Commercial banks
First Union Corporation and MCI Communications Corporation have entered into an unprecedented partnership to revolutionize the banking industry on the Internet. The joint venture aims to provide First Union customers with simple and convenient access to the Internet, allowing them to perform banking transactions, browse the web, and access a
Commercial banks
Aspen Bancshares, a leading bank in Colorado, has announced a significant move to boost its shareholders' returns. The company's Board of Directors has approved a five-for-four common stock split, which will be distributed as a stock dividend to shareholders on record by October 10, 1995. This decision
Commercial banks
West LB, Germany's third-largest commercial bank, has deployed an advanced information storage solution from EMC Corporation to ensure business continuance in the event of a natural or man-made break in computer operations. The new system includes EMC's Symmetrix 5000 family Integrated Cached Disk Arrays (ICDA) and
Commercial banks
COMBANCORP, the holding company for Commerce National Bank, has announced a strong financial performance in the second quarter of 1995. The company reported net income of $173,553, or 31 cents per share, compared to $94,117, or 17 cents per share, in the same period in 1994. This represents
Commercial banks
CoreStates Financial Corp, a leading financial institution in the Philadelphia area, has announced agreements for the sale of ten branch offices located in New Jersey and Pennsylvania. The branch offices are being sold in clusters to three different purchasers, with all three sales scheduled to close in the fourth quarter
Banking industry
Columbia/HCA Healthcare Corporation, in partnership with People's Bank and Visa U.S.A., has introduced the first nationwide affinity credit card program, which aims to benefit local community programs in Columbia/HCA markets across the country. The program, which targets employees, Senior Friends members, physicians, and volunteers,
Banking industry
Informix Software, Inc., a leading provider of data warehousing and parallel processing database technology, has announced a partnership with Hewlett-Packard Company to provide the platform for the development of the U.S. government's Electronic Federal Tax Payment System (EFTPS). First Chicago/Mercantile Services LLC, a joint venture subsidiary
Commercial banks
Following the merger with State Bank and Trust, Hibernia Corporation has successfully converted the former bank's computer systems and installed new signs in various locations across Louisiana. The company's Ascension Parish president, Ken Bailey, expressed the bank's commitment to improving banking services and convenience
Commercial banks
Following a $3.5 million capital infusion in March 1995, BKLA Bancorp has reported improved earnings and removed restrictions imposed by the Federal Deposit Insurance Corp. and the Federal Reserve of San Francisco. Chairman M.J. Burford announced that the bank has earned $66,000 in the second quarter, bringing
Commercial banks
Westfalenbank, a privately-held regional bank in Germany, has announced its decision to implement network computing systems from Sun Microsystems Computer Company. The bank plans to replace its proprietary minicomputer environment with an open UNIX environment, led by the SPARCserver 1000 platform. This strategic decision is part of Westfalenbank's
Commercial banks
The Deutsche Bundesbank, Germany's central bank, has selected Sun Microsystems as its partner for UNIX technology projects, marking a significant partnership in the banking industry. As part of this agreement, Sun's SPARC systems will be used for various tasks, including the introduction of SAP R/3,
Commercial banks
Citicorp's second quarter 1995 earnings reflected sustained performance in diverse economic environments, with revenues up 3% and operating expenses up 14%. The bank's global consumer business led the increase with a 10% growth, and the company's balance sheet was strengthened with total capital at
