The Trump administration recognizes the important role that CDFI Fund plays in expanding access to capital, and CDFIs are a key component in promoting Main Street business development, Treasury Secretary Scott Bessent said in a statement.
MetroCity Bankshares has agreed to buy First IC Corp. in Georgia. Planters Holding has agreed to buy BSJ Bancshares in Louisiana.
Industrial production increased 0.7% in February from the previous month, the Federal Reserve reported. The February figure was up 1.4% from a year prior.
Housing starts increased by 11.2% in February from the month prior to a seasonally adjusted annual rate of 1.5 million, the Commerce Department reported. The rate was 2.9% below the February 2024 level.
A new generation is emerging into the economy and financial universe.
FHFA Director Bill Pulte has named himself chairman of the Fannie Mae and Freddie Mac boards. Both boards also removed several members and made new appointments.
