M&A News: TowneBank expands in Virginia

The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.

The Federal Reserve, FDIC and OCC issued a revised compliance guide for the Community Bank Leverage Ratio framework, reflecting changes that took effect in July.

While frontier artificial intelligence models strengthen both cyberattacks and cyber defense, the financial costs for both are “asymmetric” and may favor attackers, according to a new bulletin published by the Bank for International Settlements.

ABA's economic team believes there are risks to growth including elevated interest rates and oil prices. However, strong investment in AI infrastructure and resilient consumer spending provide support to economic activity and the outlook for bank and credit...

ABA and the Ohio Bankers League have released a new ad encouraging Sen. Jon Husted to continue his efforts to enact policies that help banks better serve their customers and communities and spur economic growth.

ABA economists believe that the lower-than-expected inflation reading is a potential tailwind for the broader economy. Lower inflation supports household purchasing power which could improve credit performance and consumer loan demand.