Bank payrolls reported unprecedented increases beginning in the fourth quarter of 2021. Today, we take a look at the forces behind the shedding of many of those newfound banking jobs. The 53 banks listed on page 5 of this week’s…
Another Impact of the Maui Fires
It is a little-known fact that Hawaii Electric is the Holding Company for 4-Star American Savings Bank, FSB, Honolulu, HI and its parent, ASB Hawaii Inc., a savings & loan Holding Company. In this week’s Jumbo Rate News we address…
Because People Still Need/Want that Human Touch
The number of Federally-Insured credit unions was cut by nearly 15% in the 5 years ended March 31, 2023, yet membership climbed more than 20%. The big keep getting bigger while the small fight to survive. Fifty-one 5-star credit unions…
The Fewer the Bank Branches, the More They Matter
Over 2,100 bank branches closed their doors during the 12 month period ending June 30, 2023. Yet, 977 new bank branches opened for business during that same 12 month period. Many of the new branches belong to 5-Star community banks.…