MVB Financial in Fairmont, West Virginia, and Integrated Financial Holdings in Raleigh, North Carolina, have terminated MVB’s proposed purchase of IFHI. In a statement, MVB said the decision reflected “changing market conditions that have pressured bank industry stock prices” and “understandable delays in regulatory processes.”
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Total nonfarm payroll employment rose by 254,000 in September and the unemployment rate edged down to 4.1%, the U.S. Bureau of Labor Statistics reported. Employment continued to trend up in food services and drinking places, health care, government,...
The number of alleged consumer protection violations and financial offenses increased in the first half of 2024, although the total fines assessed dropped dramatically.
Hiring rose in September with nonfarm payrolls adding 254,000 jobs over the month. Meanwhile, the unemployment rate ticked down slightly to 4.1%.
Agencies announce 2025 dollar thresholds used to determine whether certain transactions are subject to protections under Regulation Z and Regulation M, or are higher-priced mortgage loans subject to special appraisal requirements.
The rate for a 30-year fixed-rate mortgage averaged 6.12% this week. The rate for a 15-year fixed-rate mortgage averaged 5.25%.
The CFPB published a chart to help entities determine whether they must register for its nonbank registry. The bureau previously released filing instructions for the registry.
