The Treasury Department’s Community Development Financial Institutions Fund is announcing $23 million in funding for the fiscal year 2017 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities. The BEA program is the only program to which CDFI banks have had regular access in recent years. The first deadline in the application process for BEA funds is Nov. 16 and the final application deadline is Nov. 30.
Proposed acquisitions have been announced in recent days of banks in Florida, Kansas and Missouri.
ABA and 52 state bankers associations urged senators to include legislation to expand access to affordable real estate credit in rural areas in a budget package currently under consideration in Congress.
New orders of manufactured goods increased $25.7 billion, or 4,3%, from the prior month to $618.8 billion in March, the Commerce Department said.
As more retail bank customers struggle to pay their bills on time, many of them are looking to their banks for financial advice, according to a new survey by J.D. Power.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in seven states recently affected by natural disasters.
Construction spending in April was at a seasonally adjusted annual rate of $2.15 trillion, 0.4% below the revised March estimate, the Commerce Department said.
