DALLAS – The Federal Home Loan Bank of Dallas announced yesterday that two of its credit union members were awarded $280,000 in affordable housing grants. The grants include a $200,000 award to MobilOil FCU, in Beaumont, Texas, which will administer a 20-unit project for Beaumont Habitat for Humanity; and $80,000 to First Delta FCU, in Marks, Miss., for a 12-unit project. The grants were part of $9.2 million awarded yesterday by the Dallas FHLB to help fund 65 projects providing 2,015 affordable housing units in five states.
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At a time of mild or nonexistent loan growth, middle-market borrowers in the Lone Star State are providing a boost to Fifth Third Bancorp and Huntington Bancshares.
April 19 -
New details have emerged about the negotiations that culminated in Capital One's blockbuster $35 billion agreement to acquire Discover. At one point last December, the two parties broke off discussions, according to a securities filing.
April 19 -
According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
April 19 -
The Alabama regional lender says it expects expenses to taper off this year and anticipates challenged loans will gradually rise to historically average levels.
April 19 -
Truist Financial's top executive leadership team announces departures; First Horizon's chief credit officer is retiring; Ferry teams with Highnote to roll out a new Visa-branded payroll card; and more in the weekly banking news roundup.
April 19 -
The Dallas-based regional bank tapped a client for its co-pilot capabilities, where employees can message a bot instead of a human to get tech assistance.
April 19