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]
Illinois banks merging
First Waterloo Bancshares announced June 9 that it is acquiring Village Bancshares, Inc., St. Libory. [Continue]
ABA: Credit conditions will weaken in next 6 months
Bank economists expect currently solid business and consumer credit markets to weaken over the next six months. [Continue]
CU assets increase by 9 percent in first quarter
Total assets in federally-insured credit unions jumped nearly 9 percent in the first quarter of this year to $2.12 trillion, according to NCUA data. [Continue]
Kansas City Fed: Russia-Ukraine war could have long-term price impacts
Russia’s war in Ukraine could bring long-term commodities price hikes to the Midwest, according to a recent Federal Reserve Bank of Kansas City report. [Continue]
Senators introduce crypto bill
U.S. Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) introduced a bill on June 7 that would create a regulatory system for digital assets. [Continue]
Unemployment remains at 3.6 percent in May
U.S. unemployment remained at 3.6 percent in May for the third straight month as nonfarm employment rose by 390,000, according to the U.S. Bureau of Labor Statistics. [Continue]