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Florida bank finds a new credit union buyer

American Banker

Innovations Financial Credit Union is purchasing First National Bank Northwest Florida, taking the place of Harvesters Credit Union, which terminated its 2022 deal to acquire the bank.

Florida 83
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A digital-first bank for south Florida

Independent Banker

Banking veteran Keith Costello cofounded Locality Bank, where he serves as president and CEO, to champion for south Florida small businesses financially affected by the pandemic. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Filling a need.

Florida 91
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ABA, National Bankers Association hold first MDI partnership summit

ABA Community Banking

During the first MDI Partnership Summit held this week in Orlando, Florida, participants from minority depository institutions and banks across the country gathered to discuss approaches to better serve the unique banking needs of communities of color and low- to moderate-income communities.

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A Network In A Time Of Need: Credit Unions Go National When Disaster Strikes

PYMNTS

Those efforts culminated with the National Credit Union Foundation’s recent launch of the CUAid Disaster Recovery App , in collaboration with PSCU. If you look at the national banks, they have that distribution of locations and contact centers. Petersburg, Florida headquarters.

National 263
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JPMorgan Chase accused of de-banking, defaming a Florida business

American Banker

A medical services company is suing the nation's largest bank, alleging that it refused transactions, closed accounts and erroneously told customers that the company was subject to sanctions by the U.S. Treasury Department. JPMorgan declined to comment on the suit.

Florida 88
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Bitcoin Daily: SEC Charges Florida Crypto Trader In $6.8M Fraud Case; Salt Lending To Pay $250,000 Fine, Refund ICO Investors; SEC Alleges Swedish National Bilked Crypto Investors Of $1.5M

PYMNTS

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 million, CoinDesk reported. The agency claimed that the defendant scammed investors between January 2018 and January 2019 as he purported to never finish a trading day with losses.

Florida 151
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Valley National is targeted by investors spooked by NYCB's loss

American Banker

Valley National, based in Morristown, New Jersey, has a high exposure to commercial-property loans relative to its peers. 31, with heavy exposure to New York, Florida and New Jersey. The bank reported that almost half its $50.2 billion loan book was in commercial real estate as of Dec.