Reposition
Farmers and Mechanics Federal is a local Savings Bank serving Greene, Monroe, and surrounding counties since 1892. It is the goal of Farmers and Mechanics Federal to retain the confidence and esteem of its customers and community. The institution will continue to provide superior products and services for the customers by incorporating proven, modern technology with traditional, time-honored values that are never out-of-date.
Farmers & Mechanics Federal - Recent News & Articles
In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a sign...
Banks have now regained all deposits they lost following the collapse of Silicon Valley Bank. But that doesn't solve many of the problems still faced ...
The six largest U.S. banks saw delinquent commercial property loans nearly triple to $9.3 billion in 2023 amid high vacancy rates and increasing borro...
Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portf...
Federal Reserve Chair Jerome Powell joined a chorus of US officials who have argued that mounting bad commercial real estate loans will likely cause s...
The $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming to the need of a...
Temenos shares were down over 6% on Friday after closing over 28% lower on Thursday. The Swiss software company said its board of directors “fundament...
New York Community Bancorp Inc.’s stock lost more than a third of its value Wednesday in its steepest one-day drop ever, after it posted a surprise lo...
Back in November, UBS chair Colm Kelleher predicted that the next financial crisis would happen in shadow banking — delightfully infuriating Apollo’s ...
The U.S. financial services division of Chinese bank ICBC was hit by a cyberattack that reportedly affected the trade of U.S. Treasurys. ICBC, the wor...