| | FOMC Minutes: Committee Members Debate How to Fulfill Dual Mandate |
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| | Federal Open Market Committee members are divided on which aspect of the Federal Reserve’s dual mandate should take precedence, with most still viewing inflation as the greater risk but some seeing maximizing employment as the primary issue to address, according to minutes from the FOMC’s July meeting. | | The Fed is tasked with creating the economic conditions needed to maximize employment while holding down inflation. During its July meeting, the FOMC voted to hold the target range for the federal funds rate at 4.25%-4.5%. However, Governors Michelle Bowman and Christopher Waller voted against the policy, instead preferring to lower the target range by 0.25 percent. |
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| | Upcoming Training and Conferences |
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| | | | | | Federal Legislative & Regulatory Update |
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| | FinCEN Again Extends Compliance Dates for Fentanyl Orders |
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| | For the second time, the Financial Crimes Enforcement Network has extended the effective dates for three orders targeting Mexico-based financial institutions with alleged ties to fentanyl trafficking. The June orders involved CIBanco S.A., Institución de Banca Multiple (CIBanco); Intercam Banco S.A., Institución de Banca Multiple (Intercam); and Vector Casa de Bolsa, S.A. de C.V. (Vector). |
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| | The orders were initially scheduled to take effect in July but that was pushed back to September earlier this year. Under a notice filed yesterday, the effective date was again pushed back, this time to Oct. 20. |
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| | FDIC Proposes Revisions to New Signage Requirements |
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| | The FDIC board proposed several changes to its recently revised requirements regarding the use of the agency’s name and logo, saying the adjustments will ease the compliance burden on financial institutions. Under the notice of proposed rulemaking, the FDIC would make further amendments based on public feedback and push back the compliance date to Jan. 1, 2027. |
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| | | #RISE at the NCBA/NCACPA Professional Women's Conference | October 23, 2025 |
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| | | Navigating the Future with Confidence and Resilience |
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| | | Join a powerful community of women in banking and accounting as we #RISE—Realize, Inspire, Succeed, Empower—together. | | You’ll experience an energizing day of learning, networking, and inspiration featuring standout voices in leadership, technology, personal finance, and wellness. From sessions on the psychology of money, AI-driven career confidence, and ethical decision-making, to deeply personal conversations around mental health and neurodiversity in the workplace—you’ll gain insights designed for both personal and professional growth. | | Don’t miss this opportunity to connect and recharge at a conference created for women, by women—where every detail is designed with your goals in mind. |
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| | Treasury Department Seeks Feedback on Stablecoins, Illicit Activities |
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| | The Treasury Department today issued a request for comment on stablecoin implementation, particularly on tools or strategies that financial institutions can use to detect illicit activity involving digital assets. | | The request for comment is required under the recently enacted GENIUS Act, which creates a regulatory framework for payment stablecoins. |
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| | According to the Treasury Department, it is seeking feedback on “innovative or novel methods, techniques or strategies that regulated financial institutions use, or could potentially use, to detect illicit activity involving digital assets. In particular, Treasury asks commenters about application program interfaces, artificial intelligence, digital identity verification and use of blockchain technology and monitoring.” |
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| | Report: FDIC Needs to Improve Third-Party Service Provider Exam Program |
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| | The FDIC has not established performance goals and metrics to measure the effectiveness of its program to assess the risk management practices of third-party firms that provide services to banks, according to a recent report by the FDIC Office of Inspector General. The OIG evaluated the FDIC’s Significant Service Provider Examination Program and concluded that while the agency has taken steps to establish goals and metrics for it, |
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| | “they were not measurable or directly linked to program success factors.” |
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| | | Commit to Being a Lifelong Learner with the CAVA RMA Commercial Lending School | October 20-24, 2025 |
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| | | With three levels of training, the CAVA RMA Commercial Lending School offers a prime opportunity for participants to master the essential basics of commercial lending together with their banking peers. Join us on October 20-24, 2025, and take the next step in your commercial lending journey! |
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| | Fed to End Separate Supervision Program for Crypto, Fintech Activities |
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| | The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology and instead roll those activities into its regular supervision. | | The Novel Activities Supervision Program was created to complement the Fed’s existing supervisory process, allowing it to monitor the “novel manifestations of risks” that can arise with the rapid adoption of new technologies, such as crypto. |
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| | In a statement, the Fed said it is ending the program because it “has strengthened its understanding of those activities, related risks and bank risk management practices.” |
