Press Release: Coleman County State Bank, Coleman, TX, Acquires Insured Deposits of The Santa Anna National Bank, Santa Anna, TX
PRESS RELEASE | JUNE 27, 2025 Coleman County State Bank, Coleman, TX, Acquires Insured Deposits of The Santa Anna National Bank, Santa Anna, TX WASHINGTON – The Santa Anna National Bank of Santa Anna, Texas, was closed today by the Office of the Comptroller of the Currency (OCC), which appointed the Federal Deposit Insurance Corporation […]
Regulators ease bank customer identification standards
New order lets banks use third-party data for customer ID, reducing paperwork for firms, but the idea has divided some in the industry.
Bank CEOs keep calm as end of tariff pause approaches
Time is running out for the 90-day pause on most of President Trump’s tariffs. But at least two bank CEOs are confident there won’t be a summer sequel to “Liberation Day.”
Banks cruise through Fed stress tests, earning capital break
The largest U.S. banks took less of a capital hit under the Federal Reserve’s hypothetical stress scenario than they did last year, but averaging the two sets of results could impact next year’s regulatory requirements.
GOP drops ‘revenge tax’ after Bessent announces agreement
Republicans pulled a $52B foreign bank tax after Bessent says he struck a global pact, easing industry fears.
Court denies Ripple’s request to reduce $125 million penalty
The company sought to pay far less than a New York court had imposed as a result of the lawsuit the SEC brought against it. In a twist, the new SEC leadership argued on the company’s side against the prior administration’s position.
Truist poaches commercial banking execs from rivals
Truist Financial is bulking up its commercial and corporate banking arm by hiring senior executives from rival firms and promoting from within; F.N.B. Corp launches a $46 million-dollar community development program focused on Main Street revitalization; buy now/pay later lender Affirm extends its partnership with Moore Capital through May 2027; and more in this week’s […]
Atlantic Union sells $2B CRE portfolio to Blackstone unit
In a deal that closes the loop on its transformative acquisition of Sandy Spring Bank, Atlantic Union Bankshares said it sold $2 billion in performing commercial real estate loans to Blackstone Real Estate Debt Strategies.
Texas targets surging mail theft and check fraud with new law
Texas’s SB 1281 introduces harsher penalties — up to life in prison — and targets check fraud as banks report rising financial crimes tied to stolen mail.
Former TD Bank employee pleads guilty to insider fraud
The Florida man admitted to opening over 100 fake TD Bank accounts in exchange for bribes, leading to $72,000 in fraud losses at the bank.