United Community Banks in Greenville, South Carolina, has agreed to buy ANB Holdings in Oakland Park, Florida. The $27.4 billion-asset United said in a news release that it will pay $80 million in stock for the parent of the $439 million-asset American National Bank. The deal is expected to close in the second quarter.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Federal and state financial regulators released a joint statement with strategies and advice for financial institutions on identifying, preventing and responding to elder financial exploitation.
The Fifth Circuit Court of Appeals, which has been hearing the legal challenge against the CFPB’s small dollar lending rule, issued an order last week clarifying that the rule’s compliance date is March 30, 2025.
Economic activity rose slightly in most of the 12 Federal Reserve districts since October, with business contacts expressing optimism that demand will rise in coming months, the Fed said.
The non-farm private sector gained 146,000 jobs in November and annual pay was up 4.8% Year-over-Year, according to the ADP National Employment Report. This follows a downward revision to 184,000 jobs in October from 233,000. Small businesses with...
New orders of manufactured goods increased $1.1 billion, or 0.2%, from the prior month to $586.7 billion in November, the Commerce Department said.
The ISM services index decreased 3.9% from the prior month to land at 52.1% in November, the Institute for Supply Management said. Readings over 50% indicate expansion.
