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The CFPB has filed its opposition to the motion for a preliminary injunction filed by the plaintiffs in the Kentucky federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The plaintiffs in the Kentucky lawsuit are the Kentucky Bankers Association and several Kentuckybanks.
Y-12 Federal Credit Union in Oak Ridge, Tennessee, said it would acquire First State Bank of the Southeast in Middlesboro, Kentucky. It was the 19th such deal announced this year.
In the wake of the devastating tornadoes that struck Kentucky and other mid-South states over the weekend, the ABA Foundation has partnered with the Kentucky Bankers Association to support relief efforts. At KBA’s request, the ABA Foundation is collecting donations from across the country to support the Kentucky Bankers Relief Fund.
Louisa CommunityBank of Louisa, Kentucky also shuttered on Oct. 25, and the assets were purchased by Kentucky Farmers Bank Corporation in Catlettsburg, Kentucky. As of June 30, Louisa CommunityBank had approximately $29.7 It had one branch with $27.1 million in total assets and $26.2
For the last few years, SouthState Bank Correspondent Division has been hosting lender lunches across the country. Lenders Lunch Material We typically host these lunches for 10 to 20 banks and have anywhere from 20 to 40 bankers in attendance. For example, we highlight that the 80/20 profitability rule does not apply in banking.
The latest issue of the FDIC Quarterly explores loan performance at communitybanks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights communitybank performance in manufacturing states appeared first on ABA Banking Journal.
If communitybanks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. So, how can communitybanks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.
We had a joke in Elizabethtown, Kentucky. When they broke ground on a new building, we’d say it’s either McDonalds or another bank. These days, you don’t see many new banks being built. As a matter of fact, there have been more banks acquired in the past five years than built. I live in the middle of small-town USA.
The Kentucky Bankers Association has activated its Disaster Relief Fund to provide financial support to bank employees affected by recent flooding in the state. The post Kentucky Bankers Association seeks donations to assist in flood relief efforts appeared first on ABA Banking Journal.
10-11, 2021, a violent line of tornados moved across several states, including Kentucky, Tennessee, Arkansas, Illinois and part of Missouri, leaving a 250-mile path of devastation in their wake. Western Kentucky took the brunt of the damage. The storms destroyed homes and businesses, killing more than 75 people.
From equine lender to civic leader, ABA Treasurer Luther Deaton is a consummate Kentucky banker. The post The Bluegrass Banker appeared first on ABA Banking Journal.
From equine lender to civic leader, ABA Treasurer Luther Deaton is a consummate Kentucky banker. The post The Bluegrass Banker appeared first on ABA Banking Journal.
MainSource Financial Group in Greensburg, Ind., has agreed to buy FCB Bancorp in Louisville, Ky., for about $56.9 The cash-and-stock transaction is expected to close in the second quarter.
It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets communitybank with 22 branches that encircle the Seattle Sound. It is the $888 million holding company for Plumas Bank. The bank operates thirteen branches, eleven in northern California and two in Nevada.
plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill. Commerce Union Bancshares in Brentwood, Tenn.,
During the company's second-quarter earnings call, CEO Jim Ryan acknowledged employees' "resiliency and their commitment to supporting one another" after a gunman opened fire on a Louisville, Kentucky, branch in April.
The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued an enforcement action against Hazard Bancorp in Kentucky.
Chris Vogt of the Wisconsin Badgers NCAA basketball team presents an anonymous donation to First KentuckyBank officials. We’re not thought of as ‘tornado alley’ around here, at least not before this,” says Stacy Overby, senior vice president of $535 million-asset First KentuckyBank in Mayfield, Ky. A beacon of light.
Mike Duncan had kept a low profile as chairman of the U.S. Postal Service’s board of governors until it hired Louis DeJoy as postmaster general. Now he is sharing an unwanted spotlight with the embattled DeJoy.
“(We) feel that this round of funding gives us the ability to continue to achieve our vision of providing communitybanks and credit unions with software that is simple to use and affordable.” Onovative says the funds will go toward “fuel(ing) sales growth and product development.”
Two percent is a big matzah ball out there to overcome and compete with Ally Bank. I'm bullish on communitybanking. Communities are beginning, ever so slowly, to recognize that the local bank is more important to the success of the community than the national bank. But it's not a slam dunk.
That’s aimed at communitybanks and credit unions, a move meant to rectify a flaw in the first appropriation, where mom-and-pop businesses found themselves crowded out of PPP funds by larger “small” businesses that worked with big banks. .
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