OCC will take fintech charters
The Office of the Comptroller of the Currency will accept applications for bank charters from fintech companies, effective immediately. [Continue]
NorthWest Indiana Bancorp to acquire Illinois bank
Munster-based NorthWest Indiana Bancorp will acquire AJS Bancorp, Inc., Midlothian, Ill., in a stock and cash transaction worth $34.6 million. [Continue]
Chemical relocates HQ to Detroit
Regional powerhouse Chemical Financial is relocating its headquarters within the state of Michigan, moving it to Detroit from Midland. [Continue]
Consumer credit card use reflects economic health
While credit card use saw a modest decline during the first quarter of 2018, card use across all risk tiers continues to rise in year-over-year comparisons. [Continue]
Minnesota family banks combine
Minnwest Bank, Redwood Falls, Minn., and Security State Bank of Lewiston, Minn., have agreed to merge. Completion is expected in the third quarter. [Continue]
Washington state banks will merge
Walla Walla-based Banner Corporation has agreed to acquire Skagit Bancorp, Burlington, in an all-stock transaction worth $191 million. [Continue]
Kansas bank closes two mergers
Equity Bank, Witchita, Kan., has completed a merger with First National Bank of Liberal/Hugoton, Liberal, Kan., and Adams Dairy Bank, Blue Springs, Mo. [Continue]
Iowa bank expanding in Denver
In advance of an official announcement, MidWestOne Bank, Iowa City, Iowa, revealed plans to expand its year-old operation in Denver. [Continue]
CFPB settles with TCF
TCF National Bank has settled with the Consumer Financial Protection Bureau over allegations it “tricked” consumers into enrolling in its overdraft protection program. [Continue]
West Virginia’s City Holding buying two in Kentucky
City Holding Company is buying a pair of Kentucky banks in two separate deals: Town Square Bank, Ashland, and Farmers Deposit Bank, Cynthiana. [Continue]