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Small bank's asset sale is opportunity zone's gain

American Banker

To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.

Alabama 62
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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227
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Google Pay Adds Support For 26 New Banks This Month

PYMNTS

On its support page, Google listed the new banks it added this month: Educational Community Alliance Credit Union . MidAmerica National Bank. Park Community Credit Union. Champlain National Bank. First Bank of Alabama. Sun Community Federal Credit Union. Exchange Bank. First Bank Hampton. Incommons Bank.

Google 109
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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. The tech company, which has 271 retail shops in the United States, has recently closed 47 stores again, CNBC reported.

Apple 131
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United in Alabama to enter new market with bank acquisition

American Banker

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]].

Alabama 66
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Fiserv Enables SNAP Online EBT Payment Acceptance For Grocers

PYMNTS

In addition to New York, the program is now available for SNAP recipients in Alabama, Arizona, California, Florida, Iowa, Kentucky, Nebraska, New York, Oregon and Washington. Eight additional states, Idaho, Minnesota, Missouri, Nevada, North Carolina, Texas, West Virginia, Vermont and the District of Columbia, are slated to be added in June.

Online 151
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Rebeca Romero Rainey: Create opportunities for new leaders

Independent Banker

I was driven by the goal of doing whatever I could do to make a difference in my community. I was inspired to deepen my engagement, better support our customers and expand our role in our community. Having that door opened to me unleashed a passion to do more to help community banks flourish. Where I’ll be this month.