Personal income increased 0.3%, or $65.3 billion, in April, the Commerce Department said today. The personal savings rate—a percentage of disposable personal income—was 3.6%. Meanwhile, personal consumption expenditures increased 0.2%, or $39.1 billion.
Pontiac Bancorp agrees to buy Ottawa Bancorp in Illinois. Profinium Financial Holdings to buy F&M Community Bank in Minnesota.
ABA and the Michigan Bankers Association have released a new ad highlighting Rep. Bill Huizenga’s (R-Mich.) support for policies that make life more affordable for Michigan families by lowering taxes and fighting scammers who target bank customers.
The Treasury Department has appointed Chris Miller as director of the CDFI Fund. He joins the fund from Three Roots Capital, a certified CDFI based in Tennessee.
The GDP second estimate at 1.5% demonstrates resilient private demand; strong increases in real final sales reflect continued appetite for consumer and commercial credit.
The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said.
Home prices increased 1.5% in June compared to the same month a year ago, up from a 1.2% rise the previous month, according to the S&P Cotality Case-Shiller Index.
