RICHMOND, Va. – State chartered credit unions can now convert to mutual savings banks under a bill passed last week by the legislature.
The bill gives state charters parity with federal charters in credit unions in at least a dozen other states on conversion to banks.
Only one federal charter in Virginia has converted to a bank, @tlantic Financial FCU in Virginia Beach in 2003.
The AI firm Jump used notetaker data to analyze thousands of discussions between advisors and clients. The results show advisors aren't as good at keeping their mouths shut as many think.
The crypto firm has resubmitted its request for national trust bank charter from the federal agency after its first filing was quietly returned.
Erin Piacenti, 32, was a vice president at Bank of America. On her way home from work, she was stabbed to death in what New York police called a "random and unprovoked attack."
After his firm agreed to one of the most impactful deals in wealth management of 2026, Altruist CEO Jason Wenk sat down with FP to discuss the negotiations, his firm's strategy and the new tool he says can build higher-quality plans in much less time.
Farmers & Merchants Bank of Long Beach took an $85 million loss on the sale of $1 billion worth of municipal bonds. It plans to reinvest the proceeds into higher-yielding loans and investments.
The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.
