So far this year, banks and thrifts have completed 70 branch acquisition deals that involved 410 branches.
Illinois, Texas, Michigan, North Carolina and California led the nation in branch sales, according to SNL Financial.
Firm finds staff deals with some or all of 82 new regs costing financial institutions $45,264 in compliance costs.
The $5.6 billion Bethpage Federal Credit Union in Bethpage, N.Y., named Lynda Nicolino to the newly created position of corporate general counsel where her focus will be on government relations. Nicolino was general counsel and secretary of the Long Island Power Authority where she had worked for the past 15...
Read about the latest new hires, promotions, retirements and other career milestones in the credit union industry.
New York Federal Reserve Bank President William C. Dudley tells New York Times banks’ misdeeds are a problem deeply rooted within Wall Street.
Federally insured credit unions could potentially receive a rebate on corporate assessments, according to a Feb. 12 release from the NCUA. However, the final tally won't come until 2021, the regulator cautioned.
Revealing the settlement's net gain could jeopardize ongoing negotiations with deep-pocketed Wall Street firms, NCUA's general counsel says.
JPMorgan Chase settlement eliminated future assessments, but NCUA won't reveal how much it paid in lawyer's fees.
When it comes to service and faster transactions, credit unions continued to have the edge over banks last year.