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In the year 2006, UTI Bank opened its first overseas branch in Singapore. The same year it opened an office in Shanghai, China. In 2007, it opened a branch in the Dubai International Financial Centre and branches in Hong Kong. [15] On 30 July 2007, UTI Bank changed its name to Axis Bank. [16]
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The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets. [9] First Midwest Bank assumed Waukegan Savings Bank's $77 million in deposits and $89 million in assets following its closure by the FDIC. The two Waukegan branches will open as First Midwest locations. [10]
UTI Mutual Fund has been a pioneer in launching various schemes, such as the UTI Unit Linked Insurance Plan (ULIP) with life and accident cover (launched in 1971), UTI Master Share (launched in 1986), India's first Offshore Fund – India Fund (launched in 1986), and the UTI Wealth Builder Fund, the first of its kind in the Indian mutual fund ...
This resulted in stable fourth quarter numbers and the bank's first ever profit. [6] In September 2018, Providence Bank & Trust of South Holland, Illinois, a bank with 12 branches in the Chicago area, announced that it would purchase Urban Partnership. [7] The acquisition was completed on Jan 30, 2019. [8] [9]
CIBC Bank USA is an American commercial bank headquartered in Chicago, Illinois.Founded in 1989 as The PrivateBank and Trust Company (doing business as The PrivateBank), a subsidiary of PrivateBancorp Inc., the company became a subsidiary of the Toronto-based Canadian Imperial Bank of Commerce (CIBC) after a US$5 billion acquisition in June 2017. [2]
October 21, 2019, Kim McWaters resigned as CEO of Universal Technical Institute. [8] Jerome Grant was named CEO in 2019. [9] On Nov. 1, 2021, UTI announced it had completed the acquisition of MIAT College of Technology, [10] [11] On June 9, 2022, the company announced plans to add 15 new programs across its national UTI/MIAT campus footprint.