FDIC & Banks News Monitoring

Bank Failures For All

This is a web version of The Lever’s daily email newsletter. Today in The Lever: Trump just granted his billionaire crypto/AI czar an ethics pass. 👇 Spend four minutes reading this 992-word newsletter to learn about:  Trump’s plan to jack up your …

A Crypto-Friendly Pivot in Bank Supervision: Three Practical Action Items for Innovators

A federal banking agency, the Office of the Comptroller of the Currency (OCC), has smoothed the way for national banks and federal savings associations to engage in crypto-related activities with the issuance of Interpretive Letter 1183 on March 7, 2025. …

Preferred Bank Announces Approval to Continue Share Repurchase Plan

LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase …

Local banks are not yet ready to introduce cryptocurrencies

Despite the continuous evolution and diversification of banking products and services, the cryptocurrency market remains an area that the national banking industry is reluctant to embrace due to high risks and lack of regulation. Puerto Rico is no …

Analysis-Fintechs and crypto companies seek bank charters for growth

By Nupur Anand NEW YORK (Reuters) - Financial technology firms and crypto companies are seeking to become state or national banks in a bid to expand their business under the Trump administration that they view as more industry-friendly, according to more …

Your bank account loyalty could be costly

PHOENIX (AZFamily) — If you’re still using the same bank account you opened decades ago, your loyalty could be costing you money every year. A recent Bankrate survey shows, on average, people with checking accounts have had the same account for 19 years. “ …

FAU Data Analysis: Unrealized Losses at Banks Surge by $117 Billion

Unrealized losses on investment securities at banks in the United States rose in the last quarter of 2024 as interest rates rose during the quarter, according to an analysis by a finance professor at Florida Atlantic University. Unrealized losses on …

Springhill has sprung: Regions Bank unveils latest investment in Louisiana

24  Regions Bank on Tuesday unveiled its newly constructed full-service branch in Springhill with a ribbon-cutting that builds on the bank’s legacy of service to Louisiana. The Springhill-North Webster Chamber of Commerce attended the ceremony as the …

OakNorth to acquire Community Unity Bank in US expansion move

By Gloria Methri Today Acquisition News business lending Community Unity Bank OakNorth, the UK-based commercial digital bank, is set to acquire Community Unity Bank (CUB), the FDIC-insured bank based in Birmingham, Michigan, in a stock-for-stock …

ChoiceOne Financial Services, Inc. Completes Successful Consolidation of ChoiceOne Bank and The State Bank

SPARTA, Mich., March 17, 2025 /PRNewswire/ -- ChoiceOne Financial Services, Inc., (NASDAQ: COFS) ("ChoiceOne"), the parent company of ChoiceOne Bank, announced the successful consolidation of The State Bank with and into ChoiceOne Bank on …

Square Financial Services Obtains FDIC Approval to Offer Consumer Loan Product Cash App Borrow

Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. SFS is an independently …

FDIC may reverse Biden-era policy on bank mergers

World News | Trump Names Bowman as Top Federal Reserve Bank Regulator

Washington, Mar 18 (AP) President Donald Trump on Monday nominated Michelle Bowman to oversee the Federal Reserve's financial regulatory efforts, a move that could lead to looser rules for large banks. Bowman was appointed by Trump in 2018 to serve on …

Trump names Michelle Bowman as top Federal Reserve bank regulator

Michelle Bowman. File | Photo Credit: Reuters President Donald Trump on Monday (March 18, 2025) nominated Michelle Bowman to oversee the Federal Reserve's financial regulatory efforts, a move that could lead to looser rules for large banks. Ms. Bowman …

Trump names Bowman as top Federal Reserve bank regulator

President Donald Trump on Monday nominated Michelle Bowman to oversee the Federal Reserve's financial regulatory efforts, a move that could lead to looser rules for large banks. Bowman was appointed by Trump in 2018 to serve on the Fed's governing …

Mercury to pivot from partner bank Evolve

Fintech Mercury is ending its relationship with partner bank Evolve Bank & Trust and will migrate its customers to the fintech’s other partner banks.  Mercury is working with Evolve to ensure a smooth transition for the small percentage of customers …

UK's OakNorth to acquire Detroit-area community bank

The U.K.-based OakNorth plans to hit the gas on its U.S. expansion effort by acquiring a community bank in Birmingham, Michigan, a Detroit suburb. Adobe Stock London-based digital-first bank OakNorth plans to widen its U.S. beachhead by purchasing a …

OakNorth accelerates US push with acquisition of Michigan bank CUB 

Digital lender OakNorth is pushing forward with its US expansion with the acquisition of Michigan-based Community Unity Bank (CUB).  The London-based fintech has been looking to expand its presence across the Atlantic, having received authorisation last …

OakNorth Deepens Support For US Lower Mid-Market Businesses With Acquisition Of Michigan-Based Community Unity Bank

OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock …

Cambridge Indivisible Hosts “The People’s Town Hall” in Response to Rep. Andy Harris’ Absence

Residents hold a town hall without Rep. Andy Harris, featuring a “missing” milk carton in his place. Join us March 22 at Mace’s Lane Middle School. CAMBRIDGE, MD, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- Cambridge Indivisible Hosts “ …

Marie Wetherell: Law School Graduate Now Building a Career On-Screen

AUSTIN, TX, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- Actress Marie Wetherell is proving a career pivot can be the perfect catalyst for following your dreams. While attending the University of Idaho College of Law, Marie experienced a …

