Farmers Bank and Savings in Pomeroy, Ohio, has applied to acquire Nelsonville Home and Savings in Nelsonville, Ohio. In related news, The Bank in Oberlin, Kansas, has applied to acquire Gorham State Bank in Gorham, Kansas.
First Financial in Arthur, North Dakota, has agreed to buy HSB Financial in Harwood, North Dakota. The deal is expected to close this summer.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
CFPB Director Rohit Chopra said his agency will press forward with rulemakings even as federal banking agencies have paused their major initiatives until after President-elect Trump takes office.
The FDIC was ill-prepared to resolve large regional banks at the time of last year’s failures of Silicon Valley Bank and two other banks, the FDIC Office of Inspector General concluded in a new report.
FinCEN issued Spanish translations of an existing alert to financial institutions on a surge of check fraud schemes involving mail theft and an analysis of the problem.
The Consumer Price Index rose 0.3% in November after rising 0.2% the previous month, and increased 2.7% over the past year, the Labor Department said.
The acquisition of an NFL stadium’s naming rights by a credit union raises the question of why a large tax-exempt institution should have an advantage over its tax-paying competitors, according to a Wall Street Journal opinion column.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
