Farmers bullish on ag economy this year
Two-thirds of farmers expect the ag economy to be either the same or stronger in 2023, according to Bank Iowa’s second annual survey of farmers. [Continue]
First Financial acquiring fellow North Dakota bank
Arthur, N.D,-based First Financial Corp. is acquiring fellow eastern North Dakota bank HSB Financial Corp. [Continue]
Small, mid-sized banks lost $109 billion in deposits
Small and midsize banks lost billions in deposits amid the fallout from the failures of Silicon Valley Bank and Signature Bank. [Continue]
Fed: Custodia rejected for crypto ties
The Federal Reserve cited many reasons in rejecting Custodia Bank’s membership application, including its crypto ties. [Continue]
Appeals court rules CFPB funding structure constitutional
Competing views on the constitutionality of the CFPB’s funding will come to a head before the Supreme Court later this year. [Continue]
U.S. ag lending hit $103 billion in 2022
America’s ag banks increased agricultural lending by 8.1 percent last year to $103.1 billion, according to the ABA’s annual Farm Bank Performance Report. [Continue]
Industrial production unchanged in February
Industrial production was unchanged last month, according to February’s Federal Reserve Industrial Production and Capacity Utilization report. [Continue]
Consumer sentiment fell in March
Consumer sentiment fell this month as the FOMC continues to raise interest rates, according to the University of Michigan Surveys of Consumers. [Continue]
Congressional scrutiny grows over SVB, Signature collapses
Congress has scrutinized the work of financial regulators for their work in supervising Silicon Valley Bank and Signature Bank. In a March 20 letter, House Committee on Financial Services Chair Patrick McHenry (R-N.C.) and Senate Banking Committee Ranking Member Tim Scott (R-S.C.) requested Federal Reserve Chair Jerome Powell provide a timeline of events of the … Read more
Yellen: Feds willing to protect uninsured small bank depositors
Treasury Secretary Janet Yellen said the government is willing to expand FDIC insurance to regional and community banks in distress. Her comments came March 21 during the American Bankers Association’s Washington Summit, according to the ABA Banking Journal. [Continue]