BancorpSouth of Tupelo, Miss., aims to strengthen its presence in
The deal, worth $61.3 million, would merge Wes-Tenn Bancorp into
The acquisition, which still requires approval from regulators and
"This allows us to expand and become a larger presence in west
Purchasing Wes-Tenn Bancorp, the parent company of Tennessee Community
The transaction would consist of a stock swap, exchanging 0.6296 share
Bank officials said they were attracted to Wes-Tenn Bancorp by its
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
The FDIC board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
The state's comptroller of public accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
