Tillis, Alsobrooks drop new stablecoin yield compromise
Sens. Thom Tillis, R-N.C., and Angela Alsobrooks, D-Md., have released compromise language on stablecoin yield for a long-awaited crypto market structure bill, clearing the way for a markup in the near future.
Georgia lender’s demise marks second bank fails this year
The FDIC moved quickly on Friday to sell $288 million in assets Community Bank and Trust – West Georgia to Anchor Bank, but the sale announcement leaves the fate of $27 million in uninsured deposits to be determined.
Press Release: Anchor Bank Assumes Insured Deposits of Community Bank and Trust – West Georgia, LaGrange, Georgia
PRESS RELEASE | MAY 1, 2026 Anchor Bank Assumes Insured Deposits of Community Bank and Trust – West Georgia, LaGrange, Georgia WASHINGTON—Community Bank and Trust – West Georgia of LaGrange, Georgia was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered […]
Powell is staying at the Fed: What to expect
Market watchers think Jerome Powell will maintain a low-key presence on the Fed board as he awaits the release of an inspector general report examining cost overruns at the central bank’s headquarters.
Banner to buy Pacific Financial, boosting presence in Northwest
Banner Bank is poised to merge with Bank of the Pacific in an all-stock deal valued at $177 million. The two Washington-based commercial banks both have branches in Washington and Oregon.
A struggling Florida bank changes CEOs, raises capital
BayFirst Financial in St. Petersburg named veteran Tampa-area banker Al Rogers as its CEO and announced an $80 million capital raise. The bank sold its SBA-lending business last year, but it’s still struggling to work through problems in its legacy loan portfolio.
Judge’s ruling is likely to scuttle San Diego credit union merger
San Diego County Credit Union won a court ruling that should help in its effort to get out of its deal to merge with a local competitor. A lawyer for SDCCU said he believes the judge’s decision “signals the end of any merger between the two institutions.”
Paystand aims a stablecoin at lingering holes in business automation
The B2B payments fintech contends the digital asset can wring inefficiencies out of corporate payments processing.
Lessons from a B2B BNPL failure in the UK
Hokodo, a British business-to-business buy now/pay later fintech, has shut down after eight years. Its closure offers important lessons about the future of the concept.
Ransomware victims got played by their own negotiators
The case exposes a systemic risk for banks: incident-response and ransomware-negotiation firms receive sensitive breach details that a corrupted insider can sell back to the attackers.