U Bancshares in Huntington, Kentucky, has agreed to buy Heritage Community Bank in Burlington, Kentucky. The parent company of the $182.2 million-asset UBank will pay an undisclosed amount of cash and stock for the $184.4 million-asset Heritage Community. The deal is expected to close in the first quarter of 2027.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
The House passed by voice vote a revised version of legislation to officially end penny production and provide a framework for cash rounding when exact change cannot be provided.
The CDFI Fund announced awards for fiscal years 2025 and 2026 along with a reminder that it will monitor recipients for compliance with federal anti-discrimination laws.
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest loophole is no safeguard against the deposit flight that would harm many community banks, ABA and a coalition...
ABA announced the recipients of its highly regarded Bruning and Blanchfield Awards, the association's premier awards presented annually for significant contributions to agricultural banking.
Forty-nine state attorneys general last week urged the Federal Communications Commission to impose stronger “know your upstream provider” requirements to keep calls off the U.S. calling network.
The current expected credit loss framework should be simplified. There are other ways to improve it, too.
