Lawmakers call for SAFE Banking Act passage
A bipartisan group of two dozen Senators recently called for the passage of the SAFE Banking Act in a letter to House and Senate leadership. [Continue]
CSBS president/CEO dies at 58
Longtime Conference of State Bank Supervisors President and CEO John Ryan died unexpectedly late in the day of May 16 in Washington, D.C. [Continue]
Inflation plunges consumer sentiment by nearly 10 percent
Consumer sentiment fell by nearly 10 percent this month as inflation continues wreaking havoc on economic expectations, according to a University of Michigan survey. [Continue]
Granite Bank entering Twin Cities market
Cold Spring, Minn.-based Granite Bank is entering the Twin Cities metro market by acquiring Champlin, Minn.-based Maple Bank. [Continue]
Michigan CU expands to Florida with bank purchase
Dearborn, Mich.-based credit union DFCU Financial is expanding into Florida by acquiring Tampa-based First Citrus Bank. [Continue]
Ag prices soar as war continues in Eastern Europe
U.S. wheat and corn commodity prices spiked 60 percent and 30 percent, respectively, during the first quarter of this year, according to a KC Fed report. [Continue]
Small business optimism remains stunted
Small businesses optimism remained at a relatively low level in April as decades-high inflation continued, according to an NFIB survey. [Continue]
Hsu calls for updated M&A framework
The Office of the Comptroller of the Currency is reviewing its bank merger policy, Acting Comptroller Michael Hsu said on May 9. [Continue]
Deerwood Bank completes branch sale to Royal Credit Union
Waite Park, Minn.-based Deerwood Bank completed the sale of its Inver Grove, Minn., branch to Royal Credit Union. [Continue]
Fed survey reveals strengthening loan, credit card demand
Demand for C&I loans grew in Q1 2022 as customers spent on inventory and plant or equipment projects, according to a Fed survey. [Continue]