Glacier bulking up in Utah with latest bank acquisition

BankThink

The Montana company will more than double its assets in Utah when it buys FNB Bancorp. Community banking M&A Capital Growth strategies Utah Montana

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De novo group aims to open first Utah bank in decade-plus

BankThink

Community banking De novo institutions Capital UtahOrganizers of the Bank of St. George have filed an application with the FDIC and state regulators and plan a public stock offering.

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Proficio Bank becomes first Utah failure in six years

BankThink

Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets. M&A Failures Strategic plans Utah

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People's Utah buying seven branches in its home state

BankThink

Community banking Branch deals Capital UtahThe company will also gain $260 million in loans and $180 million in deposits from Banner Corp.

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People's Utah gets early start on CFO succession

BankThink

People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance. Community banking Career moves Utah California

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Utah Community Credit Union Adds 9-Month CD, 3.00% APY

Deposit Accounts

Offers & Promotions Utah Community Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Utah Community Credit Union Adds 9-Month CD, 3.00% APY POSTED ON WEDNESDAY, FEBRUARY 27, 2019 BY Ken Tumin Deal Summary: 9-month CD, 3.00% APY, $500 minimum deposit. Availability: Residents of eight Utah counties. Utah Community Credit Union (Utah CCU) started the week by introducing a 9-month CD, which earns 3.00% APY. Forum. Banks.

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Utah to Fine Broker-Dealers over Credit Union Violations

Keith Leggett's Credit Union Watch

Utah Division of Securities will fine fine three large independent broker-dealers, Cetera Advisor Networks, LPL Financial and CUSO Financial Services, a combined $2.25 Utah is looking to fine Cetera Advisor Networks $1 million, LPL Financial $750,000 and CUSO Financial Services $500,000. million for violating industry rules stemming from how broker-dealers do business with credit unions, according to Investment News.

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People's Utah Gets Early Start on CFO Succession

American Banker

People's Utah Bancorp in American Fork has its next chief financial officer waiting in the wings a year in advance. breaking_news people ca ut community-banking

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Morning Scan: SoFi Mulls Utah Bank Charter

BankThink

The company has reportedly been in discussions with Utah. Receiving Wide Coverage. Future of banking: In fintech, as in life, it all comes full circle. While banks are rushing to disrupt themselves through new offerings and partnerships with Silicon Valley, the startups are beginning to look more like banks. The Wall Street Journal published a lengthy profile Tuesday of online lender Social Finance, which has made $10 billion in loans, including student loans, since 2011.

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Morning Scan: SoFi Mulls Utah Bank Charter

American Banker

The company has reportedly been in discussions with Utah… morning-scan national-regionalReceiving Wide Coverage. Future of banking: In fintech, as in life, it all comes full circle. While banks are rushing to disrupt themselves through new offerings and partnerships with Silicon Valley, the startups are beginning to look more like banks.

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Utah First Credit Union Ups 60-Month CD To 2.70% APY

Deposit Accounts

Offers & Promotions Utah First Federal Credit Union Credit Union Information Page | Receive Alerts for this Credit Union. Utah First Credit Union Ups 60-Month CD To 2.70% APY POSTED ON TUESDAY, JANUARY 16, 2018 BY Ken Tumin Deal Summary: 60-month CD, 2.70% APY ($50k), 2.60% APY ($500). When I wrote about Utah First Credit Union’s (Utah First) 60-month CD in September, the CD had only one rate tier, requiring a minimum $500 deposit. Max (Utah First).

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$2 Million Gift Gives USU Credit Union Prime Advertising Space at Utah State University's Stadium

Keith Leggett's Credit Union Watch

The USU Credit Union, a division of Goldenwest Credit Union, received prime advertising space at Utah State University's stadium for donation. The credit union has committed $2 million to the football stadium renovation. As part of the agreement, the south and west concourses of the stadium will carry the USU Credit Union name. Read more. Advertisement Branding Naming Rights

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Here’s How Many People Will Work at SoFi Bank

Bank Innovation

Capital Exclusive Operations Risk Startups assets bank charter Bank of America Social Finance SoFi Sofi Bank Utah bank charterIt’s not everyday that a fintech applies for a bank charter, so when SoFi did just that it caught our eye. But will this be a big bank? The short answer is no, or not at least for a few years. Buried in SoFi’s application are details on the proposed bank’s staffing size. The bank […].

