Abrigo

DECEMBER 2, 2014

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Another bright spot: less than seven percent of community banks were unprofitable – the lowest since the second quarter of 2006. They performed better than a year ago and also outperformed the industry as a whole.

Community Bank 207

Community Bank FDIC Community Industry 207

PYMNTS

JANUARY 10, 2019

Sears is still in the bid game, a mobile banking operator thinks big and holiday sales in the U.K. Last year was the first time since 2006 that not one U.S. FDIC) was founded in 1933 that an entire year went by without a bank going under. disappoint. US Banking Industry Had No Failures in 2018. N26 Has $2.7B

Los Angeles 128

Los Angeles FDIC Retail Maine 128

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. This marked the largest gap since the fourth quarter of 2006.

Community Bank 150

Community Bank Community FDIC Industry 150

Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. This marked the largest gap since the fourth quarter of 2006.

Community Bank 150

Community Bank Community FDIC Industry 150

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Before this year, the last time that happened was in 2006, when Walmart made a move on an ILC.

Industry 108

Industry Fintech FDIC Community Bank 108

Jeff For Banks

SEPTEMBER 10, 2011

They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. Such aggressive growth has led to positive operating leverage as net income and EPS has grown faster than assets (see table from their investor presentation). billion was 1.24%.

Arkansas 65

Arkansas South Carolina FDIC North Carolina 65

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. The Rundown on the Run-up to the Decisions. So, Now What?

Lending 135

Lending Fraud Management San Francisco 135