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Hometown Financial will merge Abington Bank into Pilgrim Bank. The combined bank will be run by Andrew Raczka, Abington's CEO.
February 6
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The Albany, N.Y.-based credit union has already named a successor for when CEO Paula Stopera retires in May.
February 6
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The company will gain four branches in Athens, Ga., with the $52 million acquisition.
February 6
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The pushback on stores that don’t accept cash seems to be gaining momentum, with Philadelphia the latest municipality to consider a law that would ban cash-free shops.
February 6
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The division of the Indiana Credit Union League, along with CUs and other industry organizations, has made a number of new hires and promotions.
February 5
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A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.
February 5
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Shareholders in Subchapter S corporations will get some tax relief of their own under a new Treasury Department rule that will let them take a 20% deduction on qualified business income, which includes loan originations and sales.
February 5
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Tim Green is taking over at the California-based credit union following the retirement of longtime CEO Richard Andrews.
February 5
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Peru is planning a real-time payment system with Vocalink that will put the country on par with similar systems in Thailand, Singapore, the U.S. and the U.K.
February 5
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Superior is the latest credit union to announce an acquisition involving a bank.
February 5
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The company said the move reflects intense competition and a "significant decline" in origination volume.
February 5
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Bank of Princeton will also buy $190 million in deposits as part of the deal.
February 4
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Superior is the latest credit union to announce an acquisition involving a bank.
February 4 -
Singapore’s banks have gained a six-month extension to comply with regulations aimed to protect consumers and businesses using P2P and other electronic funds-transfers within the country.
February 4
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Global politics are dividing the world of e-commerce, forcing companies to make tough decisions about their strategies for the U.S., India and other regions.
February 1
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The process involved a charter conversion and took nearly a year to complete.
February 1
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Community banks generally make digital a consumer play, but TransPecos Bank, with its BankMD brand, is focusing on doctor practices, which tend to weather economic downturns well.
February 1
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The Virginia company, which recently bought Access National, will become Atlantic Union Bank later this year.
February 1
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The former chief executive at Everglades FCU is banned from any involvement in federally insured financial institutions.
January 31
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The regional bank is roughly a third of the way to the 260 workers needed to staff the 25 branches it plans to open there over two years.
January 31
