Bank News: BitGo, M&A, charter update, MoneyLion, Old Glory, SVB, & CFPB changes!

Bank News: BitGo acquired NYDIG’s trading business. Equity Bancshares to acquire Lincoln Savings Bank for $123.8 million. FNBO to acquire InBankshares Corp for an amount up to $204 million. Bank7 wins auction to purchase 71% of Century Financial. TabaPay is seeking to attain a bank charter by purchasing Transact Bank. UK neobank Revolut receives conditional bank charter from the OCC. Zerohash reapplies for OCC trust bank charter. OpenReserve received conditional approval for a national bank charter from the OCC. Old Glory Bank revisits capital raise and IPO after SPAC deal fails. Farmers & Merchants Bank incurs $85 million loss to reposition securities portfolio. Judge blocks SVB ex-parent from getting $1.7 billion from the FDIC. U.S. bank seeking to expand business roster. GAO believes holding company rules should be reviewed. Citizens focusing on private-bank customers. Republicans introduce a bill to change the CFPB funding structure. 21 banks partner up on stablecoin project. Banks maybe favoring tokenized deposits over stablecoin. New clarifications on SARs for banks. TD Bank is seeking to open 100 new branches. This episode reviewed multiple articles from Banking dive and S&P Global Market Intelligence (subscription required).