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California regulators on Friday closed Nano Banc of Irvine and appointed the FDIC as receiver. Sunwest Bank of Sandy, Utah, has agreed to assume substantially all deposits and purchase certain assets of the bank.

The Democratic members of the House Financial Services Committee warned banking regulators against “weakening” the Community Reinvestment Act and requested more time for public comment on proposed changes to rules implementing the law.

Credit conditions are expected to weaken slightly over the next six months as inflation remains elevated and financial conditions remain restrictive, according to ABA’s latest Credit Conditions Index.

Gateway First Bancorp in Jenks, Oklahoma, has agreed to buy First Western Mortgage and unit Colonial Savings in Fort Worth, Texas.

ABA has elected Matt Lujano as chair of the Community Bankers Council for the 2026-2027 association year. Lujano is president and CEO of Westside State Bank in Westside, Iowa.

One -size-fits-all regulation does not work for community banks, which is why legislation is needed to better tailor regulation and promote de novo bank formation, Kentucky community bankers told House lawmakers.