Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
The federal insurer of bank deposits on Oct. 1 terminated the receiverships of Freedom Bank of Georgia (Commerce, Ga.) and Valley Bank (Fort Lauderdale, Fla.), according to a Federal Register notice published Friday. The two […]
Five banks earned “outstanding” ratings for their compliance with anti-redlining laws and rules – and one bank earned a “needs improvement” score – out of 77 ratings for fulfillment of the requirements issued in July, […]
The federal bank deposit insurer’s Advisory Committee on Economic Inclusion is slated to meet in open session Oct. 22 from 9 a.m to 4 p.m., according to a notice for the Federal Register, to discuss […]
Examiner instructions on evaluating banks for compliance with anti-redlining rules will now include guidance urging the banks to consider partnering with minority depository institutions (MDI) and low-income credit unions for credits toward compliance , the […]
Encouraging innovation that meets consumer demand, promotes community banking, reduces compliance burdens, and modernizes supervision are all part of the “foundation for the next chapter of banking,” the board chairman for the federal insurer of […]
A chief of staff and deputy director of the risk management division of the federal insurer of bank deposits was named Monday by the agency, replacing the previous incumbent who was promoted to another position […]
The appraisal threshold for real estate transactions secured by a 1-to-4 family residential property will rise from $250,000 to $400,000 under a final rule issued Friday by federal banking agencies, but banks will still be […]
Four policy statements that are deemed “outdated and no longer necessary” are proposed to be rescinded by the federal insurer of bank deposits, according to a filing made public Friday. The Federal Deposit Insurance. Corp. […]
The federal bank deposit insurer plans to terminate 13 receiverships, most of which date back to 2009, according to a Federal Register notice. “The liquidation of the assets for each receivership has been completed,” the […]
Insider abuse and fraud by former officers was the cause of the first failure in nearly 18 months at a small Texas bank earlier this year, according to a report from the federal bank deposit […]
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