Brainard urges retail, community development test as regulators revamp CRA
Federal Reserve governor Lael Brainard urged careful consideration of the Community Reinvestment Act proposal put forth by the FDIC and the OCC. [Continue]
Federal Reserve governor Lael Brainard urged careful consideration of the Community Reinvestment Act proposal put forth by the FDIC and the OCC. [Continue]
Tony Cortilet, the noxious weed and cannabis program supervisor with the Minnesota Department of Agriculture, said there’s a lot of money in the hemp industry, but also a lot of risk. Cortilet also explained that producing CBD isn’t farmers’ only option. [Continue]
Central Bancshares, Inc., Muscatine, Iowa, completed its purchase of Walcott Trust and Savings Bank of Walcott, Iowa in December. [Continue]
The Otto Bremer trustees released a filing in response to Bremer Financial Corp.’s lawsuit, stating that the trust has the legal right to sell the bank. [Continue]
Heartland BanCorp, Whitehall, Ohio, the holding company for Heartland Bank, agreed to acquire Victory Community Bank, Fort Mitchell, Ky. [Continue]
The 5,256 commercial banks and savings institutions insured by the FDIC made $57.4 billion in aggregate net income in third quarter 2019, down $4.5 billion or 7.3 percent from a year ago. [Continue]
Gate City Bank, Fargo, N.D. will open five new offices inside community-based grocery stores throughout Minnesota and North Dakota in 2020. [Continue]
American Bank & Trust, Wessington Springs, S.D., broke ground for a new branch in Sioux Falls for its 14th location in the state. [Continue]
Meta Financial Group, Inc., Sioux Falls, S.D., reached an agreement to sell its community bank division to Central Bank, Storm Lake, Iowa. [Continue]
For the first time since the inception of the American Customer Satisfaction Index, banks had a higher customer satisfaction than credit unions. [Continue]