First Horizon Msaver has received the 2009 Model Bank Award in Healthcare Banking from Celent, a Boston-based financial research and consulting firm.
First Horizon Msaver was named a model healthcare bank for its Employer Funding Portal, which is used by employers to deposit employee payroll deductions and employer contributions into individual health savings accounts (HSAs).
The [...]

Regions Financial Corporation announced the final results of the Supervisory Capital Assessment Program (SCAP) conducted by the federal bank regulators. Under the adverse “what-if” scenario contemplated by the SCAP, Regions has committed to increase its common equity by $2.5 billion. This will strengthen Regions’ current Tier 1 Common to risk-weighted asset ratio, which was 6.49 [...]

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

Bank of Ayudhya Public Company Limited (BAY) and American International Group, Inc. (AIG) announced an agreement under which BAY will acquire AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited. The transaction, subject to the approval of the Bank of Thailand and BAY’s shareholders, is expected to be completed in April 2009.
Under [...]

Robert L. Clarke, who served as U.S. Comptroller of the Currency from 1985 to 1992, has been elected to the Mutual of Omaha Board of Directors, Chairman and CEO Dan Neary announced.
Clarke is a Senior Partner and founder of the global financial services practice at the law firm of Bracewell & Giuliani in Houston, where [...]

Misys plc the global application software and services company and the leading international banking software provider in Russia, announces that OJSC Alfa Bank Moscow (Alfa Bank), the largest private bank in Russia, has extended its relationship with Misys until at least 2020.
Alfa Bank is expanding its operations throughout Eastern Russia and is underpinning its [...]

In recognition of the holiday season, the OneBeacon Charitable Trust has made a $12,000 donation to the Greater Boston Food Bank, the largest hunger-relief organization in New England and one of the largest food banks in the country.
Said Carmen Duarte, a member of the OneBeacon Charitable Trust Committee, “At OneBeacon, we are firm believers in [...]

New York Life Insurance Company announced that it will place its life insurance manufacturing and marketing operations under the direction of Senior Vice President Mark Pfaff, who has run the Agency Department since 2006. The move creates a powerful combination of the industry’s leading field force and one of its strongest life insurance franchises. [...]

KAR Holdings, Inc. today announced that management will be participating in Bank of America’s Credit Conference in Orlando, Florida on Thursday, November 20, 2008 at 4:40 P.M. EST at the Royal Pacific Resort. To listen to the live webcast of this event, please go to http://www.veracast.com/webcasts
A replay of the webcast will also be available via [...]