On IRS examination, however, the taxpayer claimed that a portion of the amount represented the FMV of the branching
rights granted to the taxpayer in the acquisition.
If this venture goes well for us, and we believe that it will, in-store branching
may be one of the primary ways we expand in the future.
It thus appears that the branching
has a much greater effect on green strength than carbon black.
We have built wonderful relationships with these credit unions and we are very delighted to have ValleyStone Credit Union and UMassFive College Federal Credit Union as part of the FSCC shared branching
network," stated Sarah Canepa Bang, CEO, FSCC.
A) Is established or acquired outside the bank's home State pursuant to the interstate branching
authority granted by the Interstate Act or by any amendment made by the Interstate Act to any other provision of law; or
Now, more than ever, cost-conscious, results-driven bank executives are looking for the greatest opportunities to impact market share and are turning to in- store branching
I expect to see it expand in the next twelve months, as members become more familiar with the benefits of using shared branching
The Board also supports removing the McFadden Act's restrictions on interstate branching
for national and state member banks.
authorities have correctly argued that a restriction against branching
discourages the involvement of U.
FSCC), and Service Centers Corporation (SCC), a subsidiary of CO-OP Network, have executed a Letter of Intent to form a strategic partnership focused on the delivery of shared branching
services to credit unions.
Kenneth Williams, CEO of Infinity FCU, based in Westbrook, is excited about the expansion of shared branching
is helping us get our market share up and avoid a duplication of branch networks that is costly to our members.