SALT LAKE CITY - (11/01/05) -- Four more local school districts arethe recipients of $20,000 in grants from the 100% For Kids CreditUnion Education Foundation, which has provided more than $3 millionin school funding over the past two years. The newest awards were:$4,800 to Moss Elementary for software to promote Englishproficiency; $8,900 to Hillside Elementary for books; $5,000 forRobert Frost Elementary for books; and $3,700 for JacklingElementary to purchase microscopes, globes and other equipment formath and science. The foundation is an arm of the Utah League ofCUs.
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Navy Federal Credit Union will not pay a $15 million fine or $80 million in restitution to servicemembers who were illegally charged surprise overdraft fees when their accounts had sufficient funds.
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After passing the Federal Reserve's stress tests with high marks, large banks announced dividend increases. In some cases, they also said the Fed had conceded that certain prior calculations needed to be revised.
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A team of ex-First Republic private bankers hopes to serve entrepreneurs who once worked with Silicon Valley Bank.
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The National Credit Union Administration, operating with just one board member, has liquidated two credit unions that were recently put into conservatorship. The failures are the first credit union failures since Democrats on the board were fired, leaving Republican Chair Kyle Hauptman.
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In a joint letter signed by over 50 bank trade groups, leaders in the banking industry urged regulators to revise bank regulatory thresholds upward to keep up with inflation.
July 1 - Yahoo Finance Feed
Dime Community Bancshares, which has added dozens of bankers over the past two years, is now ready to consider expanding its geography.
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