The Illinois Department of Financial and Professional Regulation closed Metropolitan Capital Bank & Trust last week and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The F...
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The parent company of Salina, Kansas-based Bennington State Bank (BSB) acquired Flint Hills Bank, based in Eskridge, Kansas. This strategic acquisition will expand Bennington State Bank’s presenc...
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Delaware Gov. Matt Meyer recently nominated Lisa Collison to serve as the next state bank commissioner. “Delaware’s financial strength depends on strong, fair, and forward-looking oversight,â€...
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Rhode Island-based Washington Trust, one of the oldest community banks in the United States, recently added a dedicated institutional banking team to serve cultural institutions, healthcare and human-...
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U.S. Treasury Secretary Scott Bessent announced initiatives he said will strengthen and safeguard the financial system in Minnesota and prevent benefit fraud in that state. Bessent comes after Pre...
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California-based fintech Mercury recently submitted an application with the Office of the Comptroller of the Currency for a national bank charter and applied for federal deposit insurance with the Fed...
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Colorado Gov. Jared Polis recently sent a letter to U.S. Treasury Secretary Scott Bessent urging the federal government not to suspend the easy-to-use Direct File tool. Direct File allowed resident...
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The parent company of Pinnacle Bank recently announced plans to acquire another Georgia community bank, Morris Bank. Under the terms of the agreement, unanimously approved by both boards, each outs...
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New Jersey -based SR Bancorp, the holding company for Somerset Regal Bank, named a new CEO to replace its retiring chief executive. Current SR Bancorp CEO William Taylor announced his retirement ...
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Officials at the U.S. Department of Justice said the former Eagle, Idaho-based president and CEO of a public company has pleaded guilty to insider trading. According to the DOJ, Michael Smith, 48,...
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