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Regions Bank to shutter three mortgage-only branches

American Banker

Offices impacted are located in Chicago, Cincinnati and Kansas City, a company representative said Wednesday.

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Fed Looks To Small Banks To Bail Out SMBs

PYMNTS

The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. One such bank is New Jersey-based OceansFirst, with its 118-year-old history and assets numbering $10.2 billion in the small town of Toms River.

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Small banks: Big challenges and big opportunities

Abrigo

The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. Balance runoff is picking up speed, according to financial consulting firm Curinos.

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FOMC’s Annual Rotation Portends More Hawkishness

TrustBank

The FOMC is composed of 12 members — the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. The other four voting positions are typically filled each year on a rotating basis from the remaining presidents of the other regional Reserve Banks. We had no idea how right we would be.

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Regional Fed Presidents to Testify Before House Panel Next Week

American Banker

Kansas City Federal Reserve Board President Esther George and Richmond Fed President Jeffrey Lacker will testify before a House panel on Wednesday.

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PetSmart Continues Brick-And-Mortar Expansion With More Store Openings

PYMNTS

In a press release, the company said the latest expansion efforts add to the 35 new stores launched during the first half of the fiscal year, bringing the total count of store openings in the region to 63 stores. New store openings in Canada can be found in Ontario and Saskatchewan.

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Non-performing ag loans increase, says lender survey

Abrigo

Agricultural lenders are reporting increases in non-performing farms loans and decreased farmland values, according to the latest Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics. although more than half came from the Plains region.

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