West Virginia treasurer warns new banks of ESG-based blacklisting
American Banker
FEBRUARY 29, 2024
Six financial institutions may be placed on West Virginia's restricted list if they are found "boycott" the fossil fuel industry, Riley Moore said.
Amazon’s AWS restores service after third outage in a month
BankInovation
DECEMBER 22, 2021
Users of Amazon Web Services began reporting network connectivity problems at its US-East-Region 1 facility in Northern Virginia around 7:35 a.m. Amazon.com Inc.’s s online services business suffered at least its third outage in the past month, knocking a number of websites offline, but service was restored by Wednesday morning.
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Dollar Bank to Expand Branch Network
Banking Exchange
JANUARY 25, 2021
billion regional bank is building four new sites in Hampton Roads, Virginia Community Banking Feature3 Feature Management M&A Human Resources.
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Canada’s TFI To Acquire UPS Freight In $800 Million Deal
PYMNTS
JANUARY 25, 2021
Canadia's TFI International (TFI) is acquiring Richmond, Virginia-headquartered UPS Freight for $800 million in a deal anticipated to close in the first quarter of 2021. for 85 years, it has offered a full range of regional and long-haul solutions, along with an on-time delivery guarantee for LTL shipments.
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Amazon, JPMorgan Donate Money To Ease Coronavirus Crisis
PYMNTS
MARCH 18, 2020
that are fighting the coronavirus: ACT for Alexandria , Arlington Community Foundation , Community Foundation for Northern Virginia and the Greater Washington Community Foundation. Amazon is also going to give cash to food banks in the region, which will use the money to provide necessities for families and persons in need.
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Alphabet-Owned Drone Co Fuels Expansion With Hiring
PYMNTS
JUNE 28, 2019
The company wants to hire people to help it grow into new regions, help with the regulation of air delivery and find new business partners. . Wing is also notable for being the first drone company to get Federal Aviation Administration (FAA) approval , which means the company was allowed to deliver to some cities in Virginia. .
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Easy Ways BSA Officers Can Get Their Required Training
Abrigo
AUGUST 22, 2019
One option that makes it easy for BSA officers to complete required training is to attend regional meetings. For example, Abrigo is hosting regional seminars in six cities across the U.S. Cost for these regional meetings is $100, and dates and locations are: Sept. 5 in Richmond, Virginia Oct. Ready to Attend?
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Amazon’s Biggest Campus In The World Opens In India
PYMNTS
AUGUST 21, 2019
The company’s next headquarters is being built in Arlington, Virginia. Because of the competition in the region, Amazon has reportedly been considering partnering up with physical stores. Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks.
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Local Governments Move In On Retail Vacancies
PYMNTS
MARCH 17, 2020
Many municipalities are looking to help by proposing new uses for vacant retail sites, including a citywide initiative in Fairfax, Virginia called Activate Fairfax , where the Department of Economic Initiative is soliciting requests for interest in an abandoned Container Store location.
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AmazonFresh Continues To Expand
PYMNTS
OCTOBER 27, 2016
These new cities will join the AmazonFresh family cities/regions of Northern Virginia, Boston, Baltimore, London, Seattle, New York, Philadelphia, Stamford, Trenton, Los Angeles, Riverside, San Diego, San Francisco, Sacramento, San Jose and Stockton. Amazon announced yesterday (Oct.
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And Then There Were 20 — The Amazon HQ2 Finalists
PYMNTS
JANUARY 18, 2018
Northern Virginia, Virginia. When Amazon came to Seattle, Washington, it changed the region through a boom in development to keep up with growth in employees and higher rent prices. Indianapolis, Indiana. Los Angeles, California. Miami, Florida. Montgomery County, Maryland. Nashville, Tennessee. Newark, New Jersey.
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Five At Five: France Aims To Tax Big Tech
PYMNTS
NOVEMBER 6, 2018
The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region. The eCommerce giant was in late-stage discussions with a handful of communities, including Crystal City in northern Virginia, Dallas and New York City. Amazon Eyes Two-City Split For HQ2.
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Site Visits Fuel Anticipation For Amazon’s HQ2
PYMNTS
OCTOBER 19, 2018
However, the suburbs of Montgomery County, Maryland and Northern Virginia, along with the District of Columbia, have “long been speculated to be frontrunners,” according to the paper. That is partly because Amazon Chief Executive Jeff Bezos owns The Washington Post and has a house in the region.
LG Pay Goes Live In The US On Select Phones
PYMNTS
JULY 17, 2019
A number of top financial institutions are supported, including Chase, PNC Bank, Regions Bank, State Employees’ Credit Union (North Carolina), U.S. Bank and Virginia Credit Union, with additional institutions expected later this year.
