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Pacific Financial Corporation: Pacific Financial Corp Earns $3 9 Million, or $0 37 per Diluted Share, for Second Quarter of 2023, and $8 0 Million, or $0 77 per Diluted Share, for the First Six Months of 2023

Pacific Financial Corporation: Pacific Financial Corp Earns $3 9 Million, or $0 37 per Diluted Share, for Second Quarter of 2023, and $8 0 Million, or $0 77 per Diluted Share, for the First Six Months of 2023
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As used in this Form 10-Q, the terms we, our and Company refer to Timberland Bancorp, Inc. and its consolidated subsidiaries, unless the context indicates otherwise. When we refer to Bank in this. | May 9, 2023

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Northern California banks, credit unions to test Federal Reserve s new system for faster money transfers

Northern California banks, credit unions to test Federal Reserve s new system for faster money transfers
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More Than 110 Organizations Will Participate in the FedNow Pilot Program

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.”

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