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Compliance guide hopes to simplify for small entities new rule on deposit insurance for trust, mortgage service accounts

May 18, 2022 0

A compliance guide related to a rule designed to simplify federal bank deposit insurance rules for trust and mortgage service accounts at small entities was released Wednesday by the federal agency that provides the insurance. The rule, which takes effect [...]
Regulators’ July 14 virtual public meeting eyes acquisition of San Francisco bank, holding company

May 18, 2022 0

A joint public meeting on a proposal by Bank of Montreal, Montreal, Canada, and BMO Harris Bank National Association, Chicago, Ill., to acquire BancWest Holding Inc. and Bank of the West, both of San Francisco, Calif., is slated for 11 [...]
Joint hearing will consider proposed acquisition of Tennessee bank by Canadian institution

May 18, 2022 0

The acquisition of a Tennessee bank by a Toronto institution will be the subject of a virtual joint hearing Aug. 28 by the regulator of national banks and the Federal Reserve, the agencies said Tuesday. In a release, the Fed [...]
FDIC names two veteran staffers to oversee, manage insurance fund, research, financial operations

May 18, 2022 0

A new manager of the $123 billion fund that insures bank deposits and a new leader for the corporate financial operations of the agency that houses the fund were announced Wednesday. Patrick Mitchell will serve as director of the Division [...]
Hawaiian tapped to join MDI advisory group, with meeting set for May 23

May 18, 2022 0

A Hawaiian banker is joining the minority depository institution advisory panel for the federal insurer of bank deposits, the agency said Wednesday. Russell Lau, chairman and chief executive officer of Finance Factors Ltd. in Honolulu, was named to the Minority [...]

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