Weekly Infobyte: Direct Deposit, B2B Are Most Common Same-Day ACH Transactions

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.

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.

ABA joined other plaintiffs in filing a motion for summary judgment in a lawsuit challenging an Illinois law restricting interchange fees, pointing to the court’s previous finding that the plaintiffs were likely to succeed on their argument that...

President Trump nominated Federal Reserve Governor Michelle Bowman to be the Fed’s next vice chair for supervision.

Builder confidence in the market for single-family homes in March was 39, down three points from the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index.