American Bankers Mutual Insurance approaches $105 million in total distributions
American Bankers Mutual Insurance, the reinsurer for the ABA-endorsed insurance program, has declared a $3.8 million annual distribution to be...
Community Banking
Chair’s View: Core values in an ever-changing world
Caring about people is the essence of relationship banking, and it’s one of the things that, in my opinion, makes...
Bank acquisitions announced in Kansas, Iowa
PBT Bancshares in Kansas has applied to acquire Kanza Financial. Farmers Savings Bank in Iowa has agreed to buy Elgin...
CDFI, MDI leaders join Mission Driven Bank Fund advisory committee
The Mission Driven Bank Fund announced the appointment of its inaugural Mission Advisory Committee, comprised of seven industry leaders with...
FDIC: Percentage of unbanked households dropped slightly in 2023
Roughly 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households,...
ABA survey: U.S. consumers think Congress should hold credit unions accountable
U.S. consumers believe federal credit unions should be held accountable for meeting the same legal standards as the banks they...
Bank survey finds Gen Z seeks to build savings, credit
The top financial goal for most Generation Z adults is growing their savings, followed by building their credit and increasing...
FDIC debuts online tool to promote creation of minority banks
The FDIC has released a new online tool to help financial institutions, investors and others identify neighborhoods that could benefit...
Mid Penn Bancorp to buy William Penn Bancorp in Pennsylvania
Mid Penn Bancorp in Harrisburg, Pennsylvania, has agreed to buy William Penn Bancorp in Bristol. The deal is expected to...
Bank acquisition announced in Illinois, North Carolina bank to acquire fintech
Griggsville Bancshares in Illinois to buy Scott Morgan Bancorp; First Carolina Bank in North Carolina to purchase BM Technologies.
