Visit us online: Website | NCBA LinkedIn | NCEL LinkedIn Budget Reconciliation Bill Signed by President Trump The budget reconciliation bill – H.R. 1 – that President Donald Trump signed into law at the end of last week includes numerous provisions relevant to banks. These include: A revised cap on how much funding the Director of the CFPB can request from the Federal Reserve; previously capped since 2013 at an amount not to exceed 12 percent of the Fed’s total operating expenses, and which is now capped at 6.5% (In the PDF version of the bill, see Section 30001 on p. 55 of 330);  The permanent extension of the Section 199A pass-through deduction rate of 20%, which is relevant for Subchapter S banks (See Section 70105 on p. 90 [and the replacement of the Dec. 31, 2025 sunset that previously appeared in 26 USC 199A(i)]); Upcoming Professional Development: Fraud Academy August 12-14 2025 Fall BSA/AML/CFT Update September 11-12 CAVA RMA Commercial Lending School October 20-24 Upcoming Annual Conferences: NC Emerging Leaders Conference November 3-4 2025 Management Forum November 4-6 Read More ▶   Prepare Your Team with the Fraud Academy | August 12-14, 2025 There's still time to sign up for this year's Fraud Academy, but act quickly - the deadline to register is almost here! With fraud costing every bank valuable time and money, the Fraud Academy curriculum targets over eighteen types of fraud, including check fraud, elder fraud, cybercrimes, and introduces effective prevention tools. Equipping bankers with the knowledge to minimize fraud-related losses and protect your institution's bottom line. Sign Up & Learn More   Federal Legislative & Regulatory Update Most Commonly Cited Consumer Compliance Violations The FDIC has issued a new edition of Consumer Compliance Supervisory Highlights. The report summarizes the consumer compliance performance for FDIC-supervised banks in 2024 and provides an overview of consumer complaint trends.  According to the report, the most frequently cited violations were:  failing to provide some of the required information under TILA/Reg Z,  not making sure that flood insurance is in place at the time a loan secured by a building or mobile home located in a special flood hazard area is made, increased, extended, or renewed,  failing to provide accurate disclosures of the costs of consumer accounts as required by TISA/Reg DD,  not investigating allegations of electronic fund transfer errors as required by EFTA/Reg E, and  failing to provide sufficient data for one or more of the required mortgage data fields under HMDA/Reg C. Help for Texas Flood Victims  The Texas Bankers Foundation, which is affiliated with the Texas Bankers Association, is raising funds to help victims of the flooding along the Guadalupe River and surrounding communities. The Texas Bankers Foundation has made an initial $10,000 donation to the Community Foundation of the Texas Hill Country to help with disaster relief.   Any persons interested in supporting the ongoing efforts may donate to the Texas Flood Relief Fund set up by The Texas Bankers Foundation.  FFIEC Publishes 2024 Data on Mortgage Lending The FFIEC has published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act. The data is drawn from 4,908 U.S. financial institutions.  As part of its announcement, the FFIEC also released several data products and filtering tools to download customized reports based on the updated data. State Legislative & Regulatory Update Updated Bill Tracker Included with today’s Bulletin is our current Bill Tracker. With the NC House and NC Senate currently holding nonvoting “skeleton” sessions, there is limited activity to report. Of note, the NC House has tentatively scheduled a vote for July 29 to attempt a veto override of House Bill 402, a bill that seeks to limit the powers of state agencies to issue rulemakings with multi-million dollar aggregate financial impacts on persons affected by the rules. The NC Senate has not yet calendared a vote on an attempted veto override.  Also of note, the NC House and NC Senate have appointed legislators to serve on a conference committee to negotiate over differences in Senate Bill 595. You will recall that the House amended S 595 to include the highly controversial proposed changes from H 187 sought by certain credit unions. Thereafter, the NC Senate solidly rejected the changes, sending the bill to the conference committee process.  From the NC House, the legislators selected to negotiate over the bill are House Senior Finance Chairs Julia Howard, Mitchell Setzer, and Neal Jackson. From the NC Senate, the legislators selected are Senate Finance Chairs Tom McInnis and David Craven, as well as Senate Rules Chair Bill Rabon. NCBA Announcements Back-to-Back NC Emerging Leaders Conference and Management Forum are Now Open for Registration! | November 3-6, 2025 This November, two generations of banking leadership come together at the historic Omni Grove Park Inn. Don't miss these back-to-back annual traditions: North Carolina Emerging Leaders Conference | Nov. 3–4 Management Forum | Nov. 4–6 Join us in Asheville, where tomorrow’s leaders will meet today’s decision-makers to exchange ideas, build connections, and shape what’s next for North Carolina's banking industry. NC Emerging Leaders   2025 Management Forum   Patti Joyner Returns for the 2025 BSA/AML/CFT Update! | September 11-12, 2025 Patti Joyner is returning to lead our compliance experts through the various updates in BSA and AML with the 2025 BSA/AML Update Seminar. Expand your staff’s understanding and expertise in some of the most critical skills they will ever possess – skills that can protect your profits in times of tight margins and sustained high expectations!  