Intercity State Bank in Schofield, Wisconsin, will be absorbed by One Community Bank in Oregon, Wisconsin. The $266 million-asset Intercity and the $2.2 billion-asset One Community are owned by the Bosshard family. The merger is expected to close later this year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
The NFIB Small Business Optimism Index fell by 2.3 points in January to 102.8, although it remained above the 51-year average of 98, the National Federation of Small Business said.
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards that appropriately mitigate financial stability and consumer protection risk, ABA said.
Federal Reserve Chairman Jerome Powell said that “no other federal regulator” is examining large banks to ensure they are complying with certain consumer protection laws following the Trump administration decision to suspend all CFPB activities.
President Trump confirmed that he plans to close down the CFPB, which he said “was set up to destroy some very good people.”
'Banking offers a unique opportunity to be both an agent of change and a trusted pillar in the community.'
The House voted to pass bipartisan legislation to extend the Corporate Transparency Act's beneficial ownership information reporting deadline by one year until Jan. 1, 2026.