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State Bank of Southern Utah Ups 60-Month CD (2.78% APY)

Deposit Accounts

Offers & Promotions State Bank of Southern Utah Bank Information Page | Receive Alerts for this Bank. State Bank of Southern Utah Ups 60-Month CD (2.78% APY) POSTED ON WEDNESDAY, JANUARY 31, 2018 BY Ken Tumin Deal Summary: 60-month CD, 2.78% APY, $500 minimum deposit. Availability: Market area is six southwest Utah counties. I was pleasantly surprised to see that State Bank of Southern Utah (SBSU) had raised the rate on its 60-month CD (2.78% APY) last week.

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Business model trumped money in FNB-Glacier deal

BankThink

FNB Bancorp in Utah, which is being sold to Glacier Bancorp, decided that the Montana bank's decentralized model would save jobs and give its management team more autonomy. Community banking M&A Growth strategies Montana Utah

America First CU Sponsors Utah Jazz Dance Team

Keith Leggett's Credit Union Watch

America First Credit Union is the new presenting sponsor of the Utah Jazz dance team. While the terms of the deal were not disclosed, a source indicated that such sponsorships usually range between $400,000 and $500,000 per year and require a three year commitment. Is sponsoring a NBA team''s dance squad the appropriate use of the credit union tax exemption? Read the story. Branding Sponsorships

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Former Utah banking chief joins board of Glacier

BankThink

George Sutton, now an attorney in Salt Lake City, will sit on several Glacier Bancorp committees, including audit and compliance. Corporate governance Community banking M&A Audit standards Compliance

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First Utah Bank's Competitive 13- and 60-month Promotional CDs

Deposit Accounts

Blog First Utah Bank's Competitive 13- and 60-month Promotional CDs. First Utah Bank's Competitive 13- and 60-month Promotional CDs. Availability: Utah residents. First Utah Bank (Salt Lake City area) has raised the rates on its Promotional CDs, with the 13-month Promotional CD (1.20% APY) and 60-month Promotional CD (2.25% APY) being the best deals. First Utah Bank offers its services and product lines to all residents of Utah.

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LendingPoint, seeking to expand nationwide, teams with Utah bank

BankThink

The Kennesaw, Ga.-based based firm, which makes online installment loans to borrowers with blemished credit records, currently operates in 14 states. Marketplace lending Consumer lending Subprime lending Digital banking

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ralph lauren online shop do look ‘s show up o utah

Gonzobanker

Pick up divas ralph lauren online shop do look ‘s show up o utah.

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Nelnet withdraws application for industrial loan charter

BankThink

ILCs De novo banks Fintech regulations UtahThe student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.

Zions' results reflect growing comfort with oil exposure

BankThink

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey. Earnings Regional banks Non-interest income Credit quality Utah

Longtime Zions executive LeeAnne Linderman to retire

BankThink

LeeAnne Linderman, who oversees retail banking for Zions, was the first female chair of the Utah Bankers Association and has mentored and advocated for women in the industry. Women in Banking Regional banks Succession planning LeeAnne Linderman Zions Bancorp Utah

Utah Heritage CU Celebrates 45 Years With 9-month and 45-month CDs

Deposit Accounts

Blog Utah Heritage CU Celebrates 45 Years With 9-month and 45-month CDs. Utah Heritage CU Celebrates 45 Years With 9-month and 45-month CDs. Utah Heritage Credit Union is 45 years old! DETAILS INSTITUTION APY MIN MAX PRODUCT Utah Heritage Credit Union 2.45% $500 - 45 Month CD Special Utah Heritage Credit Union 1.45% $500 - 9 Month CD Special Accounts mentioned in this post. In the past year, Utah Heritage increased its total deposit by $3.18

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Revamping deposit products at Zions required convincing employees first

BankThink

Women in Banking Deposits Core conversions Zions Bancorp UtahZions is streamlining its 500 deposit products as part of a massive core conversion, and its female executives are leading the effort.

