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Community Banks and Credit Unions |
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Results 1 - 10 of 1391 |
Posted Date: Friday, February 7, 2025
President Donald Trump appointed National Credit Union Administration (NCUA) Vice Chairman Kyle Hauptman to become the 13th NCUA board chair. Hauptman indicated he is against regulation by enforcement and is concerned with reducing compliance costs for covered institutions. Read on »
Posted Date: Friday, January 31, 2025
First Busey Corp. received regulatory approval to move forward with plans to merge with CrossFirst Bankshares Inc., including the indirect acquisition of CrossFirst’s subsidiary bank. The combined entity will operate under the Busey brand and have approximately $20 billion in total assets. Read on »
Posted Date: Tuesday, January 28, 2025
The first bank acquisition by a credit union announced this year reignited concern from the community banking sector after Frontwave Credit Union entered a definitive agreement to acquire Community Valley Bank to expand its footprint in Southern California. Read on »
Posted Date: Tuesday, January 21, 2025
The Federal Deposit Insurance Corp. announced the first bank failure of 2025 as Chicago-based Pulaski Savings Bank shut its doors, with the Illinois Department of Financial and Professional Regulation named as the receiver. Read on »
Posted Date: Tuesday, January 21, 2025
Reading Cooperative Bank and Wakefield Cooperative Bank announced plans to enter into a partnership agreement in an effort to create a stronger, more resilient financial institution. An executive from one of the two banks explained to Dodd Frank Update why the agreement was described as a “partnership” rather than a “merger” or “acquisition.” Read on »
Posted Date: Friday, January 17, 2025
Legislation introduced by Sen. Cindy Hyde-Smith (R-Miss.) and Rep. Andy Barr (R-Ky.) is intended to renew efforts to encourage the creation of banks serving rural and other underserved communities by easing federal regulatory restrictions for newly established institutions in these areas. Read on »
Posted Date: Tuesday, January 14, 2025
With a new Congress in session and a new presidential administration set to take office, industry trade organizations are clamoring to make their voices heard at the federal level. The nation’s largest trade group representing consumer banks is advocating for a laundry list of reforms to consumer financial protection rules and regulations while the country’s largest credit union advocacy group is concerned with preserving its members’ tax-exempt status. Read on »
Posted Date: Friday, January 10, 2025
The window to file demographic information required under the Home Mortgage Disclosure Act has been opened and the current state of emergency in California caused banking regulators to address impacted institutions. Find details about these developments and more in this regulatory roundup. Read on »
Posted Date: Tuesday, January 7, 2025
The new year means it is time for various industry trade groups to both look back at their activities and accomplishments from 2024 and set a new list of priorities for 2025. Multiple organizations representing banks and credit unions also announced new executive hires in the opening week of the year. Learn about some of these noteworthy moves and policy announcements in this roundup. Read on »
Posted Date: Friday, January 3, 2025
Just before the end of the calendar year, Zeal Credit Union became the 22nd credit union to acquire a bank in 2024 when it entered into a definitive agreement with Gogebic Range Bank and its holding company West End Financial Corp. The deal elicited calls for heightened regulatory scrutiny from the community banking sector. Read on »
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