Podcast: The community bank M&A outlook for 2023

John Maxfield on what it takes to be a discipline to be a CEO in a business with little margin for error.

With consumers seeking out financial advice to cope with rising prices, banks can "proactively intervene and make a difference in their customers’ lives," according to JD Power.

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.

Consumer sentiment decreased 3.6 points month-over-month in September to 48.1, and is down seven points from one year ago, according to final results of the University of Michigan Surveys of Consumers.

Demand for protein-rich foods and nutritional supplements has continued to increase, contributing to tighter whey inventories and higher prices.

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.