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Amazon Eyes Two-City Split For HQ2
PYMNTS
NOVEMBER 6, 2018
It was reported over the weekend that the eCommerce giant was in late-stage discussions with a handful of communities, including Crystal City in northern Virginia, Dallas and New York City. I think it becomes just a regional office or a back office or a major office, but not a co-headquarters.”.
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Can Booze Help Build Better Retail Experiences?
PYMNTS
JANUARY 3, 2020
Here’s the boozy scoop: According to a local report out of Virginia , a bill in the state’s general assembly would open the door for smaller shopping centers to enable consumers there to enjoy open containers of alcohol. “In Select locations will also allow for the pickup of spirits, depending on local laws.
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Mortgage applicants find cozy home at some credit unions
Abrigo
DECEMBER 26, 2014
by geographic region , identifying the top 10 credit unions by mortgage loan volume for the Northeast, South, Midwest and South. • Navy Federal Credit Union, serving military customers and headquartered in Vienna, Virginia, had the highest volume of mortgages in the Southern U.S.
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Rising Interest Rates Have Hurt Smaller Banks
PYMNTS
DECEMBER 17, 2018
The Federal Reserve began raising interest rates about three years ago from almost zero, and after the financial crisis, many small and regional banks ramped up their lending with long-term and low-rate loans. The Southern National Bancorp of Virginia is now shelling out 2.25
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SoftBank Shares Slide Along With Ride-hailing Stocks
PYMNTS
MAY 14, 2019
Some companies think SoftBank’s tech fund will help with growth in the region. Growth will be faster, more dramatic and more competitive,” said Fernando Gonzalez, a partner at Virginia-based QED Investors and CEO of Mexican FinTech startup Coru. Other investors include New York-based investment company General Atlantic.
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AWS’ Amazon Neptune Goes Live For Financial Services
PYMNTS
JUNE 1, 2018
East (Northern Virginia), U.S. West (Oregon) and EU (Ireland) regions. There are plans to expand to additional regions in the coming year. Amazon Neptune is available in the U.S. East (Ohio), U.S.
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Power Appointments At TNS
PYMNTS
OCTOBER 11, 2016
John Tait will assume the position of Managing Director of TNS’ Payments Division for the Asia Pacific region. Zirkel will be based in Reston, Virginia and Tait will be based in Sydney, Australia. George Zirkel will join TNS as Senior Vice President and Head of Global Payments Strategy.
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Is Amazon’s Delivery ‘Purge’ A Boon To Last-Mile Rivals?
PYMNTS
FEBRUARY 24, 2020
The net impact of Amazon’s decision translates to Bear Down Logistics’ facilities shutting down in Ohio, Virginia and Illinois in April — with 280 positions lost. The Seattle Times reported that a Bear Down Logistics driver in Michigan makes $15 an hour, while UPS pays about $20 an hour in the same region for the same work.
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Instacart Expands Alcohol Delivery Across The U.S.
PYMNTS
MARCH 12, 2019
can now have alcohol delivered in as soon as an hour from national, regional and local grocers as well as wine and liquor stores. Instacart, the online grocery company, announced Tuesday (March 12) it has expanded alcohol delivery for customers across the U.S. along with wine and liquor specialty stores like BevMo! ”
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109 Mall Chain Owner Considering Selling Off Its Malls
PYMNTS
AUGUST 24, 2016
Forest City Realty Trust owns 14 regional malls throughout the country and 19 specialty retail centers, which are mostly located in New York City, like the East River Plaza near the FDR Drive at 116th Street.
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Restaurant Business Serves Up Mixed Plate For 2020
PYMNTS
FEBRUARY 27, 2020
New chains could quickly emerge regionally or nationally.”. For example, students at George Mason University in Virginia and Northern Arizona University have been getting food delivered by robots since the beginning of 2019. For now, delivery apps are an interface between consumers and restaurants.
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151 OCC outlines risk plan as Northeastern loan growth doubles
Abrigo
OCTOBER 29, 2014
Many of the issues which the OCC will be focusing on ring true for all banks regardless of regulator and region. The OCC on Oct. • Traditional control processes (such as audit, loan review, internal controls and due diligence).
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238 Credit unions continue to see growth in auto lending
Abrigo
JUNE 2, 2015
Regionally, Southern credit unions continue to dominate in total new vehicle loans, with more than $39 billion reported for the period ending December 31st. And while the region has seen the slowest growth of the four, new vehicle lending does continue to climb steadily. This figure is up more than $1 billion from the previous quarter.
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What’s Next For Real Estate In Amazon’s HQ2 Cities?
PYMNTS
NOVEMBER 14, 2018
The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., and in Long Island City, a neighborhood in Queens, New York City. As one can imagine, and as PYMNTS reported, the Amazon move comes with significant incentives.
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122 QSRs Recovering From Food Scares – Can It Be Done?
