Bradford National Bank in Greenville, Illinois, has completed its acquisition of State Bank of St. Jacob in St. Jacob, Illinois. The $655.6 million-asset Bradford National said it completed its purchase of the $87.6 million-asset State Bank of St. Jacob on Feb. 28. The price wasn’t disclosed.
The combined institution is operating as Bradford National Bank.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
The Cybersecurity and Infrastructure Security Agency has issued a joint advisory with other federal agencies warning critical infrastructure to be on heightened alert for cyberattacks related to the Iranian conflict.
FinCEN and the banking agencies proposed new rules to “fundamentally reform” compliance with the Bank Secrecy Act by setting standards for what financial institutions should include in their anti-money laundering programs.
The FDIC board advanced proposed rulemaking to implement certain provisions of the Genius Act, including requirements for reserve assets, risk management, and stablecoin-related custodial and safekeeping services.
The full Tenth Circuit Court of Appeals has agreed to examine a three-judge panel ruling leaving in place a Colorado law that caps interest rates and fees on loans to state residents.
Americans lost nearly $20.9 billion to cybercrime last year, representing a 26% surge from the year before, as scammers increasingly turned to cryptocurrency and artificial intelligence to facilitate their crimes, according to a new report by the FBI.
The Trump administration is once again seeking to shrink funding for the CDFI Fund and redirect the remaining monies to rural communities.
