News Topic: Washington DC

The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season. ... Read full article

Though it wil be based in the nation's capital, MOXY Bank will also have significant operations in Charlotte, N.C. ... Read full article

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission. ... Read full article

The 10 startups will receive initial investments, mentoring and training as part of the ICBA ThinkTECH Accelerator. ... Read full article

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work. ... Read full article

The directory, which will debut next year, should help community banks find potential fintech partners. ... Read full article

Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers. ... Read full article

Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets. ... Read full article

As he weighs a possible presidential bid, Sen. Sherrod Brown, D-Ohio, touched on a likely campaign theme Tuesday, saying both political parties have done a poor job dealing with rural concerns. ... Read full article

The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply. ... Read full article

The agency says lenders lacked the risk appetite, while bankers point to concerns over turnaround times and strict loan terms. ... Read full article

Organizers plan to raise $25 million to $35 million in initial capital to focus on small and midsize businesses in northern Virginia. ... Read full article

Through the "Where We Live" program, the bank will direct philanthropic giving to two wards in the nation's capital and provide financing for affordable housing. ... Read full article

Union Bankshares will gain 15 branches and $2 billion in loans in northern Virginia after it buys Access National. ... Read full article

Some lenders fear a moratorium on new participants, and other restraints, could be the beginning of the end for the agency's Community Advantage program. ... Read full article

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010. ... Read full article

Olson ran a bank founded by his father in his hometown of Fergus Falls, Minn., before a long career in Washington. ... Read full article

The unnamed customer, who was on a list of suspects involved with weapons of mass destruction, used an HSBC credit card to make 12 payments in the second quarter, the company told shareholders Monday. ... Read full article