Community bank net income fell 6.5% in the fourth quarter and was down 2.4% in 2024 from the previous year, according to the FDIC’s latest Quarterly Banking Profile.
ICBA’s recent letter urging the Trump administration to advance several needed reforms is essential to supporting community banks while avoiding unintended consequences, ICBA President and CEO Rebeca Romero Rainey said this week.
ICBA urged the Trump administration to advance key policies under its “Repair, Reform, and Thrive” plan to continue advancing policies that support community banks.
ICBA is calling on community bankers to tell their members of Congress to support legislative efforts to stop the Consumer Financial Protection Bureau's overdraft rule.
With auto company Stellantis last week applying to form an industrial loan company in Utah, the number of pending ILC applications now stands at three.
A new op-ed from Community Bankers Association of Illinois Chairman David Stanton calls on policymakers to tax credit unions like every other business in the state.
Following a court decision, the Financial Crimes Enforcement Network announced that beneficial ownership information reporting requirements are back in effect, with a new deadline of March 21 for most companies.
President Donald Trump issued an executive order requiring independent agencies to submit rules to the White House before publishing them in the Federal Register.
