Community banking

Credit unions join banks in push to give workers time off to vote

09/02/20

The move is part of the effort by lenders and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

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Banks join push to give workers time off to vote

09/02/20

The move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ballots.

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CIT sells wealth management business to FirstSun Capital

09/01/20

CIT inherited the business with its purchase earlier this year of Mutual of Omaha Bank.

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Four bankers of failed thrift charged with helping client embezzle funds

08/29/20

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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The community banker at the center of the mail-in voting fracas

08/28/20

Mike Duncan had kept a low profile as chairman of the U.S. Postal Service’s board of governors until it hired Louis DeJoy as postmaster general. Now he is sharing an unwanted spotlight with the embattled DeJoy.

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Hanover Bancorp making bigger push into New York with Savoy acquisition

08/28/20

The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.

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Broadway to become biggest Black-run bank after CFBanc acquisition

08/26/20

The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.

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Why PayPal just deposited $50 million in a small South Carolina bank

08/26/20

"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.

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Banks in hurricane zone redraw preparedness playbooks

08/24/20

Social distancing and other pandemic-related measures are making it harder for banks in the Gulf region to rely on tried-and-true contingencies.

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USPS needs to keep an open mind on postal banking

08/21/20

If the U.S. Postal Service can hold talks with big banks, like JPMorgan Chase, about offering financial services in post offices, then it could easily strike up similar conversations with credit unions.

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