Small business, industrial lending increased late last year
Small business and commercial and industrial lending slightly increased in the fourth quarter of last year. [Continue]
Organizers pursue new Minneapolis credit union charter
A group of community leaders are in dialogue with the Minnesota Department of Commerce and the National Credit Union Administration to open a community credit union in North Minneapolis. The effort is being led by the Association for Black Economic Power under the leadership of Debra Hurston. [Continue]
Midwest economy slows, still growing
The Midwestern economy slowed in March but continues to grow, according to the March Mid-America Business Conditions Index. [Continue]
Community bankers: Recession already underway
Most community bankers believe the U.S. economy is already in a recession, according to the first quarter Community Bank Sentiment Index. [Continue]
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]