Episode Details

Bank News: HomeTrust Bancshares to purchase Blue Ridge Bank for $448.1M in stock. HBT Financial to acquire First State Bank for $204.6M. Citibank to acquire rewards platform Kard Financial to increase its consumer cards business. World Liberty Financial has received conditional approval from the OCC for a national trust bank charter. The bank will issue and manage its own stablecoins. Sezzle has decided to switch from pursuing an ILC bank charter to a national bank charter. OCC returns Zerohash’s charter application after finding significant regulatory concerns. Bunq is rejected for an OCC bank charter after the regulator stated operations would be inadequately capitalized, its management inexperienced, and profit goals unrealistic. Custodia continues to whine about not getting a Fed master account. U.S. Bank warns investors about possible negative impacts from debanking inquiries. First Guaranty Bank agrees to FDIC consent order. The Federal Reserve is seeking to make amendments to their FedNow service to speed cross-boarder transactions. This episode examined a series of articles from Banking Dive.