Chickasaw Banc Holding in Oklahoma City has agreed to buy Oklahoma Heritage Bank in Ada. The parent of the $470 million-asset Chickasaw Community Bank did not disclose how much it will pay for the $100 million asset Oklahoma Heritage. The deal is expected to close in the second or third quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
FAFT announced several revisions to its recommendation on payments transparency, which it said will enhance the safety and security of cross-border payments to better detect financial crime.
Privately-owned housing units authorized by building permits in May increased to a seasonally adjusted annual rate of 1.393 million, according to the U.S. Department of Commerce.
The Senate voted in favor of legislation to establish a regulatory framework for payment stablecoins, with proposed amendments to establish routing mandates and interest rate caps for credit cards left out of the final bill.
The CFPB will issue an interim final rule today to push back by roughly a year the compliance dates for its small-business data collection requirements, according to a filing in the Federal Register.
The Senate Finance Committee released its reconciliation tax text that contains several differences from the version passed by the House, including changes to provisions related to the ACRE Act and the Section 199A passthrough business deduction.
Business inventories in April came in at $2.66 trillion, virtually unchanged from the month prior and up 2.2% from a year ago, the Commerce Department said.
