Bridgewater Bancshares Chief Strategy Officer Mary Jayne Crocker will retire from the St. Louis Park, Minn.-based bank in February.

BankBeat magazine is accepting Outstanding Women in Banking nominations through Sept. 10. Nominations can be submitted by visiting our website.

The Consumer Financial Protection Bureau is proposing a new standard for supervising nonbanks.

Quarterly community bank net income increased 12.5 percent in the second quarter of the year to $7.6 billion amid higher net interest income, according to the FDIC Quarterly Banking Profile.

Brookfield, Wis.–based North Shore Bank appointed Craig Plazak vice president and commercial banking manager.

Billings, Mont.-based First Interstate BancSystem, Inc. appointed Michael L. Scudder to its board of directors as a Class I director.

Builder confidence in the market for newly built single-family homes slipped this month as high mortgage rates, weak buyer traffic and supply-side challenges continued to weigh on the housing market.

"Only after a bank is satisfied with its review should it proceed to negotiate a definitive contract with a fintech," write Amber Kraemer and Miles T. Patton.

Due to an increase in borrower defaults and to ensure the long-term sustainability of the 7(a) loan program, the Small Business Administration implemented major changes to its standard operating procedures in June.

Community banks, especially in more rural areas, face a significant staffing challenge.

Jenks, Okla.-based Gateway First Bank promoted Brett Myers to president of banking.

Financial software and technology provider CSI is acquiring Apiture, a North Carolina-based digital banking solutions company.

Fargo, N.D.-based Bell Bank Wealth Management bolstered its presence in Arizona by adding Ian Crawford and Dave Foegal to its local team.

As the digital world continually grows, the unfortunate reality is identity theft is no longer about if it will happen but when.

Consumer sentiment fell in August for the first time in four months, dropping about 5 percent as inflation concerns increased.

Sun Prairie, Wis.-based BOSP Bancshares, Inc. is acquiring Birnamwood, Wis.-based Banner Banks.

Digital Managing Editor Sam Wilmes recently interviewed Verimore Bank President and CEO Kristie Stuewe and Chief Deposit Officer Ken Honeck to discuss the bank's recent acquisition of Clay County Savings Bank in Liberty, Mo.

Banking trade groups this week urged Congress to repeal what they see as a loophole in the GENIUS Act, which established a regulatory framework for stablecoin issuers.

"This joint guidance by these federal banking regulators highlights the need for community banks to adopt a careful and strategic approach," said Ethan Ostroff, a partner at Troutman Pepper Locke; and Matthew Russell Morris, an associate at the firm.

Nearly every business sector in the United States is feeling the effects of consolidation. Mergers and acquisitions are occurring regularly in technology, insurance, retail, manufacturing — even banking and finance.