FDIC – Page 37 – Regulatory Report

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[ October 2, 2026 ] Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices FDIC
[ October 1, 2026 ] Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets NCUA
[ October 1, 2026 ] FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims FDIC
[ October 1, 2026 ] ‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan FDIC
[ October 1, 2026 ] Failed California bank will cost bank insurance fund $114 million FDIC

On split vote along party lines, FDIC Board issues proposed statement on its application of Bank Merger Act

March 21, 2024 0

A “principles-based” overview of the federal bank deposit insurance agency’s administration of its responsibilities under the Bank Merger Act (BMA) is proposed in a new policy statement issued for comment on a split vote Thursday. […]

Agency demands that three companies drop alleged ‘false, misleading’ statements about deposit insurance coverage

March 19, 2024 0

Alleged false and misleading statements about federal bank deposit insurance coverage have earned three companies and others cease-and-desist demands from the insurance agency, it said Tuesday. PrizePool, Inc. (PrizePool), AmeriStar, LLC (AmeriStar), and HighLine Gold, […]

Policy on bank mergers tops agenda for March 21 FDIC Board meeting

March 15, 2024 0

A long-awaited, proposed statement of policy on bank merger transactions is the top item on the agenda for next week’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board. The proposed policy statement is […]

Weak banks can survive, FDIC #2 indicates, if regulators use restraint, insights

March 11, 2024 0

Weak banks can – and often do – survive a financial challenge, but only if someone along the line of supervision use restraint to avoid an “unnecessary bank failure,” the vice chairman of the federal […]

Seven banks earn ‘outstanding’ nod for CRA compliance – but three flagged as ‘needs to improve’ in their operations

March 4, 2024 0

“Outstanding” ratings for their compliance with anti-redlining laws in December were earned by seven banks, the federal insurer of bank deposits said Monday – but the agency also said three banks earned ratings of “needs […]

Agency leaders, top Fed supervisor will discuss new CRA rule at joint conference

February 29, 2024 0

Community reinvestment will be the topic when leaders of two of the federal bank regulatory agencies – and the top supervisor of the third – participate in a panel March 4-7, sponsored by the agencies. […]

Regulators set anti-redlining compliance exam schedules for second, third quarters

February 29, 2024 0

Schedules for examinations of banks for compliance with anti-redlining laws were set Thursday for the second and third quarters of the year by two of the federal banking agencies. The Federal Deposit Insurance Corp. (FDIC) […]

GAO: FDIC agrees to evaluate its sexual harassment prevention training program to identify needed improvements

February 26, 2024 0

The federal bank deposit insurer said it agrees with a congressional watchdog report recommending that it develop and implement a plan to evaluate its required sexual harassment prevention training to identify needed improvements, according to […]

Report finds workplace environment (in wake of sexual harassment charges), examiner attrition as key challenges for agency

February 26, 2024 0

Improving the workplace environment and addressing increasing worker attrition – especially among the examiner workforce – are among the top challenges facing the federal insurer of bank deposits, according to a report issued late Friday. […]

Relief deployed for banks affected by WA wildfires

February 26, 2024 0

Regulatory relief for financial institutions in areas of Washington affected by August’s wildfires was announced Monday in a Financial Institution Letter (FIL) from the Federal Deposit Insurance Corp. (FDIC). The letter follows the Feb. 15 […]

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Wisconsin bank, holding company consent to enforcement actions for ‘unsafe, unsound’ practices

October 2, 2026 0

A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar order for the bank owned [...]
Agency finally closes down troubled credit union after embezzlement charges; Alabama CU assumes members, savings, some assets

October 1, 2026 0

A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., was closed and its members [...]
FDIC ends independent monitor brought on to ensure ‘workplace culture’ reforms after sexual harassment claims

October 1, 2026 0

Workplace culture reforms spawned by allegations of sexual harassment at the federal bank deposit insurance agency will no longer be overseen by an independent monitor, the agency said late Wednesday, asserting that the monitor’s work had concluded. The Federal Deposit [...]
‘Living wills’ feedback letters published for 15 banking orgs; OCC votes against releasing one plan

October 1, 2026 0

Feedback letters from 15 banking organizations with more than $250 billion in assets on their resolution plans were published Sept. 29 by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said. However, the Office of the [...]
Failed California bank will cost bank insurance fund $114 million

October 1, 2026 0

A failed California bank that was closed Sept. 25 is estimated to cost the federal bank deposit insurance fund about $114 million, the insurance fund said agency. The bank reopened Sept. 28 as a branch of a Utah bank as [...]
Former teller leader prohibited for allegedly misappropriating nearly a quarter million dollars from cash dispenser machines

September 25, 2026 0

Misappropriation of about $246,000 from teller cash dispenser machines has led to the prohibition of a former teller supervisor of a bank in the Maryland suburbs of Washington, D.C., the Federal Reserve said Thursday. According to the agency, Renee Nicole [...]