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

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.

The rate for a 30-year fixed-rate mortgage was 6.55% this week. The rate for a 15-year fixed-rate mortgage was 5.93%.

Builder confidence in the market for newly built single-family homes was 34 in July, down two points from an upwardly revised reading of 36 in June, according to NAHB/Wells Fargo Housing Market Index.

ABA's Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City.

A proposed bill supported by ABA would require the Small Business Administration to provide and make public more details about 7(a) lending program risks.