Bank of America Commits $13 Million to Improve Economic Opportunity and Advance Racial Equity
Grants include funding for health, jobs, small business, community development CHICAGO, — Bank of America has committed $13 million in funding to more than 100 Chicago-area nonprofit organizations working to drive economic opportunity for individuals and families in underserved Chicagoland communities. This year, Bank of America partnered with nonprofits that are addressing key factors that contribute to economic…
Great Lake Banker MagazineFarmers National Banc Corp. Completes Merger with Emclaire Financial Corp, Adds New Board Member
CANFIELD, Ohio — Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, has completed the merger of Emclaire Financial Corp., the holding company for The Farmers National Bank of Emlenton with and into FMNB Merger Subsidiary V, LLC, a newly-formed wholly-owned subsidiary of Farmers. Following the Merger, Emlenton Bank was…
M&T Bank’s Wilmington Trust Agrees to Sell CIT Business to Madison Dearborn Partners
Transaction creates a strong foundation to support CIT’s continued growth and expanded services and offerings CHICAGO and WILMINGTON, Del., — Wilmington Trust, N.A., a l wealth management and corporate and institutional services provider and a wholly-owned subsidiary of M&T Bank Corporation has announced an agreement with Madison Dearborn Partners, a private equity firm based in Chicago, under which funds affiliated…
Comerica Bank’s Michigan Index Declined Through September
DALLAS, — The Comerica Michigan Economic Activity Index fell at a 3.9% annualized pace in the three months through September. Seven of the Index’s nine components were down over the period. The Index was up a solid 3.7% from the same month of last year, but that reflects a comparison against a soft patch in the fall of…