FDIC nod all that remains before Boston-area credit union completes largest charter switch yet.
SECU's Jim Blaine says publish, credit union lawyer Richard Garabedian says no. Audience says CAMEL itself's the problem.
The advocacy for the release of CAMEL ratings continues to be in the news. In my opinion, any disclosure of a CAMEL rating is clearly misguided and runs contrary to the basic underpinnings of our banking system. Our banking system rests on a three legged stool: federal deposit insurance (and...
The 20,000 member, $353 million GFA Federal Credit Union, headquartered in Worcester Mass., moved a bit closer to finalizing a purchase of a stock-owned thrift when a majority of the bank’s shareholders voted to approve the deal.
Cash requirements could be issue, bank attorney says, adding that he has seen interest in similar possible deals.
Lawyers handling the planned takeover of an ailing New Hampshire bank by a Massachusetts credit union expressed optimism Thursday the deal can clear regulatory hurdles.
The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.