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 Federal Reserve is updating the Borrower in Custody program as part of an ongoing effort to modernize discount window operations, according to an announcement.
Last year, the Federal Home Loan Banks supported $8.4 billion in lending in areas with constrained credit availability and enabled their members to offer longer-term, more affordable financing options to households and communities, FHFA said in its annual...
An ABA Banking Journal series explores how banks are adapting to the financial needs of student athletes, professionals and the sports industry around them.
President Trump nominated Danielle Thumann, senior counsel to Federal Communications Commission Chairman Brendan Carr, to serve as commissioner on the FCC. If confirmed by the Senate, Thumann would fill one of two vacant seats on the commission.
The Senate adjourned without holding a final vote on the Clarity Act, punting further action on the bill until at least September.
FinCEN renewed a geographic targeting order requiring certain banks and money transmitters located in Hennepin and Ramsey counties, which include Minneapolis and St. Paul, to report additional information for transactions of $3,000 or more to recipients outside the...
