LIBERTY LAKE, Wash. - (11/04/05) -- Four Washington credit unions haveformed a regional core data processing CUSO in conjunction withanother CUSO, CU*Answers. The new CUSO, called CU*NorthWest, haspurchased the assets of Franklin Associate Solutions and will actto offer Kentwood, Mich.-based CU*Answers' data processingsolutions in the Pacific Northwest. Participating credit unions:Spokane Firefighters CU, Inland Empire Trades CU, Spokane CatholicFCU, and Spokane Media FCU.
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Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
October 17 -
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
October 17 -
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
October 17 -
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
October 17 -
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
October 17 -
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
October 17