Stockton Bancshares in Stockton, Kansas, has agreed to buy Coffeyville Bancorp in Coffeyville, Kansas. Stockton, the parent of the $310 million-asset Solutions North Bank, said in a news release that it expects to buy the holding company for the $180 million-asset Community State Bank in the second quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
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.
New single-family home sales increased to a seasonally adjusted annual rate of 743,000 in April, according to the U.S. Census Bureau and HUD. The April reading was 10.9% above the revised March rate.
ABA joined the Bank Policy Institute and three other associations in calling on the SEC to rescind its cyber incident disclosure rule, which they said puts companies that fall victim to cyberattacks at greater risk.
