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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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
July 4 -
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
July 3 -
Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
July 3