Learn More & Sign Up   Earn Credits through Online Professional Development ABA Bank Teller's Certificate - Self-Paced - 1.5 CAFP; 1.5 CRCM; 1.25 CFMP, CSOP; 1 CCTS, CISP, CRSP, CTFA  Consumer Lending Training Program - July 15 Hot Topics in the IT Examination - July 18 Small Bank Community Reinvestment Act (CRA) Workshop- July 21 - 3 CRCM Credits Analyzing Financial Statements - July 21 - November 7 (ABA) Building Customer Relationships - July 28 - August 22 (ABA) Managing The Bank’s Investment Portfolio - July 28 - August 29 (ABA) Navigating New RTP and FedNow Rules - July 30 - 1 APRP Credit Unclaimed Property Compliance for Financial Institutions - July 30 Test Before You Test: AAP Exam Strategies Workshop - July 31 - 3 AAP Credits Need credits? Earn SHRM, AAP, APRP, CRCM, CPE and more with our partnered webinars! CBS Spotlight Unlock New Growth with the CBIZ Bank Partnership Program Want to deliver greater value to your clients while creating new revenue opportunities? The CBIZ Bank Partnership Program offers a powerful way to enhance client satisfaction, expand your services, and generate valuable referral income — all while providing insights that impact their success. With industry-leading payroll and HR solutions, CBIZ not only helps your clients streamline operations but also equips them to navigate complex compliance challenges with confidence. By partnering with CBIZ, your bank becomes a trusted advisor, strengthening client relationships, driving loyalty, and positioning your institution as a source of actionable insights. Discover how your bank can thrive with the right tools and insights. Contact CBIZ today and start making an impact! Industry Update Citigroup To Establish Major Office Facility in Charlotte Citigroup will invest $16.1 million to establish a major office facility in Charlotte which will accommodate 785 employees. A total of 275 employees who currently work in the Charlotte region will relocate to the new office, and 510 new jobs will be created.  The Charlotte region is the second largest finance center in the United States, with more than 104,000 workers in the financial services sector. North State Bank Named a 2025 “Best Place to Work” by Triangle Business Journal North State Bank has been named a “2025 Best Place to Work” by the Triangle Business Journal (TBJ), announced Amanda Lloyd, EVP and Chief People Officer at North State. This year’s award marks the bank’s second time receiving this recognition from the TBJ. “It is particularly exciting to receive this honor as we celebrate our 25th anniversary,” shared Lloyd. “Our culture has been a focus since our doors first opened. We hire, train, and invest in the best, so our customers can enjoy a better banking experience. It’s common to hear our team members refer to coworkers as ‘family.’ In addition to an experienced team with knowledge and expertise, it is that family spirit that sets us apart. As a company, as a team, as a family--we have fun.” PB Financial Corporation Declares 3Q25 Dividend TD Bank announced that Demetrius Johnson has been promoted to Retail Market President of the Mid-South Metro, which includes Delaware, Maryland, the District of Columbia, Virginia, North Carolina and South Carolina. As Retail Market President, Johnson will lead a team of six Retail Market Managers and oversee TD’s local retail operations at more than 125 stores and deepen customer relationships. He also will fine-tune market strategy to improve customer experiences while promoting team collaboration and coordination across the region. Johnson is based in Greenville.  “Over the course of his career at TD Bank, Demetrius has demonstrated an unwavering commitment to operational excellence, sales execution and customer experience,” said Chris Ward, Regional President of the Mid-South Metro, TD Bank. “Demetrius’ long-standing experience, paired with a deep understanding of our retail network, will be a tremendous asset as TD continues to strengthen our presence in the Mid-South Metro alongside significant population and economic growth.” PB Financial Corporation Declares 3Q25 Dividend Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX: PBNC), the holding company for Providence Bank, announced today that the Board of Directors approved a quarterly cash dividend of $0.59 per share on common stock outstanding to shareholders of record at the close of business on August 1, 2025. The dividend is payable August 22, 2025.  This dividend is an increase of approximately 9.26% from the dividend paid during the 3rd quarter of 2024. This represents a $2.36 per share dividend on an annualized basis and a dividend yield of approximately 4.72% (based on closing price of July 8, 2025 of $50.00 per share). Whitehurst commented, “This represents our 55th consecutive quarterly cash dividend. Our consistent financial performance has allowed us to increase our cash dividend each quarter since we began paying dividends in the 1st quarter of 2012. This increase in our quarterly cash dividend is part of our continued strategy to enhance shareholder value which we believe sets us apart from other community banks.” Words of Wisdom Champions aren’t made in the gyms. Champions are made from something they have deep inside them­­ – a desire, a dream, a vision. -  Michael Jordan NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US If you no longer want to receive emails regarding the NCBankers Bulletin, please profile.