More Than 110 Organizations Will Participate in the FedNow Pilot Program
The
US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program.
FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
Esther George, President and CEO of the
Federal Reserve Bank of Kansas City and executive sponsor of the Federal Reserve’s payments improvement initiatives, stated:
“We’re gratified by the industry’s tremendous interest and willingness to devote time and energy to help us develop the FedNow Service. As a result, we’ve adjusted to accommodate more participants than we originally planned.”
Staff Reports
Dec 30, 2020
MOULTRIE, Ga. â First National Bank has announced that it is opening a new office in Moultrie, Georgia, doing business as First National Bank of Moultrie. The office will be located in the heart of Moultrie, downtown on the square, at 26 S. Main St.Â
First National Bank of Moultrie will be open to customers in early 2021, according to a press release from the company.Â
Brad Barber, president and CEO, commented, âThe First National Bank of Moultrie office will provide our customers and the community local bankers who can make local decisions. We have assembled a dynamic team of local bankers who represent over 75 years of combined banking experience to serve the citizens and businesses of Colquitt County and the surrounding South Georgia area. Personally, Iâm excited for our new team of bankers and feel a real sense of gratitude to have the opportunity and privilege to serve the community where I spent so many years.âÂ