FDIC – Page 2 – Regulatory Report

What's up

[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed
[ June 30, 2025 ] Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases OCC
[ June 30, 2025 ] Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another NCUA

‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, […]

1 bank rated ‘needs to improve’ under CRA, FDIC reports

June 6, 2025 0

One bank was rated “needs to improve” and two were rated “outstanding” for their performance under the federal anti-redlining Community Reinvestment Act (CRA), the federal bank deposit insurer said in releasing its March ratings. The […]

Bucking other recent reports, FSOC groups find ‘stabilization’ among CRE sectors

June 5, 2025 0

“Stabilization” among commercial real estate (CRE) sectors was noted in a joint regulators’ presentation at the meeting of the Financial Stability Oversight Council (FSOC) Wednesday, according to a readout issued late that day by the […]

Impaired capital, not necessarily fraud, tagged as cause for Chicago bank’s failure – first in 2025

June 3, 2025 0

Impaired capital, not necessarily fraud, was behind the failure of a Chicago bank early this year – the first bank to fail in 2025 – the inspector general for the national bank deposit insurance agency […]

FDIC deploys disaster response in 7 states affected by storms, flooding, more

June 3, 2025 0

Banks’ federal deposit insurer on Monday announced disaster-related regulatory relief available for banks serving communities in seven states hit from March through May by a range of weather and related disaster conditions. The Federal Deposit […]

Despite realizing $2.76 billion in monetary recoveries, agency watchdog loses 17 staff to buyouts, retirements

June 2, 2025 0

More than $2.76 billion in fines, restitution ordered, and other monetary recoveries were realized by the federal bank deposit insurance agency’s efforts in the six-month period of Oct. 1 of last year to March 31, […]

Head of FDIC insurance fund risk monitoring retires

June 2, 2025 0

The head of the agency’s insurance and research division is retiring after 15 years with the agency, according to an announcement Friday, that named no successor. The Federal Deposit Insurance Corp. (FDIC) said Patrick Mitchell, […]

Three former bank workers slapped with prohibitions after alleged fraud, exploiting elders

May 30, 2025 0

Three bank workers were prohibited from further employment by financial institutions under orders issued in April by the federal bank deposit insurance agency, it said Friday. According to the Federal Deposit Insurance Corp. (FDIC), those […]

FDIC: 359 banks slated for CRA evaluations in second half of 2025

May 30, 2025 0

The federal bank deposit insurer is slated to evaluate 359 banks under the federal anti-redlining statute, the Community Reinvestment Act (CRA), over the third and fourth quarters of this year, the agency’s published schedules show. […]

Banks see uptick in ROA for first quarter ’25; CRE continues to show some signs of weakness

May 28, 2025 0

Banks reported a return on assets (ROA) of 1.16% in the first quarter of the year, the federal bank deposit insurance agency said Wednesday, the highest quarterly level among the last three. According to the […]

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NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]
Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession

June 30, 2025 0

The 22 large banks subjected to the Federal Reserve Board’s 2025 stress test reportedly are “well positioned” to withstand a hypothetical, severe recession while remaining above their minimum capital requirements and continuing to lend to households and businesses, the Fed [...]
Risk on rise for banks in three key areas, OCC reports, as economic uncertainty increases

June 30, 2025 0

Economic uncertainty has increased as consumer sentiment, geopolitical risk, sustained higher interest rates, and downward movement in some macroeconomic indicators have all had their impact on threats to the banking system, the national bank regulator said Monday. In its Semiannual [...]
Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

June 30, 2025 0

A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was liquidated by the National Credit [...]
2 former credit union employees barred from future work in insured FIs

June 30, 2025 0

A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said Monday. The National Credit Union [...]
Texas bank became second to fail so far this year

June 30, 2025 0

A Santa Anna, Texas, bank was closed late Friday by the national bank regulator, becoming the second bank to fail so far this year. Santa Anna National Bank was closed by the Office of the Comptroller of the Currency (OCC), [...]