Daily Brief · November 6, 2026
M&F shareholders approve Optus acquisition despite rival bid
Nearly 74% of eligible shares supported the $105 million all-cash acquisition after Triad's competing offer. The combination would create the largest Black-owned bank in the United States, with roughly $1.3 billion in assets; regulatory approval remains outstanding.
- Deal value
- $105M
- Combined assets
- ~$1.3B
- Shareholder support
- ~74%eligible shares
Policy
Fed’s Hammack calls for restrictive rates to cool inflation
Cleveland Fed President Beth Hammack was one of two dissenters from last week’s decision to hold rates. She favors more frequent, smaller adjustments; futures pricing indicated likely increases in December and March.
Earnings
IBOC International Bancshares' third-quarter profit rises 5.6%
Third-quarter net income reached $114.5 million, compared with $108.4 million a year earlier; diluted earnings per share increased to $1.84 from $1.74.
BankAnalysis data · September 30
International Bank of Commerce's return on assets was 2.71%, the highest of 125 peers (median 1.39%).
Deals and capital
FCAP First Capital agrees to buy First Bancorp of Indiana
The all-stock merger would expand First Harrison Bank across southern Indiana and western Kentucky. First Federal Savings Bank, which operates ten offices, would merge into First Harrison.
- Deal value
- ~$33.2Mall stock
- Target assets
- $583Mat Sep 30
- Target deposits
- $473Mat Sep 30
- Closing
- H1 2027expected
BankAnalysis data · September 30
First Harrison Bank's deposit cost was 1.56%, lower than 84% of 125 peers (median 2.04%).
Other
Chainalysis discloses exposed user tokens and shuts screening service
The disclosure reverses its statement five days earlier that it had found no evidence of credential or token access. Some customer accounts appear to have been accessed without authorization, and its crypto-transaction screening service remained offline Thursday afternoon; Chainalysis reported no evidence that investigation data was accessed or attribution data manipulated.
Also today
- A House Democrat proposed a Federal Reserve pilot for real-time bank oversight and faster liquidity access.American Banker
- OppFi withdrew applications to buy BNC National, citing unclear regulatory standards; the acquisition agreement remains in effect.Banking Dive
- HOMB Home BancShares recovered $80.7 million from a Texas borrower’s collateral sale, leaving $11.4 million in nonaccrual.HOMB 8-K
- Banking regulators reported community-development lending rose 35% to nearly $185 billion in 2025.ABA Banking Journal
- FDIC increasingly sells failed banks’ assets in pieces rather than through whole-bank sales.American Banker
- Chime plans to let customers connect outside AI agents, with controls over account access and actions.American Banker
- PNC PNC named Alexander Overstrom CFO effective March 1, 2027, as Robert Reilly becomes executive vice chairman.PR Newswire