Nashville’s FB Financial makes deal to expand near Atlanta
The $381 million deal for Alabama-based Southern States Bancshares would give FB entree to the sprawling Atlanta market. CEO Christopher Holmes said the bank would likely focus on nearby suburban communities initially.
Banks say hold laws are helping stop elder financial abuse
A new survey shows banks overwhelmingly support state laws that let them pause transactions to prevent elder financial abuse, despite shortcomings.
DOJ appeals order that blocks Trump from dismantling CFPB
The Trump administration continues to battle the Consumer Financial Protection Bureau’s union by seeking a stay of a preliminary injunction that reinstated the CFPB’s workforce and contracts and preserved its data.
Community banks fill top jobs in March
Small lenders across the country, including Forte Bank in Wisconsin, promoted and recruited chief executives in recent weeks.
FDIC drops pre-approval for banks’ crypto activities
Banks can now engage in crypto without Federal Deposit Insurance Corp. approval, part of a broader Trump-era deregulatory push to integrate digital assets into traditional finance.
Rocket Companies to pay $9.4 billion for Mr. Cooper
The deal, expected to close by the end of 2025, will place Mr. Cooper CEO Jay Bray as president and CEO of Rocket Mortgage.
Undermining the CDFI Fund would be a grave mistake for the country
The Trump administration’s plan to reduce the performance of the Community Development Financial Institutions Fund would sacrifice the United States’ most cost-efficient investment in itself.
Trump family, Hut 8 to start bitcoin-mining venture
Hut 8 is launching American Bitcoin Corp. as a majority-owned subsidiary, focused exclusively on bitcoin mining and strategic bitcoin reserve development. Eric Trump will serve as American Bitcoin’s chief strategy officer.
How Trump’s auto tariffs are a turbo boost for BNPL
The administration’s 25% import tax on cars and parts can squeeze dealerships’ parts and service revenue, one of their largest profit centers. Buy now/pay later lenders could see a windfall.
U.S. Bank exec believed to have been killed in plane crash
Terry Dolan, U.S. Bancorp’s vice chair and chief administration officer, was likely killed Saturday in a plane crash near Minneapolis, the company said Sunday afternoon.