Citizens Alliance Bank in Clara City, Minnesota, has agreed to buy Granite Mountain Bank in Butte, Montana. The deal is expected to close later this year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, including exempting banks from the definition of “beneficial owner.”
The Consumer Confidence Index was 98 in May, up from 85.7 in April, the Conference Board said.
Home prices increased 3.4% in March compared to the same month a year ago, down from a 4% rise the previous month, according to the S&P CoreLogic Case-Shiller Index.
New orders for manufactured durable goods decreased $19.9 billion or 6.3% in April to $296.3 billion, the U.S. Census Bureau said in its most recent advance report.
Hometown Financial Group to buy CFSB Bancorp. BancFirst has agreed to buy American Bank of Oklahoma.
The Federal Reserve and a coalition of bank and business associations have requested that a federal court pause litigation challenging the Fed’s stress testing framework.
