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Washington Mutual is For Sale: Sources: By Jonathan Stempel and Megan Davies NEW YORK (Reuters) - Washington Mutual Inc WM, the giant U.S. savings and loan beleaguered by mortgage losses, has put itself up for sale, sources familiar with the matter said on Wednesday. The Seattle-based thrift has hired...; Tags: Washington Mutual Inc., Thrift, Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co., Merrill Lynch & Co. Inc., Morgan Stanley, Sovereign Bancorp Inc., Wachovia Corp., Wells Fargo & Co.; News items 2008-09-17
Washington Mutual Cut to Junk By S&P: NEW YORK (Reuters) - Washington Mutual Inc WM, was downgraded to "junk" status on Monday by Standard & Poor's amid concern about mortgage losses, causing shares of the largest U.S. savings and loan to slide after-hours following a 27 percent plunge...; Tags: S&P, Washington Mutual Inc., Thrift, Financial Accounting, Finance, Lehman Brothers Holdings Inc., Rating; News items 2008-09-15

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Mary C. Siler | Hospital volunteer, 87: Mary Craig Siler, 87, of Havertown, a volunteer at Lankenau Hospital for 28 years, died of heart failure Friday at Bryn Mawr Terrace. Until becoming ill, Mrs. Siler volunteered at Lankenau and helped out at The Hamper, a thrift shop in Narberth that benefits the hospital. She was past president...; Articles 2008-10-07
Fannie Mae and the Federal Home Loan Bank of Chicago to Provide Additional Liquidity and Stability to the Mortgage Market: WASHINGTON, Oct. 7 /PRNewswire-FirstCall/ -- Fannie Mae and the Federal Home Loan Bank of Chicago today announced a new partnership whereby Fannie Mae will purchase 30- and 15-year fixed rate mortgage loans from the Federal Home Loan Bank of Chicago. Fannie Mae will purchase loans channeled...; Articles 2008-10-07
Squeezed by financial crisis, Americans shift back to thrift: WASHINGTON AFP — With US financial institutions foundering and credit tightening, Americans are rediscovering thrift as they shop more wisely, forego holidays and even barter in shops to live within their means. "I do the practical things people always used to do," Sandra, an unemployed, divorced mother of...; Articles 2008-10-05

Volunteers in line for honors: A 91-year-old woman spends 10 hours a week holding down the front desk at a senior center. A man in his 80s does fix-it work at a thrift store, and then gives his "wages" to an animal rescue group. Another older man runs to raise money for the survivors of...; Articles 2008-10-04
Harleysville National Corporation Receives Approval from the Office of the Comptroller of the Currency to Acquire Willow Financial Bank: HARLEYSVILLE, Pa., Oct. 3 /PRNewswire-FirstCall/ -- Harleysville National Corporation (the "Corporation") announced that on September 25, 2008, its wholly-owned subsidiary, The Harleysville National Bank and Trust Company (the "Bank"), received approval from the Office of the Comptroller of the Currency to acquire Willow Financial Bank , the wholly-owned...; Articles 2008-10-03
Banks Overly Reliant on "Hot Money" Deposits, According to Weiss Research Study: A new study released today by Weiss Research,Inc. demonstrates that many banks and thrifts in the United States may beoverly reliant on "hot money" deposits often associated with bank runs. New legislation to raise the limit on FDIC coverage could help stabilize aportion of these deposits, but many institutions will...; Articles 2008-10-03
Volunteers in line for honors: A 91-year-old woman spends 10 hours a week holding down the front desk at a senior center. A man in his 80s does fix-it work at a thrift store, and then gives his "wages" to an animal rescue group. Another older man runs to raise money for the survivors of...; Articles 2008-10-03
Fitch Solutions Provides Overview of Residential Mortgage Risk Analysis Today @ 2PM ET: NEW YORK -- Fitch Solutions' Advisory Service team will be hosting a WebEx demonstration this afternoon at 2:00 p.m. ET to discuss the functionality of its new residential mortgage risk analysis advisory service, which is designed for usage by executive management teams at Banks, Thrifts and Credit Unions with assets...; Articles 2008-10-02
Concise Crossword #6852: Across 1 Sixth note of a scale (3) 3 Female child (4) 5 Away from home (3) 8 Duck (7) 9 Liquid measure (5) 10 Flightless bird (3) 11...; Articles 2008-10-01
CB Richard Ellis hires four in Portland office: CB Richard Ellis has hired Preston C. Greene, Michael Thrift and Tyler Honzel as sales professionals in its Portland office, and Troy Martinson as a research coordinator in its Portland office...; Articles 2008-10-01
New York Community Bancorp, Inc. Regretfully Announces the Passing of John A. Pileski, a Member of the Board of Directors: WESTBURY, N.Y. -- It is with great sadness that New York Community Bancorp, Inc. (NYSE: NYB) (the "Company") today announced the death, on September 28, 2008, of John A. Pileski, a member of the Board of Directors of the Company and its subsidiary banks since January 1, 2003. ...; Articles 2008-10-01
Fitch Solutions Provides Overview of Residential Mortgage Risk Analysis 10/2 @ 2PM ET: NEW YORK -- Fitch Solutions' Advisory Service team will be hosting a WebEx demonstration on Thursday Oct. 2 at 2:00 p.m. ET to discuss the functionality of its new residential mortgage risk analysis advisory service, which is designed for usage by executive management teams at Banks, Thrifts and Credit Unions...; Articles 2008-09-30
Realities of a weak economy still loom: NEW YORK -- Financial markets were subdued in early trading Sunday night after congressional leaders said they are poised to pass a $700 billion rescue plan for banks, brokerages, credit unions, thrifts and insurance companies. Failure to reach an agreement would have led to severe market disruptions,...; Articles 2008-09-29
First Bancorp Selected for Performance Award: TROY, N.C., Sept. 29 /PRNewswire-FirstCall/ -- First Bancorp , the parent company of First Bank, announced today that First Bancorp was recently recognized by investment banking firm Sandler O'Neill & Partners, L.P., as one of the top performing small-cap banks in the nation. New York-based Sandler O'Neill is one...; Articles 2008-09-29
Federal Trust Corporation Announces Termination of Negotiations With Respect to Private Recapitalization Transaction: SANFORD, Fla., Sept. 29 /PRNewswire-FirstCall/ -- Federal Trust Corporation today announced that previously reported negotiations with an investor group based in New York and Florida have been terminated. Accordingly, Federal Trust is no longer subject to the exclusivity provisions of the letter of intent that had been entered...; Articles 2008-09-29
Hub Group, Inc. Announces Death of Founder and Chairman Phillip C. Yeager: DOWNERS GROVE, Ill., Sept. 29 /PRNewswire-FirstCall/ -- Hub Group, Inc. regretfully announces the death of its founder and Chairman, Phillip C. Yeager from complications following a heart attack. Mr. Yeager, an intermodal industry pioneer, founded Hub Group, Inc. in 1971 with his late wife Joyce. He...; Articles 2008-09-29
MARKETS: Is There A Place For CUs In Government Bailout?: Bush administration officials crafting the massive government bailout of the mortgage markets made clear last week that credit unions will be included in the program."We have proposed a program to remove troubled assets from the system-a program we analyzed internally for months, and had hoped would never be necessary," Treasury...; Articles 2008-09-29
Washington Mutual, Inc. Files Chapter 11 Case: SEATTLE -- WASHINGTON MUTUAL, INC. announced today that it has, together with its wholly-owned subsidiary, WMI Investment Corp., commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The chapter 11 filings were a result of the...; Articles 2008-09-27

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