Daily Brief · November 3, 2026
Fed survey finds tighter CRE lending and weaker demand
Banks reported tighter standards and weaker demand across all commercial real estate loan categories in the third quarter. The Fed’s Senior Loan Officer Opinion Survey also found tighter standards for small-business commercial and industrial loans and all queried categories of lending to nonbank financial institutions; standards for large and middle-market business loans were basically unchanged.
Source: ABA Banking Journal
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Policy
FDIC deems Old Glory Bank adequately capitalized
The FDIC amended its directive last week, revising the bank’s earlier, more severe capital classification. Old Glory raised private capital in October after its planned special-purpose acquisition company merger failed to receive Federal Reserve approval.
- Capital raised
- $8Min October
Sources: Banking Dive, American Banker
FDIC watchdog links Tioga-Franklin’s deterioration to weak earnings
The FDIC inspector general said weak earnings led to liquidity and capital problems at Tioga-Franklin Savings Bank. Pennsylvania regulators closed the bank in August and appointed the FDIC as receiver.
- Estimated DIF cost
- ~$5.5Mpreliminary August estimate
BankAnalysis data · June 30
Tioga-Franklin Savings Bank's Tier 1 leverage ratio was 2.06%, the lowest of 125 peers (median 11.47%).
Sources: Banking Dive, ABA Banking Journal
Deals and capital
Colony Bankcorp completes its First Reliance merger
The merger took effect November 1, extending Colony into South Carolina. Integration continues ahead of a planned systems conversion in mid-2027.
- Combined assets
- ~$5B
- Locations added
- 9South Carolina
Source: SEC 8-K
Tri-County shareholders approve HBT Financial’s acquisition
Approval is from shareholders only; regulatory approval remains pending, with closing expected early in the first quarter of 2027 subject to that approval and other conditions. The acquisition agreement provides for cash-and-stock consideration.
- Agreed consideration
- $204.6M
- Price to TBV
- 131%
Sources: SEC 8-K, ABA Banking Journal
Isabella Bank Corporation completes its Grand River acquisition
The acquisition closed November 2, extending Isabella into Grand Rapids and Kent County. Isabella Wealth Services will enter those markets with the expanded banking franchise.
- Combined assets
- ~$2.7BJune 30 basis
- Combined loans
- ~$2BJune 30 basis
- Combined deposits
- ~$2.3BJune 30 basis
Source: SEC 8-K
Also today
Wells Fargo imposed AI-agent revocation requirements, while Happen Bank and JPMorgan blocked external agents.WFCAmerican Banker
QCR agreed to sell its three-branch Community Bank & Trust division to BankIowa, transferring approximately $140 million in deposits.SEC 8-K
Timberland earned $8.11 million ($1.04 a share) and raised its dividend 3% to $0.31.TSBKSEC 8-K
Pathfinder earned $2.1 million ($0.32 a share), up from $626,000 a year earlier.PBHCSEC 8-K
Kentucky First Federal earned $919,000 ($0.11 a share), up from $344,000, primarily on higher net interest income.SEC 8-K
Raymond James cut Farmers National Banc to Market Perform, citing choppy credit metrics and higher-than-expected expenses.Investing.com
FDIC offered storm-related regulatory relief to Indiana and South Dakota banks and encouraged easier borrower terms.ABA Banking Journal