PYMNTS
AUGUST 10, 2017
Just ask Chipotle, which has been subpoenaed after the most recent norovirus outbreak in one of its Virginia restaurants. According to CNN , the recent Virginia norovirus outbreak could be traced back to a sick employee who was working at the restaurant when he or she should have been at home recovering.
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How the $10B Red Line Could Reshape Southeastern Banking
American Banker
MARCH 21, 2016
A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.
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A Bank Dealmaker Who's Made Relationship-Building His Brand
American Banker
AUGUST 23, 2016
United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.
Acquisitive United Bankshares buying central Virginia bank for $303M
American Banker
JUNE 3, 2021
(..)
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Fizzle Of The Week: The NYC Amazon HQ That Will Never Be
PYMNTS
FEBRUARY 15, 2019
Amazon confirmed that it will instead move forward with plans for Northern Virginia and Nashville, and continue to hire and grow across its “17 corporate offices and tech hubs in the U.S. and Canada.”. The question has gone answered – and the answer, apparently, is no. But it won’t be in the Big Apple, it seems.
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Are Online Merchants The Mall’s Unlikely Salvation?
PYMNTS
JANUARY 18, 2017
The firm takes in-person returns from participating online retailers at six malls in California, Chicago and Virginia. Returned items are sent to a regional processing hub, then on to retailers’ fulfillment centers, third-party logistics companies or liquidators.
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100 Building A Better Lending Model To Serve SMBs Who Served
PYMNTS
FEBRUARY 6, 2018
Our first base of operations was my basement in Reston, Virginia.”. The platform also offers what it calls “ veteran business bonds,” which allow what Rockefeller called “everyday investors” to invest as little as $25 in bonds that are “diversified across our loan portfolio of businesses in every region and in industries across the U.S.”.
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CSAA Insurance Group Review: Great for Auto Coverage?
MyBankTracker
FEBRUARY 22, 2021
If you are looking for any type of personal insurance and already have a AAA membership, The California State Automobile Association (CSAA) could be the AAA-affiliated insurer that services your region. Coverage and rates vary by state and region; there are restrictions and limitations based on location. Industry rating and standing.
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone
Jeff For Banks
NOVEMBER 24, 2019
September 1st, 1999, regulators from the Federal Deposit Insurance Corp, at the behest of the Office of the Comptroller of the Currency, descended on a small coal mining town in Keystone, West Virginia. Another depressed town due to the general economic malaise that bedraggled the region when the steelmaking industry moved elsewhere.
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Retail Pulse: The Price Must Be Right
PYMNTS
JUNE 15, 2018
The discount furnishings retailer has a presence across Canada and Europe, with dozens of locations in those regions, but is just getting its feet wet in the good old U.S. Gregg in Maryland and Virginia, and also has plans for more stores across states where it already has a presence. at a rate of 20 to 25 locations per year.
Retail 100
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Truist rivals eager to poach clients but will have to wait
American Banker
JANUARY 21, 2020
For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.
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41 Random Acts of Kindness Boost Morale at Citizens Bank of W. Va.
American Banker
AUGUST 28, 2016
Citizens Bank of West Virginia in Elkins boosts morale by having employees deliver surprise gifts of thousands of dollars each year to residents of its hardscrabble town (pop.
Hurricane Insurance: What is Covered & What is Not Covered
MyBankTracker
FEBRUARY 2, 2021
However: There are many exclusions, caveats, and restrictions you should be aware of on these policies as you seek to insure a property in a hurricane-prone region. Wind damage can also affect power lines and knock out power grids in an affected region for days, weeks, or even months. Massachusetts. Mississippi. New Jersey.
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June’s Top 12 Mobile Pay Moments
PYMNTS
JUNE 30, 2016
On June 16, Samsung Pay arrived in Singapore, allowing users of Galaxy Note 5, S6 Edge+ and the S7/S7 Edge phones can use Samsung Pay in the region. Samsung Pay launched in Australia on June 15. Google and Samsung’s move to bring Android Pay follows Apple’s moves into the heavy mobile population. Walmart Pay’s US Expansion.
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Hurricane Florence’s Retail Punch
PYMNTS
SEPTEMBER 14, 2018
We do not engage in surge pricing, and product prices do not fluctuate by region or delivery location,” an Amazon spokesperson noted. “We Consumers complained loudly and angrily on Twitter — and while Amazon noted that they do not set prices for their marketplace sellers, they were looking into the issue. “We
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Automobile Club of Southern California Insurance Review
MyBankTracker
FEBRUARY 26, 2021
Through a series of mergers, acquisitions, and reorganizations, the ACSC is now an AAA-affiliated insurer and, as the name suggests, serves customers in the Southern California region. It’s worth noting that AAA insurance is a collection of branded products, services, and programs spread across several different companies and regions.
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