Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
Third-quarter call reports that include new data items for sweep deposits at banks with both domestic and foreign offices were distributed by the three federal banking agencies Monday. According to a financial institution letter (FIL-68-2021) […]
Current issues affecting community banking are slated for discussion at the Nov. 3 virtual public meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking, the agency says in a notice slated […]
Nine out of the 83 banks that received their Community Reinvestment Act (CRA) evaluation ratings in July were given the rating of “outstanding” by the federal insurer of bank deposits, while two received the rating […]
Technology firms that will make up six teams were selected to participate in a “tech sprint” designed to explore new technologies and techniques to determine how well community banks, and all banks, can withstand a […]
A filled-out agenda for next week’s virtual, public meeting of the economic inclusion advisory panel of the federal insurer of bank deposits was released Friday and includes a rundown of the panelists slated to discuss […]
The top financial regulator for Kentucky is the newest member of the advisory committee of state regulators for the federal insurer of bank deposits, the agency announced Friday. Charles Vice, commissioner of the Kentucky Department […]
Three individuals have been charged for their participation in a conspiracy to fraudulently obtain more than $3 million in loans from a financial institution’s New York branch under the Paycheck Protection Program (PPP) and Economic […]
Community banks that invested more in technology before the onset of the coronavirus crisis generally made more loans and took in more deposits during the pandemic than did community banks that invested less in technology, […]
Two advisory committees to the federal insurer of bank deposits – one made up of state financial institution regulators, the other focused on economic inclusion matters – are slated to meet virtually in open session […]
One of the largest software companies in the world has joined with one of the largest banks in the world as investor anchors in an initiative to support minority and low-income financial institutions, an effort […]
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