NewsWatch Today

ICBA continues to distinguish community banks from larger and riskier financial institutions among policymakers and the news media in the wake of recent large bank failures, ICBA President and CEO Rebeca Romero Rainey said in a weekend alert to community bankers.

The FDIC announced a purchase-and-assumption agreement with Flagstar Bank of Hicksville, N.Y., for substantially all deposits and certain loan portfolios of Signature Bridge Bank.

The Financial Services Information Sharing and Analysis Center’s latest weekly risk summary warns that community institutions should anticipate that cybercriminals will attempt to capitalize on uncertainty following the collapse of Silicon Valley Bank.

President Joe Biden called on Congress to authorize tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.

With the National Credit Union Administration meeting today on a rule to relax restrictions on issuing subordinated debt, a former NCUA official raised concerns in a recent blog post.

The Federal Reserve is scheduled to launch its FedNow Service in July, Fed officials announced at ICBA LIVE 2023 in Hawaii.

Amid a series of developments following the closure of Silicon Valley Bank on Friday, ICBA said it is ensuring the community banking voice is being heard while it reminded consumers they can bank with confidence at a community bank.

The House Financial Services Committee kicked off its efforts to reauthorize the National Flood Insurance Program before it expires Sept. 30.

The Consumer Financial Protection Bureau requested feedback on the economic impact of its mortgage loan originator rules on small mortgage companies.

ICBA and other groups called on Congress to oppose the more than $4 trillion in proposed tax increases targeting Main Street businesses in the Biden administration’s new fiscal 2024 budget.

The latest episode of ICBA’s “Independent Banker” podcast spotlights cybersecurity collaborations and how to turn vendor relationships into true partnerships to maximize value.

The USDA’s portion of the Biden administration’s proposed fiscal 2024 budget would provide $5.6 billion in guaranteed farm operating and ownership loans, the same amount USDA recommended for the 2023 budget cycle.