PASADENA, Calif. - (01/18/06) -- Wescom CU said it has acquired afour-story, 117,523 square-foot office building in nearby Anaheimwhere it plans to open an administration center. The $2.5 billioncredit union plans to employ 300 people, and as many as 500 downthe road, at the site, which will be used for auto, consumer andmortgage lending and to provide some back-up for disaster recovery.It will also house the credit union's insurance services, and atelephone call center. Wescom paid $17.4 million for thebuilding.
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Banks are unlikely to get the language of the GENIUS Act amended to better defend deposits. But Noelle Acheson explains how that doesn't mean they won't get what they want.
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Banesco USA in Miami is among the banks that are eyeing the government-guaranteed lending program as a source of growth.
December 17 -
The House Financial Services Committee unanimously passed bills that would give the Federal Deposit Insurance Corp. more options in resolving failed banks, including by waiving the "least-cost resolution" requirement in some circumstances.
December 17 -
The Treasury official renewed a pledge to avoid hurting how mortgages trade in a Fox Business News interview as a new study highlighted one way to do that.
December 17 -
A federal appeals court agreed to have the full bench rehear arguments by the Consumer Financial Protection Bureau's union about whether the Trump administration planned to gut the agency through mass firings.
December 17 -
Daryl Byrd, who led Iberiabank until it was acquired by First Horizon, has assembled an investor group to acquire MC Bancshares and its subsidiary, MC Bank & Trust Co. in Morgan City, Louisiana. Byrd will become CEO.
December 17




