Financial Services News

Information on The List was obtained from the National Credit Union Administration's most recent call report from the September 2020 cycle. The List was pulled on Jan. 6, 2021. Only credit unions with more than $10 million in assets were included. In the case of ties, credit unions are ranked by total membership.

Heidi Gartland, chief government and community relations officer for University Hospitals Cleveland, has been appointed to the board of directors for the Federal Reserve Bank of Cleveland. Each reserve bank's main office has a nine-member board of directors. Six of the directors, including Gartland, represent the general public and consider mostly the interests of agriculture, commerce, industry, services, labor and consumers, the Cleveland Fed said in a statement. Each director is responsible…

The program will last one year and is aimed toward communities of color and the military community.

The banking giant just launched a $400 million fund to help small businesses impacted by the pandemic — and that's just one part of its CSR work.

Wells Fargo & Co. can do better. That was one message CEO Charlie Scharf had for investors on Friday after releasing fourth-quarter results.

San Antonio-based Frost Bank, a subsidiary of Cullen/Frost Bankers Inc., confirmed Friday that it has eliminated 68 positions in an effort to cut costs across the company, The 68 affected jobs were across all departments and locations. The layoff represents the first the company has done since 2002. Frost spokesperson Bill Day said the leadership team looked across the company to positions where the business case has changed, technology allowed consolidation of duties or where jobs could be combined…

After securing the largest venture capital funding round in Austin in 2020, local digital health tech startup Everlywell Inc. is already making waves in 2021. The startup has landed a new investor, HealthQuest Capital, that has contributed $75 million. The move was a subsequent close of December's $175 million Series D funding. While the funding round doesn't boost Everlywell's $1.3 billion valuation, it has strategic importance because of HealthQuest's experience in commercialization of diagnostics…

Wells Fargo & Co. can do better. That was one message CEO Charlie Scharf had for investors on Friday after releasing fourth-quarter results.

Deal enables both companies to deepen relationships with new and existing association partners.

The Allegheny County Airport Authority (ACAA) announced the extension of CEO Christina Cassotis' contract through Dec. 31, 2025 and highlighted her prepandemic accomplishments since joining the authority six years ago during the authority's monthly public board meeting. ACAA also announced and confirmed the reappointment of its current officers and directors to serve an additional year-long term. "Prior to the pandemic, PIT finished its busiest year in more than a decade, achieving multiple air…