BankNews.com

#BankNews is your premier source for independent news and commentary on community banking.

[BankNews.com @bankbeat]

Senate lawmakers recently introduced a bill that would require banking agencies to review partnerships between fintechs and community and regional banks to evaluate their impact on communities.
https://t.co/gBcBAPYay1

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The Consumer Financial Protection Bureau recently overhauled its consumer complaints process to cut down on alleged abuse and to increase efficiency.
https://t.co/zJ1acjXdDA

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Kansas City, Mo.-based Commerce Bank is acquiring global boutique investment banking firm Nolan & Associates, St. Louis.
https://t.co/rRfoobcJSS

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Baxter-based MidMinnesota Federal Credit Union is acquiring a branch in the central part of the state from Unity Bank, Augusta, Wis.
https://t.co/fwmSqAI5ps

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Muncie, Ind.-based First Merchants Bank and the National Community Reinvestment Coalition recently reached a more than $2 billion, five-year Community Benefits Agreement.
https://t.co/7yer2X3jZ9

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Treynor, Iowa-based TS Bank hired Michael Dentlinger as vice president of ag and business banking.
https://t.co/xZyCQHjfPq

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Marcos Vega joined Madison, Wis.-based First Business Bank as senior vice president-director of specialty deposits.
https://t.co/ClzYVaqua5

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Mattoon, Ill.-based First Mid Bank & Trust donated $25,000 to Young House Behavioral Health in Burlington, Iowa.
https://t.co/s4envEAzZq

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Shawnee, Okla.-based Sovereign Bank is expanding in the southern part of the state by acquiring Leader First Bancorp, according to the Lawton (Okla.) Constitution.
https://t.co/a0GunLU6QE

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"Students of economics and American history will be studying the Greenspan Fed for centuries to come," said Publisher/Editor Tom Bengtson. "What an honor that I got to see much of it first hand during the first half of my career."
https://t.co/cljL4ft2Go

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Banking leaders expect and are preparing for artificial intelligence to “significantly disrupt” their operating and business models in the next five years, according to audit, tax and advisory firm KPMG LLP.
https://t.co/XRtygaUOKf

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Fitzgerald, Ga.-based Colony Bankcorp is expanding in the southeast by acquiring First Reliance Bancshares, Florence, S.C., in a $163 million, stock-and-cash deal.
https://t.co/EuCxnzFYzO

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Spirit Lake, Iowa-based Bank Midwest donated $10,000 to the Sheldon Jackson Outreach Center in Jackson, Minn.
https://t.co/vxiJmzwD2s

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Spencer, Iowa-based Northwest Bank hosted its annual Community Shred Day on June 5, raising $2,530 for the Family Crisis Centers.
https://t.co/XTK1346NtY

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A bill introduced last week would allow banks to extend holds on suspicious checks and wire transfers in cases of potential fraud.
https://t.co/2LVOeIL5GW

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Hancock, Mich.-based Keweenaw Financial Corp. and Range Financial Corp., Marquette, Mich., plan to merge in an all-stock transaction.
https://t.co/BM8JThWwwd

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For years, the conversation around stablecoins in financial services carried an undercurrent of anxiety. Would digital assets displace traditional institutions? Would blockchain-native infrastructure make banks irrelevant?
https://t.co/lfOp9cOqfc

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Hillsdale, Mich.-based County National Bank promoted Delesha Padula to vice president-chief banking officer, and hired Robin Dick as VP-chief risk officer along with Shaunna Padgett as VP-chief innovation officer.
https://t.co/xEVss23dod

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The Senate passed a housing bill with multiple regulatory reforms for community banks on June 22.
https://t.co/x2v6Jf9Pd5

[BankNews.com @bankbeat]

Community banks continue to lean into their ability to build trust and strong personal relationships with customers. This is a differentiator that the nation's largest retail banks have been losing ground on in recent J.D. Power studies.
https://t.co/8TzXmLak0g