Yahoo! Finance | Thursday, December 14, 2023

"United Bank has provided $350,000 in soft financing to The Gateway Companies for the new construction of Hill at Sand Mountain Apartments, a 56-unit multi-family affordable housing complex in Rainsville, Alabama. The soft financing is funded through United Bank's 2020 Capital Magnet Fund award from the CDFI Fund division of the US Treasury Department. United Bank is also providing $2.5 million in construction financing to the project through its participation in Synovus Bank's $11.9 million construction facility."

Wall Street Journal | Monday, December 11, 2023

"Homeownership has become a pipe dream for more Americans, even those who could afford to buy just a few years ago.

Many would-be buyers were already feeling stretched thin by home prices that shot quickly higher in the pandemic, but at least mortgage rates were low. Now that they are high, many people are just giving up."

American Banker | Monday, December 11, 2023

"Redlining has been around forever, and was even condoned by the government when the Home Owners Loan Corporation published maps circling 'hazardous' neighborhoods that banks should avoid.

Weblining is modern-day redlining by credit card, fintech, internet and other branchless banks paying high rates on the World Wide Web to vacuum up deposits without any required reinvestment."

Beneficial State Bank: Independent Banker | Wednesday, December 6, 2023

"From local scout troops to hospitals and housing development organizations, banking nonprofits have turned into big business for many community banks.

At Beneficial State Bank in Oakland, Calif., nonprofits account for 33% of the total client portfolio, encompassing nearly 1,000 different groups. 'It is really an important vertical for us,' says Mary Edmeades, vice president and client treasury manager at the $1.7 billion-asset community bank."

New York Times | Wednesday, December 6, 2023

"Former Speaker Kevin McCarthy, Republican of California, who made history as the first speaker to be ousted from the post, announced on Wednesday that he would leave the House at the end of the year but said he planned to remain engaged in Republican politics.

Mr. McCarthy's resignation, which he announced in an opinion essay in The Wall Street Journal, will bring to a close a 16-year stint in Congress in which he rose from a member of the self-proclaimed 'Young Guns' — Republicans driving to build their party's majority in the House — to the position second in line to the presidency."

Good Morning America | Wednesday, December 6, 2023

"After more than eight months since a devastating EF4 tornado swept through Rolling Fork, Mississippi, killing 15 people, destroying much of the city's homes and businesses, and displacing hundreds of its residents, hope is on the horizon.

Community leaders and charitable organizations have stepped up to work to rebuild the town together and get its residents back on track."

POLITICO | Tuesday, December 5, 2023

"Rep. Patrick McHenry announced Tuesday that he won't be seeking reelection, one of the most high-profile congressional GOP retirements of the year.

The North Carolina Republican, first elected in 2004, progressed over the course of his time in the House from conservative rabble-rouser to a well-liked lieutenant of former Speaker Kevin McCarthy. McHenry, 48, later served as acting speaker during the frenetic three-week search for a replacement following McCarthy's ouster."

FDIC | Wednesday, November 29, 2023

"Reports from 4,614 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reflect aggregate net income of $68.4 billion in third quarter 2023, down $2.4 billion (3.4 percent) from the prior quarter. First and second quarter income benefitted from non-recurring gains from the accounting treatment for the acquisition of the three large bank failures this spring. Excluding these one-time gains, net income would have been roughly flat for the past four quarters. These and other financial results for third quarter 2023 are included in the FDIC's latest Quarterly Banking Profile released today."

Digital Journal | Monday, November 27, 2023

"The Mission Driven Bank Fund, anchored by Microsoft and Truist, announces its first close of over $110 million. The more than 300 FDIC-insured Minority Depository Institutions and Community Development Financial Institution banks across the country are essential to expand access to financial services in unbanked and underbanked communities. The Fund will support MDIs and CDFIs through investments across assets, liabilities, equity, and off-balance sheet vehicles and offer technical services across strategic and operational areas. The Fund seeks to close the racial wealth and income gap by expanding financial access, creating a more inclusive banking system, and promoting bank resiliency for enduring change."

American Banker | Sunday, November 19, 2023

Congratulations to the CDBA members United Bank and BankPlus for being included in American Banker's Best Banks list!

"The leaders of the 90 institutions that made the list value a number of key workplace traits. Trust, transparency and leading by example were cited by some of the executives as a priority. Clear communication was also touted as essential as an employer of choice. Generous benefits, especially paid time off to volunteer, was also a common theme. And of course, a bit of fun was had at many of this year's winners."