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Narrow supervisory standards, inconsistent approval timelines and other regulatory impediments are limiting new bank formation and leading to further consolidation in the financial sector, ABA said.

“Millbury National has always been about serving our community, and that will never change.”

Chickasaw Banc Holding in Oklahoma City has agreed to buy Oklahoma Heritage Bank in Ada.

Congressional leaders unveiled a federal budget reconciliation tax package that contains several banking industry priorities, including language to expand access to affordable real estate credit in rural areas, as championed by ABA.

Several congressional Republicans say they do not support a proposal by President Trump to redirect funds away from the CDFI Fund.

Mutuals Matter campaign seeks to educate the public about what separates mutual banks from other financial institutions.