HBT Financial in Bloomington, Illinois, has agreed to buy Tri-County Financial Group in Mendota, Illinois. The $6.7 billion-asset HBT said in a press release that it will pay $204.6 million in cash and stock for the $1.6 billion-asset Tri-County. The deal, which priced Tri-County at 131% of its tangible book value, is expected to close in the first quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
FinCEN has finalized a rule removing the requirement for U.S. companies and persons to report beneficial ownership information to the agency under the Corporate Transparency Act, the Treasury Department announced. The agency also will delete previously reported information...
The NFIB Small Business Optimism Index increased 2.4 points in July to 99.8, rising above its 52-year average of 98. The Uncertainty Index rose two points from June to 91.
The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, and it should work with other regulators to ensure forms for all issuers are substantially similar across agencies,...
The Treasury Department proposed new rulemaking to establish guidance for employer-sponsored programs for contributions to Trump Accounts, including arrangements that allow employees to make pre-tax contributions to the accounts of dependents.
Total household debt decreased $13 billion, or 0.1%, to $18.8 trillion in the second quarter of the year, the Federal Reserve Bank of New York said in its Quarterly Report on Household Debt and Credit.
ABA and 12 associations expressed strong support for the FCC’s latest proposal to ensure that voice service providers in the path of a call take meaningful responsibility for keeping illegal calls off the U.S. calling network.
