First National in Strasburg, Virginia, has agreed to buy Touchstone Bankshares in Prince George, Virginia. The $1.4 billion-asset First National said in a news release that it will pay $47 million in stock for the $658.7 million-asset Touchstone. The deal is expected to close in the fourth quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Consumer credit increased at a seasonally adjusted annual rate of 6% in July, the Federal Reserve reported.
FHFA released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well as nationwide data on housing and the mortgage market.
FinCEN received more than 15,000 Bank Secrecy Act reports about possible mail theft-related check fraud during a six-month period in 2023, which were associated with $688 million in actual or attempted transactions.
A majority of banks below $100 billion in revenue are spending more on technology this year than in the past, but most also say their technology projects are not being completed on schedule, according to a new survey...
Given the enormous challenges facing production agriculture—including a farm economy that has taken a downward spiral—it is imperative that Congress take action on the Farm Bill before year’s end, ABA and more than 300 associations said.
Consumer inflation expectations remained unchanged at the short- and longer-term horizons but rebounded slightly at the medium-term horizon after a sharp decrease in July, according to the Federal Reserve Bank of New York’s Survey of Consumer Expectations for...
