SAN DIMAS, Calif. – WesCorp FCU said yesterday it has agreed to acquire Internet broadcaster CIA Studios from The Rochdale Group, a consulting company headed by former U.S. Central CU President Dan Kampen. WesCorp has been a pioneer in webcasting with its popular Market Update and Breaking News features, as well as its annual Operation Best Wishes, which allows soldiers in Iraq and Afghanistan to communicate with their families every Christmas. WesCorp plans continue webcasting at CIA Studios and to expand the services to include, among other things, video news releases. CIA Studios was part of Counterintelligence Associates, the well-known credit union consultants which was acquired in 2005 by Rochdale, from CommunityAmerica CU.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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Needham and Provident banks received all regulatory approvals and merge date; JPMorganChase hired veteran tech dealmaker Kevin Brunner from Bank of America; RBC Capital Markets will expand its presence in the equity derivatives market with two senior hires from UBS; and more in this week's banking news roundup.
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