MetaBank changing name to Pathward NA
Sioux Falls, S.D.-based MetaBank announced March 29 that it is changing its name to Pathward NA after Facebook (now Meta) bought exclusive rights to the name. [Continue]
Wisconsin banks merging in $158 million deal
Green Bay, Wis.-based Nicolet Bankshares, Inc., is expanding into the Twin Cities market by acquiring Eau Claire, Wis.-based Charter Bankshares, Inc., and its subsidiary Charter Bank in an approximately $158 million stock-and-cash transaction. The merger is expected to be complete in the third quarter of this year. [Continue]
Nebraska banks to merge
McCook, Neb.-based MNB Financial Services, Inc., is acquiring The Bank of Doniphan, Neb., and its holding company Doniphan Bancshares, Inc. [Continue]
Bill would create digital Treasury U.S. dollar
A recently unveiled bill would allow the U.S. Treasury to issue a digital version of the dollar. [Continue]
BaaS will be worth $7 trillion by 2030, survey says
Banking-as-a-service will be a $7 trillion industry by 2030, according to a report from the core technology provider Finastra. [Continue]
FDIC seeking information on bank mergers
The FDIC is seeking public comment on current bank merger policies, a strong signal that regulators are interested in more closely scrutinizing M&A activity. [Continue]
Mississippi law would halt bank-CU mergers
A new Mississippi law signed by Gov. Tate Reeves effectively bans bank-credit union mergers within the state. [Continue]
Cybersecurity risks evolve as war in Ukraine continues
Community banks must properly vet their managed security service providers and frequently update employee passwords to protect against the ever-evolving cybersecurity threat landscape, experts say. This comes as Russia’s war in Ukraine brings fresh fears that Russia could use hacking against U.S. companies to strike back against punishing sanctions levied in response to the invasion. [Continue]
Mortgage banking firm acquiring Benton State Bank
Madison, Wis.-based mortgage banking firm Thompson Kane & Co. is acquiring Benton, Wis.-based Benton State Bank. [Continue]
Colorado de novo plans precious metals focus
Colorado bank holding company Battle Financial, Inc., is seeking a national banking charter and hopes to launch Battle Bank NA later this year. [Continue]