DOGE recommends terminating CDFI Fund contracts
A team led by Elon Musk is recommending that the Treasury Department cancel hundreds of contracts funded through its Community...
Community Banking
ABA vice chair testifies before House on community banks’ economic role
Community banks are an important part of the U.S. financial system and play a crucial role in both local communities...
ABA recommends FASB staff memo to address certain nonbank CECL concerns
Citing possible adverse unintentional consequences to CECL practices at community banks, ABA said it opposed changes proposed by the Financial...
Plumas to buy Cornerstone Community in California
Plumas Bancorp in Reno, Nevada, has agreed to buy Cornerstone Community Bancorp in Red Bluff, California.
Former FDIC chair urges lawmakers to rethink credit union tax exemption
As the Trump administration searches for cost savings to address federal budget deficits, it is time to reexamine credit union...
Fed’s Bowman suggests easing regulatory uncertainty for mutual banks
Bank regulators should be open to easing some of the unique regulatory burdens facing mutual banks, Fed Governor Michelle Bowman...
Cadence to buy FCB Financial in Georgia
Cadence Bank in Tupelo, Mississippi, has agreed to buy FCB Financial in Savannah, Georgia. Also, the FDIC approved a proposed...
Bank Community Engagement: Five imperatives for bank leaders
Shifting from serving to partnering with low-to-moderate-income communities and bringing them in as loyal customers.
ABA backs bill to promote new bank creation
ABA endorsed legislation to spur the creation of new banks by easing federal capital requirements during their first few years...
ABA Foundation rolls out financial education campaigns amid 100th anniversary
The ABA Foundation launched its 2025 financial education campaigns by encouraging U.S. banks and their more than two million employees...
