Podcast: Making the move from a stock bank to a mutual

Kansas regulators closed Small Business Bank in Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets.

The Texas Bankers Foundation has reopened its Flood Relief Fund to support Texas communities affected by the severe storms and flooding unfolding across the state.

Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1.427 million, which was 19% above the revised May estimate of 1.199 million and 3.5% above the June 2025 rate of 1.379 million.

In a new letter, ABA cited several concerns about the OCC’s recent revisions to its standards for designating minority deposit institutions, saying the changes create uncertainty for institutions seeking to qualify or maintain MDI designation.

A proposed bill to tailor bank regulation and boost de novo bank formation would promote economic growth in communities across the country, ABA and 52 state bankers associations said in a joint letter to House leaders.

While sentiment has slipped somewhat, community bankers nationwide remain broadly optimistic about future economic conditions, according to the latest quarterly survey by the Conference of State Bank Supervisors.