FEDERAL WAY, Wash. - (12/20/04) -- The Washington CU Foundation, asubsidiary of the Washington CU League, will use a new $20,000grant from the National CU Foundation to fund its Economic PowerProject aimed at serving underserved and unbanked Latinos throughthe state. The project is designed to help credit unions developinglong-term outreach programs in their respective communities. Aspart of the effort to serve the state's growing Latino populationthe league's Foundation will launch an Hispanic Task Forcecomprised to credit union representatives working on the Latinooutreach project.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
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New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
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Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
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