By embracing transparency, diversification, innovation, and a customer-centric approach, community banks can actually become stronger and more integral to the U.S. financial system. [Continue]
Rosemont, Ill.-based Wintrust Financial Corp. is acquiring Holland, Mich.-based Macatawa Bank Corp. in a $510 million, all-stock transaction. [Continue]
Community banks, though relatively small, are attractive targets for cyber criminals as “low-hanging fruit,” said Banking Superintendent James Johnson on April 11 during the Iowa Division of Banking’s Day with the Superintendent. [Continue]
Price fixing is always political and it is nearly impossible to miss the partisan motivation behind this anti-competitive price cap. [Continue]
Community bankers have been hearing for years about the decline of branch banking and the need to shift more services to digital. However, statistics reveal this generally accepted truth doesn’t capture the full picture. [Continue]
A 2023 lawsuit, which pitted the Minnesota Bankers Association and one of its member banks against the FDIC, was dismissed without prejudice in federal court on April 8. [Continue]
Small business optimism fell to its lowest reading in more than a decade last month as inflation continues to stymie confidence, according to the National Federation of Independent Business. [Continue]
An appellate court disallowed the relocation of a lawsuit challenging the Consumer Financial Protection Bureau’s late fee rule to Washington, D.C. [Continue]
Edina, Minn.-based Scale Bank acquired Chattanooga, Tenn.-based factoring company Provident Commercial Finance. [Continue]
The unemployment rate remained low at 3.8 percent in March as the economy added 303,000 jobs, according to the U.S. Bureau of Labor Statistics. [Continue]