News

There were 860 financial institutions that the FDIC considered to be troubled during the third quarter, up from 829 during the previous three months, according to data released by the agency today.

Former insurance lobbyist and Oklahoma Gov. Frank Keating was named the American Bankers Association president/CEO today.

Assistant Treasury Secretary Michael Barr, who oversees the department's work on credit unions, banks and other financial institutions, plans to leave office by the end of the year to return to academia.

William Ferrence, president/CEO of $490 million Boulder Dam Credit Union in Nevada, died Sunday.

Jack Antonini, former CEO of Cardtronics, the large Houston ATM vendor, has been named president/CEO of the National Association of Credit Union Service Organizations effective Dec. 1.

The head of the Credit Union League of Connecticut Monday called "good news" that term deposits held in the pending liquidation of Constitution Corporate Federal Credit Union will be held secure at fixed rate and maturity.