BankFirst in Columbus, Mississippi, has agreed to buy Magnolia State Corp. in Bay Springs, Mississippi. The $2.8 billion-asset BankFirst said in a news release that it plans to buy the $456 million-asset Magnolia State in the third quarter. The price wasn’t disclosed.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
The goal is to focus the IDI resolution planning process on the operational information most relevant for the FDIC to resolve a large bank through a weekend sale or operate the institution for a short period of time...
The Federal Reserve Bank of Philadelphia's next president and CEO will be economist Anna Paulson, succeeding Patrick Harker on July 1.
ABA urged the current leadership of the CFPB “to restore balance to the policy conversation about the credit card market” following several actions taken by the prior administration to weaponize the bureau against credit card services and products.
The Trump administration sent layoff notices to more than 1,500 staff at the CFPB, leaving only 200 personnel at the bureau, Fox Business reported.
The rate for a 30-year fixed-rate mortgage was 6.83% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases covered under employer-sponsored high-deductible health plans.
