Bankers expect recession, strong farm income growth
Bankers are predicting a recession along with strong growth in farm income, according to June’s Rural Mainstreet Index. [Continue]
Deal called off between Georgia bank, Florida CU
Jacksonville-based VyStar Credit Union and Atlanta-based Heritage Southeast Bancorporation have terminated their acquisition agreement. [Continue]
Ohio’s Buckeye State acquiring First City
Powell, Ohio-based Buckeye State Bank is acquiring Columbus, Ohio-based First City Bank in a deal set to close in the fourth quarter. [Continue]
Ohio banks merging in $27 million deal
Northwest Ohio-based Farmers & Merchants Bancorp, Inc., is acquiring west central Ohio-based Peoples-Sidney Financial Corp. [Continue]
Small business optimism remains below average
Small business owners remain relatively pessimistic about business conditions, according to May’s Index of Small Business Optimism. [Continue]
Canadian bank entering the U.S. with Stearns buy
St. Cloud, Minn.-based Stearns Financial Services is selling its one-branch Stearns Bank Holdingford, NA, charter to the Canadian digital banking and cybersecurity firm VersaBank. [Continue]
CrossFirst Bank entering Colorado, New Mexico
Leawood, Kansas-based CrossFirst Bankshares is entering Colorado and New Mexico by buying Clayton, N.M.-based Farmers & Stockmens Bank. [Continue]
ABA, CBA express opposition to overdraft reform
The American Bankers Association and Consumer Bankers Association reiterated their opposition to the Overdraft Protection Act on June 13. [Continue]
MidWestOne completes Iowa First buy
Iowa City-based MidWestOne Bank has completed its acquisition of Iowa First Bancshares Corp., Muscatine. [Continue]
Inflation hits 41-year high in May
Year-over-year inflation hit 8.6 percent last month, the largest increase since December 1981, according to the U.S. Bureau of Labor Statistics. [Continue]