Twin Cities credit unions to merge this summer
Coon Rapids, Minn.-based Anoka Hennepin Credit Union plans to merge with Maple Grove, Minn.-based TopLine Financial Credit Union this summer. [Continue]
West central Illinois banks to merge
Monmouth, Ill.-based Western Illinois Bancshares is acquiring Princeville, Ill.-based Main Street Bancorp in an all-stock deal, local media reported on April 26. [Continue]
UMB Financial to acquire Heartland Financial
Kansas City, Mo.-based UMB Financial is acquiring Denver-based Heartland Financial in a $2 billion stock deal. [Continue]
Midwest BankCentre opens first innovation branch
Suburban St. Louis-based Midwest BankCentre opened its first full-service, cashless bank last year in the north St. Louis metro city of Dellwood. [Continue]
Bond losses, uninsured deposits sink Philadelphia’s Republic First Bank
Philadelphia-based Republic First Bank failed April 26. [Continue]
GDP up 1.6 percent in Q1
Gross domestic product increased at an annual rate of 1.6 percent in the first quarter of the year, according to the Bureau of Economic Analysis. [Continue]
FTC bans noncompete agreements
The Federal Trade Commission recently banned companies from enforcing noncompete agreements. [Continue]
Bankers list inflation, regulations and real estate as top risks
Most bankers see inflation, policy uncertainty and real estate as their top financial liabilities, according to a Federal Reserve report. [Continue]
Report: CRE risks based on property type, geography
Broad-based commercial real estate risk measures do not capture the full picture of risks to individual banks, according to a report from the Kansas City Fed. [Continue]
Bank executives concerned over CFPB overdraft fee proposal
Community bankers are concerned over the Consumer Financial Protection Bureau’s plan to lower overdraft fees, according to IntraFi’s business outlook survey of CEOs, presidents, CFOs and chief operating officers from nearly 500 banks. [Continue]