Plains Bancshares acquiring two branches
Plains, Kan.-based Plains Bancshares, Inc., is acquiring the Harper and Anthony, Kan., branches of BancCentral, NA. [Continue]
Orders for manufactured durable goods increase again
New orders of manufactured durable goods orders increased $1.2 billion in April to $265.3 billion, according to the U.S. Census Bureau. [Continue]
Middlefield expanding into NW Ohio
Northeast Ohio-based Middlefield Banc Corp. is acquiring Ada, Ohio-based Liberty Bancshares. [Continue]
CSBS calls for SAFE Banking Act passage
The Conference of State Bank Supervisors is urging Congress to include the SAFE Banking Act in the final version of the America COMPETES Act. [Continue]
Iowa CU buys digital insurance firm
Iowa-based Collins Community Credit Union purchased the Des Moines-based online insurance firm Coverage Direct. [Continue]
Banks made nearly $59.7 billion in 1Q 2022
FDIC-insured institutions made $59.7 billion in net income during the first quarter of this year, a 22-percent drop from a year ago, according to the Quarterly Banking Profile. The overall drop was due to a $19.7 billion increase in provisional expenses, mainly among the largest banks. Nearly 63 percent of banks reported an annual decline in quarterly net income. [Continue]
Rural economy slows but remains strong
The rural economy is slowing but remains strong as farm prices continue to increase at a historic pace, according to a monthly Creighton University survey. The Rural Mainstreet Index fell from 62 to 57.7 in May, the lowest reading since early 2021, but still remained above growth-neutral for the 18th straight month. [Continue]
Lawmakers call for SAFE Banking Act passage
A bipartisan group of two dozen Senators recently called for the passage of the SAFE Banking Act in a letter to House and Senate leadership. [Continue]
CSBS president/CEO dies at 58
Longtime Conference of State Bank Supervisors President and CEO John Ryan died unexpectedly late in the day of May 16 in Washington, D.C. [Continue]
Inflation plunges consumer sentiment by nearly 10 percent
Consumer sentiment fell by nearly 10 percent this month as inflation continues wreaking havoc on economic expectations, according to a University of Michigan survey. [Continue]