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Home » Industry » Page 2

Industry

U.S. Bank expands with new hires in Florida, Georgia, Texas and Arizona

By Dave Kovaleski   |   September 2, 2026   |   Featured

U.S. Bank is expanding its presence in the key markets of Florida, Georgia, Texas and Arizona with new business banker hires.  This marks the first time that the bank has placed business bankers i...

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SEC, FDA sign agreement to share information on regulated products, activities

By Melina Druga   |   September 2, 2026   |   Federal

The Securities and Exchange Commission (SEC) and the Food and Drug Administration (FDA) recently entered into a memorandum of understanding that will facilitate the exchange of information regarding F...

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Business coalition urges passage of bipartisan penny legislation

By Liz Carey   |   September 2, 2026   |   Federal

A coalition of more than 200 national and state associations representing Main Street businesses across the country is urging the U.S. House of Representatives to pass legislation about the penny. ...

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NextTier Bank completes merger with Ohio-based Riverside Bank

By Dave Kovaleski   |   September 2, 2026   |   Industry

NexTier Bank, which operates in Western Pennsylvania, Western New York, and Central Ohio, has completed its merger with Riverside Bank of Dublin, Ohio. With the Riverside Bank assets merged into it...

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SEC proposes amendments to Exchange Act Rule 3a12-8

By Liz Carey   |   September 1, 2026   |   Federal

The Securities and Exchange Commission (SEC) has proposed amendments to Rule 3a12-8 that would add the debt obligations of the European Union to the list of foreign government debt obligations designa...

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First Financial Bank to acquire Illinois-based Hickory Point Bank

By Dave Kovaleski   |   September 1, 2026   |   Industry

First Financial Bank is buying First Illinois Corporation, the holding company for Hickory Point Bank and Trust, in a stock/cash transaction valued at approximately $111.3 million. First Financial ...

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FDIC, OCC issue final rule for banks on risks and compliance issues

By Dave Kovaleski   |   September 1, 2026   |   Featured

The U.S. Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a final rule for banks related to financial risks and compliance with banking regul...

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SEC charges 38 entities with providing false claims on forms

By Melina Druga   |   August 31, 2026   |   Federal

The Securities and Exchange Commission (SEC) recently charged 38 entities with violating Sections 204(a) and 207 of the Investment Advisers Act of 1940. According to the complaints filed in the Uni...

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Senators introduce bill to return insurance authority to states

By Liz Carey   |   August 31, 2026   |   Featured

U.S. Sens. Marsha Blackburn (R-TN), Ted Cruz (R-TX), Mike Lee (R-UT) and Rand Paul (R-KY) have introduced legislation that would return sole regulatory authority over the insurance industry to the s...

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Pontiac Bancorp to buy Illinois-based Ottawa Bancorp

By Dave Kovaleski   |   August 28, 2026   |   Industry

Pontiac Bancorp in Illinois, which owns Bank of Pontiac, is acquiring Ottawa Bancorp, the holding company of OSB Community Bank. OSB Community Bank will be merged into Bank of Pontiac and the survi...

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Cannabis Banking

  • Bill to provide cannabis businesses with banking services introduced in House
  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses

Digital Currency

  • SEC issues temporary exemption to facilitate the trading of tokenized stocks
  • House Ways and Means Committee advances bill to alter tax code for digital assets
  • Senate votes down CLARITY Act cryptocurrency bill
  • Enova withdraws bid to acquire digital bank Grasshopper
  • Brazil-based Nu launches banking, financial products in United States
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