Location: Oklahoma City
Assets: $270 million
Employees: 71
President and CEO: Don Abernathy
Popular with employees: Employees look forward to wearing jeans on Fridays.
Fitness/wellness program: Equipment in the exercise room includes an elliptical machine and treadmill.
Bonus/incentive program: Employees are eligible for an annual bonus and profit-sharing.
The Federal Reserve issued an enforcement action against the former head of Heartland Tri-State Bank, who embezzled millions of dollars after falling victim to a crypto scam.
Acting Comptroller of the Currency Michael Hsu said that while artificial intelligence is a potentially transformative technology, regulators should be wary of waiving liability for its use in banking.
The contract gives the nation's oldest bank access to more than $3 billion in deposits a month.
The embattled crypto bank announced that it will reduce operations and move to preserve capital after losing its banking partner earlier this month.
Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
The Consumer Financial Protection Bureau has significantly raised the transaction threshold for its larger participant rule — which defines which firms will be affected — from 5 million annual payments to 50 million.
