Credit card purchase volumes return to pre-pandemic norms
Monthly purchase volumes for super-prime credit card account holders increased nearly 14 percent in the second quarter, according to an ABA report. [Continue]
Writer: BankBeat
TS Bank helps raise more than $250,000 for neighborhood program
“The generosity of this anonymous donor and the love for Council Bluffs is simply incredible,” said Sheryl Garst, CEO of The 712 Initiative. [Continue]
OCC: Bank can offer crypto services only after regulator non-objection
“Providing this clarity will help ensure that these cryptocurrency, distributed ledger, and stablecoin activities will be conducted by national banks and federal savings associations in a safe and sound manner,” said OCC Acting Comptroller of the Currency Michael Hsu. [Continue]
WaterStone Bank hires 2 branch presidents
Wauwatosa, Wis.-based WaterStone Bank has hired Brianna Burgess as Fox Point community president and Bryan Krajewski as Milwaukee/Oklahoma Avenue branch president. Formerly a branch manager at Associated Bank, Burgess has seven years of banking experience and co-chairs for the Black colleagues resource group. Krajewski has more than 20 years of retail experience. He was a … Read more
Community State Bank helps donate nearly 240 Thanksgiving meals
“This is our second year participating in the campaign and it’s just as exciting as the last,” said CSB Burlington Market President Becky McClelland. [Continue]
Bloomberg analysts: Reg uncertainty could slow M&A pace
Bloomberg financial analysts say regulatory uncertainty could slow the pace of bank M&A activity. [Continue]
Trade groups, GOP push back against SBA direct loan proposal
House Small Business Committee Ranking Member Blaine Luetkemeyer (R-Mo.) has introduced a bill to ban Small Business Administration direct lending. [Continue]
Fed governor supports more rapid economic tapering
Federal Reserve Bank of New York Governor Christopher J. Waller said the Fed should taper its economic support at a faster pace as inflation concerns continue. [Continue]
House passes Build Back Better package without reporting proposal
The House of Representatives recently passed the Build Back Better legislative package without the initial IRS reporting proposal. [Continue]
First National Bank of Omaha acquiring Wyoming bank
The parent company of First National Bank of Omaha is acquiring Wyoming-based Western States Bank. [Continue]