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Zions meets efficiency goal even though 4Q profit fell

BankThink

Earnings Regional banks Revenue and expenses UtahThe Salt Lake City company reported an efficiency ratio of 61.6% despite charges and costs tied to recently passed tax reform.

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Solid 3Q lending growth at Zions

BankThink

Commercial lending Consumer lending Earnings Zions Bancorp UtahThe Salt Lake City bank said consumer loans rose 7% from a year earlier. That was one of its several quarterly highlights.

Fintech out to start national bank clears one hurdle but faces more

BankThink

Digital banking De novo banks Fintech regulations UtahVaro Money just received conditional approval from the OCC. Now it has to raise capital, create a CRA plan and get a go-ahead from the FDIC.

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Bad for business? Weighing shutdown’s impact on commercial loans

BankThink

Government shutdown Credit quality Commercial lending Commercial real estate lending Small business lending Community banking Maryland Utah Virginia Washington DCCredit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

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Student loan servicing giant seeks industrial bank charter

BankThink

ILCs Community banks De novo banks ICBA FDIC UtahNelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.

VBlog: Three Ways to Remain Close to Customer Using the Bank Division Approach

Jeff For Banks

bank charters bank divisions EDP Fulton Bank glacier bank mercantile bank Oregon Bankers Association Susquehanna Bank Utah Bankers Association Washington Bankers Association zions bank

Varo Money's bank charter application gets conditional OCC approval

BankThink

Fintech De novo banks Fintech regulations Community banking OCC FDIC Federal Reserve UtahThe OCC required the company to raise more capital and complete a CRA plan. Varo Bank still needs FDIC and Fed approval before opening.

ICBA calls for a new FDIC moratorium on industrial loan charter applications

BankThink

ILCs Fintech Licenses and charters Community banking FDIC ICBA Washington DC UtahThe industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.

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Wintrust in Ill. to buy consumer direct mortgage lender

BankThink

Community banking Regional banks M&A Mortgages Mortgage applications Illinois UtahThe company has agreed to buy the operations of Veterans Mortgage in Salt Lake City.

Square’s ILC bid may open floodgates for fintechs

BankThink

Fintech regulations ILCs Fintech Law and regulation Square SoFi Varo Money OCC FDIC State of UtahSquare became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.

3- And 5-Year CDs Can Profit Utah Savers

Bankaholic

First Utah Bank is paying attractive rates on 36- and 60-month CDs with a $500 minimum deposit. CD Rates 36 month cds 60-month cds certificates of deposit first utah bank

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. If you were asked what one industry trend will change the face of banking forever, what would you say?

Square’s ILC bid may open floodgates for fintechs

Payments Source

Fintech regulations ILCs Fintech Law and regulation Square SoFi Varo Money OCC FDIC State of UtahSquare became the third fintech firm in recent months to seek out a bank charter. Others are likely to follow.

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

This week I did my annual tour of the West, teaching Bank Profitability in the Executive Development Program for the Washington, Oregon, and Utah Bankers'' Associations. Special thanks to the talented bankers in Washington, Oregon, and Utah.

12 markets hit hardest by slashing the mortgage interest deduction

BankThink

Mortgage interest deduction Tax reform Purchase Refinance Housing market Policymaking Home prices Purchasing power California Hawaii Nevada Virginia Maryland Washington Washington DC Connecticut Louisiana UtahHere's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

Utah Savers Can Make 2% On 3-Year CDs

Bankaholic

First Utah Bank is paying three-tenths of a percentage point more than the best nationally available deal on 36-month certificates of deposit. CD Rates 36-month cd cd rates leaderboard certificates of deposit first utah bank

Could You Live Your Life on Bitcoin? [Video]

Bank Innovation

That’s more of a challenge, according to this Utah County couple who tried paying for life’s necessities only in bitcoin. Investing in bitcoin is easy. Buying a tank of gas with bitcoin…uh.

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SoFi’s Bank Charter Has Almost No Chance, Former SEC Chairman Says

Bank Innovation

The charter, submitted to the State of Utah last June, would give the online lender the ability to collect deposits insured by the […].

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