Central Bancshares in Muscatine, Iowa, has agreed to buy McLaughlin Holding Co. in Moline, Illinois. Central is the parent of CBI Bank and Trust while McLaughlin is the parent of SENB Bank. The deal is expected to close in the third quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
During a hearing on financial scams targeting consumers, Senate Banking Committee members offered different approaches for addressing the problem, with Democrats arguing that financial institutions should take responsibility for scams targeting their customers and Republicans pushing for consumer...
While financial stress among U.S. employees remains high, access to financial planning benefits through work has doubled since 2023, according to a PNC Bank survey.
The rate for a 30-year fixed-rate mortgage averaged 6.2% this week. The rate for a 15-year fixed-rate mortgage averaged 5.27%.
ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing programs, leadership and activities focused on improving DEI within their workplace.
The Producer Price Index increased 0.2% in August from the previous month, the Labor Department reported.
The Consumer Price Index rose 0.2% in August, the same increase as the previous month, and rose 2.5% over the past year, the Labor Department said.
