Banking industry
Flagstar Bancorp, a leading bank holding company, has announced the opening of its newest banking center in Indianapolis, Indiana. Located inside a Wal-Mart store at 3221 West 86th Street, the new center promises to bring Flagstar's extensive line of deposit products to the city. Mark T. Hammond, Vice
Banking industry
Charter One Financial, one of the top 30 bank holding companies in the US, has selected BROKAT's award-winning platform Twister to provide its customers with state-of-the-art web-based banking services. As part of the license agreement, Charter One will implement BROKAT's full web banking application suites for
Banking industry
Standard & Poor's has made significant changes to the S&P 500 and S&P MidCap 400 Indices. Effective June 16, 2000, Charter One Financial will join the S&P 500 Index after the close of trading, replacing MediaOne Group Inc. which is being acquired
Banking industry
Dennis J. Lehr and J. James Gallagher have been appointed to the Board of Directors of Telxon Corporation, a global leader in wireless communications systems. Mr. Lehr brings a wealth of experience in financing and law, having advised corporations on financing possibilities and represented banking and securities firms. He has
Banking industry
Citibank Depositary Receipt Services has announced that Taiwan Semiconductor Manufacturing Company (TSMC) is offering an additional 28,500,000 American Depositary Shares (ADSs) to the U.S. investor market. TSMC, the world's largest dedicated semiconductor foundry, is making this move to increase its visibility and accessibility to U.
Banking industry
Bay View Capital Corporation has executed a definitive agreement to sell substantially all of the assets of Bankers Mutual, a wholly owned subsidiary, to Berkshire Mortgage Finance Limited Partnership for approximately $40 million in cash. This decision reflects the company's ongoing efforts to focus on its core business
Banking industry
International Paper Co., a key player in the $9.5 billion acquisition of Champion International Corp., has announced plans to sell $3 billion worth of bonds by mid-June. The sale, managed by Credit Suisse First Boston, will be executed through the private sale of notes in three parts: a two-year
Banking industry
COGNICASE Inc., a leading e-business integrator and Wireless/Internet electronic solutions provider, has announced that its shareholders have approved the proposed transaction with National Bank Group Inc. at a Special Meeting held in Montreal. As part of the transaction, COGNICASE will issue 9,291,008 common shares to National Bank
Banking industry
Westcorp, the financial services holding company, announced the pricing of a $1 billion offering of automobile receivable asset-backed securities on Wednesday. The offering was lead managed by Banc of America Securities LLC and is expected to close on May 31, 2000. This is Westcorp's third consecutive securitization of
Banking industry
San Francisco-based PMI Mortgage Insurance Co., a leading private mortgage insurer, will co-sponsor a Professional Sales Workshop with Washington Mutual Bank on May 23, 2000. The workshop will educate real estate professionals about the Washington Mutual Affordable 97% Program, a pilot initiative targeting low-to-moderate income borrowers in Dallas and Harris
Banking industry
Burlington Industries has announced the appointment of Douglas J. McGregor as its new president and chief operating officer, effective June 1. McGregor, a seasoned executive from M.A. Hanna Co., will assume operational duties previously divided between Chairmen George W. Henderson III and Vice Chairman Abe Stenberg, who is retiring
Banking industry
Charter One Bank has announced the appointment of Gregory K. Daniels as its senior vice president and chief information officer. Daniels, a veteran computer information services manager, brings a wealth of experience in data systems management to the role, succeeding Thomas J. Kennedy who is retiring. As president of Accredited
