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Congress Looks to Address Banking Access Shortfalls

Congress Looks to Address Banking Access Shortfalls

Banks signal support for bill that will encourage new banks to be formed in underserved areas
PPP Funds ‘Almost Exhausted’, Says SBA

PPP Funds ‘Almost Exhausted’, Says SBA

Alternative and non-bank lenders have featured prominently in the 2021 funding round
Crypto Bank Gets OCC Approval, ABA Objects

Crypto Bank Gets OCC Approval, ABA Objects

The OCC has conditionally approved Paxos National Trust for a banking charter
Banks buy up rival community lenders

Banks buy up rival community lenders

Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group
Virginia Community Bank Eyes Listing

Virginia Community Bank Eyes Listing

John Marshall Bank has reported record earnings for nine quarters in a row
Wells Fargo Backs Five Black-Owned Banks

Wells Fargo Backs Five Black-Owned Banks

The company has committed equity capital to 11 African-American Minority Depository Institutions to date
Several Major Bank Appointments were made last week at Banks Such as Willamette Valley, Oregon Pacific, and Centric Bank

Several Major Bank Appointments were made last week at Banks Such as Willamette Valley, Oregon Pacific, and Centric Bank

New C-suite appointment at Banc of California, while Wells Fargo announces HR leadership change
Business Lending Volume Is Low Even While Economists Are Optimistic and Consumer Spending Is High

Business Lending Volume Is Low Even While Economists Are Optimistic and Consumer Spending Is High

Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase
ABA Pushes Back on Branch Closure Report

ABA Pushes Back on Branch Closure Report

Association responds to recent NPR report on the closure of bank branches
Eastern Bank, Century Bank Agree to $642M Merger

Eastern Bank, Century Bank Agree to $642M Merger

Plus: BMO sells asset management arm; Western Alliance completes AmeriHome acquisition
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