Latest developments from the FDIC (Federal Deposit Insurance Corp.), insurer of deposits in banks, thrifts and other financial institutions.
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 […]
Bank data for 2020 (calendar year) is now available and includes aggregate financial and structure variables on federally insured banks dating from 1934, the Federal Deposit Insurance Corp. (FDIC) said Wednesday. The agency said the […]
A draft strategic plan for 2022-26 was released for public comment, by Oct. 1, by the Federal Deposit Insurance Corp. (FDIC) Wednesday. The 34-page plan is required to be updated under federal law (the Government […]
A new fund aimed at facilitating capital investments in minority depository institution (MDI) and community development financial institution (CDFI) banks will be formally launched Thursday (Sept. 16), the federal insurer of bank deposits said Wednesday. […]
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