International Investors Benefit from B-BBEE in South Africa – Brand SA Challenges Mainstream Narratives

South Africa is facing international criticism on various fronts regarding its Black Economic Empowerment policies. This criticism is rooted in misinformation. JOHANNESBURG, GAUTENG, SOUTH AFRICA, March 18, 2025 /⁨EINPresswire.com⁩/ -- …

DOD Suspends Project Labor Agreements: What It Means for Workers and Taxpayers

PHILADELPHIA, PA, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- The Department of Defense has announced the suspension of Project Labor Agreements on large-scale federal construction projects. This threatens to undermine workplace safety, …

‘Age of Secrets’ Biography on John Meier Exposes the Hidden Death of the World's Richest Person Howard Hughes

John Meier was the Only Person to Call for a Congressional Hearing and Investigation Into the Death of Howard Hughes NEW YORK, NEW YORK, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- "Age of Secrets: The Conspiracy that Toppled …

Tipping Point Military Innovation Unveils Major Improvement to IVAS for Coordinated Targeting

TPMI enhances IVAS with AI-powered coordinated targeting, boosting battlefield efficiency and lethality for U.S. Army squads. ORLANDO , FL, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- Tipping Point Military Innovation (TPMI), a leader in …

Partners in PROMISE Calls for Policy Reforms to Support Military-Connected Families with Disabilities

Partners in PROMISE® urges policymakers to fix gaps in special education & healthcare for military kids with disabilities. NORFOLK, VA, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- Partners in PROMISE®, a leading advocate for military …

Students Shine with Innovative Solutions at Newsmatics' Inaugural Hackathon; Winning Team Takes Home 25,000 CZK

Student Teams Excel in Newsmatics Hackathon with Projects on Fake News Detection, Market Analysis and More WASHINGTON, DC, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- In an inspiring display of creativity and technical prowess, students from …

SCAN Group Advocates for Expansion of PACE; Testifies at Nevada Senate Committee on Health and Human Services in Support ...

LONG BEACH, CA, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- On Tuesday, March 11, 2025, Kelsey Avery, Director of State Government Affairs at SCAN Group (SCAN), a not-for-profit healthcare organization that includes SCAN Health Plan, one …

Betsy Craig, MenuTrinfo® CEO, appointed Chair, Allergy Committee of the Make America Healthy Again Coalition

Craig has passionately advocated for allergy awareness for over 15 years, aligning with MenuTrinfo’s commitment to transparency and excellence in foodservice. COLUMBIA, MD, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- MenuTrinfo® CEO …

Attorney General Pamela Bondi Welcomes President Donald J. Trump to the Justice Department

On Friday, March 14, 2025, Attorney General Pamela Bondi welcomed President Donald J. Trump to the Justice Department. Both President Trump and Attorney General Bondi delivered remarks, as did FBI Director Kash Patel and Deputy Attorney General Todd …

Wealthy Miami Man Pleads Guilty to Decades-Long Scheme to Defraud the IRS

A Miami man pleaded guilty yesterday to conspiring with others to defraud the United States by concealing millions of dollars in assets and income in undisclosed Swiss bank accounts. According to court documents and statements made in court, between 1985 …

Justice Department Files Statement of Interest Supporting Equal Access to Educational Opportunities and Facilities for ...

The Federal Task Force to Combat Antisemitism announced that the Justice Department filed a statement of interest in the Central District of California to advance the appropriate interpretation of federal laws that prohibit colleges and universities from …

Former Principals of Aerospace Start-Up Charged with Fraud and Tax Crimes

An indictment was unsealed today charging five former principals of Theia Group Inc., a Washington, D.C.-based aerospace start-up company, with conspiracy and fraud. According to the indictment, Erlend Olson, John Gallagher, Stephen Buscher, Joseph …

AI-Voice Consumer Surveys -- OptusApp Invites Investors to Join the Journey

OptusApp welcomes potential investors on its journey, and launches a ground breaking cost-down AI Voice driven service for the housing sector. LONDON, UNITED KINGDOM, March 18, 2025 /⁨EINPresswire.com⁩/ -- AI-Voice Consumer Surveys -- OptusApp …

NordSpace Announces SHARP Program, Canadian Hypersonic and Space Research Systems for Defence Applications

MARKHAM, ONTARIO, CANADA, March 18, 2025 /⁨EINPresswire.com⁩/ -- NordSpace, a Canadian space technology company working to develop the nation's first orbital space launch vehicle and operational commercial spaceport, unveiled its SHARP ( …

Profit-Driven Policies on Waste are Fuelling Global Inequality

Policies around waste management and processing are making global inequalities worse. A leading environmental expert is calling for change. NEW YORK, NY, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- Policies around waste management and …

Applications Now Open for Youth Summer Jobs with Parks and Recreation

Check out some of the awesome opportunities we have for youth employment at the Parks Department this summer! With so many SuccessLink youth employment opportunities in parks across the city, we wanted to make sure to put them all in one place. For …

NTTRDirectory.com Unveils Exclusive Truck Repair Forum: A Game-Changer for Industry Collaboration

NTTRDirectory.com launches a truck repair forum, fostering industry collaboration, knowledge-sharing, and real-time problem-solving for professionals. PHOENIX, AZ, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- NTTRDirectory.com, the …

Financial Expertise in Long-Term Care: Insights from Andrew Haley

MECHANICSBURG, PA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- As global populations age, the demand for long-term care solutions continues to rise, creating financial challenges for individuals and families. In an exclusive interview …