FDIC: The Farmers State Bank of Oakley, KS Assumes All Deposits of Small Business Bank, Lenexa, KS
Small Business Bank in Lenexa, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with The Farmers State Bank of Oakley, Kansas, to assume substantially all deposits and purchase certain assets of Small Business Bank. …
ABA: Officers Nominated for 2026-2027
The American Bankers Association’s Nominating Committee has finalized the official slate of officers to be presented for election at the association’s annual meeting scheduled for Oct. 27 in Salt Lake City. The committee, chaired by John C. Asbury, chief executive officer, Atlantic Union Bankshares Corp., Richmond, Va., nominated the following candidates for ABA officer positions:…
CDFI Fund: Beware of Fraud Attempts Using Fictitious CDFI Fund Communications and Accounts
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) would like to make the public aware of fraudulent social media profiles, email accounts, text messages, and phone numbers that attempt to impersonate or otherwise associate themselves with the CDFI Fund. Although the precise platforms and messages vary, these imposters provide false…
FDIC: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association
Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana (no affiliation with Kentland Federal Savings and Loan Association) to purchase substantially…
SBA: 10 Semifinalists in Freedom 250 Patriot Pitch Competition Announced
National Freedom 250 contest spotlights small businesses driving innovation, creating jobs, and strengthening communities across America Today, the U.S. Small Business Administration (SBA) announced the 10 semifinalists advancing in the Patriot Pitch Competition, the agency’s premier Freedom 250 initiative celebrating 250 years of American free enterprise and the small businesses that drive innovation, create jobs, and generate economic…
SBA: Small Businesses Now Eligible for $10 Million in SBA Financing
New SBA Policy Allows Borrowers to Combine 7(a) and 504 Loans to Double Available Capital Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration(SBA), announced that SBA borrowers may now combine their 7(a) and 504 loans for up to $10 million in SBA-backed financing, an increase from the previous cumulative loan limit of $5 million….
SBA: USDA & SBA Sign MOU to Combat Lawfare Against Farmers, Ranchers, and Small Businesses
New Partnership Gives Producers a Direct Line to Report Costly Regulations and Advance Lasting Reform Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) signed a Memorandum of Understanding (MOU) to combat lawfare targeting farmers, ranchers, rural communities, and small businesses. The agreement gives America’s producers a direct line to report the regulations and…
HUD: “Made in America” Theme Unveiled for Innovative Housing Showcase 2026
Sixth Annual Showcase returns to the National Mall September 22nd-24th Secretary Turner announced the “Made in America” theme for HUD’s sixth annual Innovative Housing Showcase, returning to the National Mall in Washington, D.C. September 22 – September 24, 2026. The Freedom 250 event will showcase American innovations that can help expand housing supply, lower construction…
SBA: Registration Now Open for America’s Seed Fund Summit
Month-long Summit Will Connect Entrepreneurs to Country’s Largest Source of Early-Stage Research and Development Funding Today, the U.S. Small Business Administration announced that registration is now open for America’s Seed Fund Summit, which will take place from July 1 to July 31. The month-long summit will feature a national series of virtual webinars and in-person events designed to connect entrepreneurs,…
FFIEC: Statement Issued on Promoting De Novo Depository Institution Formation
The Federal Financial Institutions Examination Council, on behalf of its member entities, released a statement on promoting de novo depository institution formation. The statement includes agency-specific resources for applicants. The statement should not be interpreted as new instructions; instead, it offers further transparency into the de novo formation process. The statement and links to the…