trending Market Intelligence /marketintelligence/en/news-insights/trending/nvrRPYpd9f8Fbum6c15pXQ2 content esgSubNav
In This List

Legal briefs: Lawsuit seeks to stop First Merchants-MBT Financial deal

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


Legal briefs: Lawsuit seeks to stop First Merchants-MBT Financial deal

S&P Global Market Intelligence rounds up a selection of recent legal and regulatory developments in the bank space.

MBT Financial, directors face merger-related lawsuit

Monroe, Mich.-based MBT Financial Corp. and its directors are facing a purported shareholder class-action lawsuit for allegedly breaching their fiduciary duties by omitting certain material information related to the company's proposed sale to Muncie, Ind.-based First Merchants Corp.

______________________________

Fed orders Texas-based Commercial State Bank to strengthen BSA/AML program

The Federal Reserve Bank of Dallas and the Texas Department of Banking found Andrews, Texas-based Commercial State Bank to have significant deficiencies in its Bank Secrecy Act/Anti-Money Laundering program and ordered it to correct its deficiencies.

Commercial State Bank is a unit of Andrews Holding Co.

______________________________

CFPB orders USAA FSB to pay $12M restitution, $3.5M civil money penalty

San Antonio-based USAA Federal Savings Bank settled charges of violation of the Electronic Fund Transfer Act and Regulation E with the Consumer Financial Protection Bureau.