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| | CFPB to Repropose Rules on Small Business Lending, Data Sharing |
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| | Earlier this year, the Consumer Financial Protection Bureau announced it would revisit two Biden-era rules implementing Sections 1071 and 1033 of the Dodd-Frank Act, which concern small business data lending collection and data sharing, respectively. Both had been challenged in federal court, and the CFPB agreed to repropose both rules to resolve the lawsuits. |
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| | The CFPB plans to propose rulemaking on small business lending data collection and consumer data sharing before the end of the year, according to the recently released agency rule list for spring. |
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| | | | | Manage with Purpose at the NCBA Management Forum | November 4-6 |
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| | | Manage with purpose this November in Asheville! Join us for the NCBA Management Forum on November 4-6 at the Omni Grove Park Inn—where top decision-makers from across North Carolina banking gather for high-level strategy sessions, leadership insights, and essential conversations shaping the future of our industry. | | This year’s Management Forum is paired back-to-back with the NC Emerging Leaders Conference on November 3–4. Kick off your time in Asheville ahead of the Forum to gain fresh perspectives and connect with the next generation of banking leaders. |
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| | | Build Connections with the NCEL Mentorship Program | Application Deadline: October 30, 2025 |
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| | | The North Carolina Emerging Leaders Mentorship Program is now accepting applications for both mentors and mentees — and participation is open to all banking professionals, not just NCEL members. | | This six-month program (January–June 2026) is a unique opportunity to share knowledge, develop leadership skills, and build strong professional relationships. | - 📍 Kick-off Meet & Greet:
January 7, 2026 – Greensboro, NC - 💬 Monthly mentor/mentee meetings:
Virtual or in-person (at least one in-person required) - 📅 Application Deadline:
October 30, 2025
| | Help shape the future of North Carolina’s banking community — apply today! |
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| | | Earn Credits through Online Professional Development |
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| | | | | | | ICBA Securities, an Endorsed Solution of Community Bank Services, along with its endorsed broker Stifel, are presenting a virtual hedging workshop on September 25 at 1:00 pm Eastern. Analysts from Stifel Interest Rate Products will discuss strategies for community banks to enhance profitability and mitigate risk. |
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| | This complimentary session offers one hour of CPE credit. | | For additional information, please contact your Stifel representative or email FixedIncomeEvents@stifel.com. |
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| | | KS Bank Welcomes Travis B. Bailey as Chief Administrative Officer, Executive Vice President |
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| | KS Bank, Inc. is pleased to announce the addition of Travis B. Bailey to its Senior Executive Management team as the Chief Administrative Officer. In this role, Bailey will lead the bank’s retail branches and management and ensure that KS Bank continues to deliver exceptional service and build strong community relationships. | | Bailey brings more than twenty years of experience in community banking. Throughout his career, Bailey has earned a reputation for building high-performing teams, fostering customer-first service, and developing meaningful connections. |
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| | “We are thrilled to welcome Travis to our executive leadership team,” said Earl W. Worley, Jr., President and CEO of KS Bank. “He brings not only an impressive banking background, but also a heart for community and a passion for people. His leadership will help us continue to grow while staying true to the values that have guided KS Bank for over a century.” |
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| | TowneBank To Acquire Dogwood State Bank |
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| | Hampton Roads-based TowneBank (NASDAQ: TOWN) and Raleigh-based Dogwood State Bank (OTCQX: DSBX) announced the signing of a definitive merger agreement pursuant to which TowneBank will acquire Dogwood State Bank. The bank’s current market position will be expanded in Raleigh, Greensboro-Winston Salem, Greenville, and Charlotte. Additionally, the merger will increase the bank’s footprint along the Eastern North Carolina coast from the Outer Banks to also include Morehead City, Greenville, Fayetteville, and Wilmington along with a new location in beautiful and historic Charleston, South Carolina. | | Pro forma for TowneBank’s pending acquisition of Old Point Financial Corporation (expected to close September 1, 2025) and the proposed acquisition of Dogwood, the combined company would have total assets of approximately $22 billion, loans of approximately $16 billion and deposits of approximately $19 billion at close of the transactions. TowneBank expects the acquisition of Dogwood to be approximately 8.0% accretive to 2027E earnings per share with fully phased-in cost savings on a GAAP basis. | | Under the terms of the merger agreement, common shareholders of Dogwood will receive a fixed exchange ratio of 0.700 shares of TowneBank common stock for each outstanding share of Dogwood common stock. This implies a deal value per share of $25.04 or approximately $476.2 million based on TowneBank’s 15-day average closing stock price of $35.77 on August 18, 2025. |
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| | | | "Alone we can do so little. Together we can do so much. Only love can break down the walls that stand between us and our happiness. |
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| | | NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US |
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