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  • [ August 10, 2026 ] ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process FDIC
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Home20nov25

20nov25

FDIC

In-depth review of WV bank failure not necessary – fraud, scarce oversight, poor management was clear, report indicates

November 25, 2020 0

The second bank of the year to fail – First State Bank of Barboursville, W.Va. – did not warrant an in-depth review by the federal insurer of bank deposits even though the failure is estimated […]

Today

  • ‘De novo’ banks would receive quicker deposit insurance approval under new, two-phase process

    August 10, 2026 0
    Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation (FDIC) said a new, two-phase [...]
  • Senate confirms Crews to NCUA Board seat

    August 7, 2026 0
    The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant secretary for financial institutions policy. [...]
  • NCUA liquidates 15-month-old federal credit union

    August 7, 2026 0
    The second federal credit union chartered in 2025 was involuntarily liquidated Thursday by the National Credit Union Administration (NCUA). The agency said it was liquidating African Diaspora Federal Credit Union of Saint Ann, Mo., after finding it was “insolvent and [...]

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