FAIRBORN, Ohio - (03/03/05) -- Wright-Patt CU said it eliminatedall member fees in 10 different categories starting this week.Among the fees being scrapped are those for traveler's checks, forwriting too many checks, annual credit card charges and starterchecks. The $1.1 billion credit union said it made the movefollowing its annual review of member patronage. "We think theelimination of these fees is in contrast to the growing trend offee increases many consumers are seeing in the for-profit financialinstitution marketplace," said Wright-Patt President DougFecher.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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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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