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New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks

ABA Community Banking

Under a new law signed by Mississippi Gov. Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks. The post New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks appeared first on ABA Banking Journal.

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After buying bank accused of redlining, Cadence gets top CRA score

American Banker

The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. The bank, which attributes 31% of its loan portfolio to agriculture, opened loan production offices (LPOs) in Mississippi, Florida and Alabama. “We By Ed Avis. Methodology.

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A new dark cloud descends: Fifth Circuit panel rules that CFPB funding mechanism is unconstitutional

CFPB Monitor

At present, the Fifth Circuit’s decision is only binding on federal district courts in Texas, Louisiana, and Mississippi. In addition to the Federal Reserve, the OCC, FDIC, NCUA, and FHFA are not funded through appropriations.

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