Handling Sensitive Exam Information

The federal banking agencies have announced a coordinated approach for handling sensitive information used in bank examinations, including a new pledge to notify banks about data breaches that threaten to expose that information.

Kansas Bank Closed

Kansas regulators have closed Small Business Bank of Lenexa, Kansas, and appointed the FDIC as receiver. The Farmers State Bank of Oakley, Kansas, agreed to assume substantially all deposits and purchase certain assets.

On the latest episode of the ABA Banking Journal Podcast, ABA economist Dan Brown discusses the recent release of Home Mortgage Disclosure Act (HMDA) data for 2025. Listen in as Brown examines notable trends, including the varying composition of bank mortgage loans in different regions, where banks face the stiffest nonbank competition in the mortgage market, a recent rebound in refinancings and a growing generation gap in homebuying activity.

Uwharrie Bank Helps Raise $52,700 for Stanly County Neighbors

Stanly Community Christian Ministry’s recent “$10K in 10 Days” fundraiser brought in an impressive $52,700 to support neighbors in need—with Uwharrie Bank matching the first $20,000 contributed. The funds will help SCCM continue providing food, free community meals, clothing and emergency financial assistance to individuals and families throughout Stanly County.

Warning Against Price Controls

Restrictions on credit card rates and overdraft protection fees ultimately hurt the people they are meant to protect by limiting credit access and driving consumers to unregulated entities, Senate Banking Committee Chair Tim Scott (R-S.C.) and CFPB Acting Director Russell Vought said during a Senate Banking Committee hearing.

Prominent Republicans praised Vought for reining in what they described as an out-of-control agency.

Cybersecurity Clearinghouse

The White House has announced a cybersecurity clearinghouse that would coordinate scanning for software vulnerabilities and the distribution of vulnerability patches. In a statement, the White House said open-source software partners and critical infrastructure companies have built a coordinated system to receive and patch cyber vulnerabilities, named “Gold Eagle.”

FCC Proposes Strengthening Robocall Mitigation Database

The Federal Communications Commission voted 3-0 to issue a proposal to strengthen the Robocall Mitigation Database. The RMD plays an important role in the FCC’s efforts to prevent criminals from placing calls to consumers that impersonate banks or other legitimate businesses.

The proposal would strengthen the RMD by clarifying which entities must file reports in the RMD, to require entities to file more specific information on their efforts to prevent the transmission of illegal calls, and to limit exemptions from filing requirements, among other steps.

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First Carolina Realigns Executive Leadership

Raleigh-based First Carolina Bank has appointed Pat Pritchard Chief Retail Banking and Chief Information Officer and Andrew Mathieson Chief Revenue and Strategy Officer. Mathieson will assume leadership of the bank’s payments business, including the BM Technologies and BankMobile platforms, while Pritchard will place greater emphasis on retail and branch-network growth.

PNC Names New Western Carolinas Regional President

PNC Bank has appointed Robert “Bobby” Chesney regional president for the Western Carolinas, succeeding Weston Andress, who will retire Aug. 31 after a 42-year career in finance. Chesney will oversee a region encompassing Charlotte, the Triad, Asheville and Upstate South Carolina.

"Men are disturbed not by things, 
but by the views which they take of things.”

- Epictetus