Daily Brief · September 3, 2026
Bank acquisitions accompany stronger industry earnings
Bank M&A, FDIC profitability, deposit-stability research and California fair-lending legislation shape today’s bank thesis.
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M&A and charter strategy
First National Bank of Omaha agreed to buy InBankshares
The about $200 million all-cash transaction is slated for the second half of 2027 and would add nine Colorado branches, extending FNBO into Denver, Colorado Springs, Pueblo and New Mexico.
Source: American Banker
First Financial Bancorp agreed to buy Hickory Point Bank and Trust
The $111.3 million cash-and-stock transaction for parent First Illinois Corp. was priced at 135% of tangible book value, adds eight central Illinois branches and would lift First Financial's assets to $6.9 billion; closing is slated for the fourth quarter.
Sources: Banking Dive, ABA Banking Journal
TabaPay agreed to buy Transact Bank after raising $155 million
The $6.5 million-asset Denver bank would be rebranded as TabaBank if the acquisition closes, and Banking Dive reported the deal is tied to TabaPay’s OCC charter push; the price was not disclosed.
Sources: ABA Banking Journal, Banking Dive
Earnings and funding conditions
FDIC reported $90.1 billion in Q2 bank net income
Industry net income rose $9.7 billion, or 12%, from the prior quarter, with return on assets at 1.37%; domestic deposits increased $142.7 billion, or 0.8%.
Source: ABA Banking Journal
Banks with reciprocal-deposit access saw stronger net cash inflows during the SVB crisis
Bank Policy Institute’s research summary said participation surged after a 2018 regulatory change and again around the crisis, especially among banks with more uninsured deposits.
Source: Bank Policy Institute
State compliance watch
California fair-lending bill would authorize state exams
The California legislature passed the California Fair Lending Examination Act on Aug. 27, but it still awaits Gov. Gavin Newsom’s signature; if signed, it would empower the Department of Financial Protection and Innovation to examine lenders for discriminatory actions.
Source: American Banker