American Banker

MARCH 2, 2020

From 2010 to 2018 the South Carolina bank was on the FDIC's problem bank list, but in the last two years it has been profitable. Dominik Mjartan, the bank's president and CEO, explains how technology upgrades and relationship building helped it get back on track.

South Carolina 81

South Carolina FDIC Technology Community Bank 81

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The FDIC’s announcement said a private placement offering will raise at least $25 million for the bank ahead of its launch. . Bloomberg listed Casey G.

Community Bank 122

Community Bank Community FDIC Marketing 122

CFPB Monitor

APRIL 13, 2022

The GAO states that from 2010 through 2020, the CFPB, Federal Reserve, FDIC, and OCC have issued or rescinded at least 19 actions related to small-dollar loans, including rulemakings and policy statements.

Report 78

Report Lending FDIC Regulation 78

American Banker

MAY 12, 2016

The resolution plan data was accessed as part of a breach that initiated in October 2010 and continued for an extended period of time, eventually infecting the workstations of then FDIC Chairman Sheila Bair as well as other top agency officials.

FDIC 28

FDIC Data Cyber Security Security 28

PYMNTS

JANUARY 21, 2020

Cashflows was founded in 2010 and became one of the first independent U.K. In October , i2c teamed up with Evolve Bank & Trust, an FDIC-insured financial services organization, to offer an extensive inventory of customizable credit, debit, prepaid and DDA solutions.

Cards 131

Cards Payments FDIC Digital Banking 131

PYMNTS

JANUARY 22, 2020

Cashflows was founded in 2010 and became one of the first independent U.K. In October , i2c teamed up with Evolve Bank & Trust, an FDIC-insured financial services organization, to offer an extensive inventory of customizable credit, debit, prepaid and DDA solutions.

Cards 130

Cards Payments FDIC Digital Banking 130

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Celent Banking

NOVEMBER 17, 2015

Let’s take a look at data compiled by the FDIC starting in 2010. The overall volume of small business loans increased year-over-year from 2010 to June 2015, with a CAGR of approximately 3%. According to the Federal Reserve, the average interest rate for a small business bank loan (less than $100k) in August 2015 was 3.7%

Report 100

Report FDIC Lending Fintech 100

Abrigo

MARCH 3, 2022

According to FDIC data, in 2016, commercial banks reported 23 million total small business loans, an increase of 4 million from 2010, with an aggregate loan balance unchanged of just over $627 billion. Changing Lending Environment. Small businesses are turning to small lenders.

Lending 195

Lending Community Marketing Community Bank 195

American Banker

DECEMBER 23, 2016

A 2010 cyberattack targeting the Federal Deposit Insurance Corp. — — believed to have originated in China — is reportedly the subject of an FBI investigation.

FDIC 28

FDIC Report Cyber Security Data 28

PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

Fraud 347

Fraud Report System FDIC 347

Celent Banking

FEBRUARY 26, 2015

Brett King’s Op Ed in Banking Exchange, critical of the recent FDIC report , Brick-and-Mortar Banking Remains Prevalent in an Increasingly Virtual World. Between 2000 and 2010, US bank branch density grew from 230 to 270 branches per million. Source: US Department of Commerce, FDIC, Datamonitor, Celent analysis.

FDIC 100

FDIC Retail Digital Banking User Experience 100

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. The account that was eliminated was introduced in 2010, when the company was trying to lure customers to online banking. In 2017, 6.5 percent of 129.3 million U.S.

America 175

America Survey FDIC System 175

Abrigo

JULY 25, 2017

Ashbaugh goes on to demonstrate that the default rates for these loans did not peak until about 2009, and the ALLL did not increase until 2010. That 13% represented 80% of the losses to the FDIC insurance fund. That’s why we’re starting to see all this focus around your ADC, now known as HVCRE portfolio.

Risk Management 150

Risk Management Management Capital Lending 150

CFPB Monitor

JANUARY 19, 2015

Pedrow* The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), signed by President Obama in 2010 in response to the financial crisis, includes a provision intended to remedy racial and gender discrepancies at federal financial regulatory agencies and private financial institutions.

FDIC 60

FDIC Report Policies Regulation 60

CFPB Monitor

FEBRUARY 4, 2015

The CFPB also found that Continental had engaged in certain deceptive acts and practices in violation of the Consumer Financial Protection Act of 2010. million in consumer funds deposited during 2013 were not FDIC insured. In reality, the consent order asserts, up to $1.8 In addition to requiring the estimated $2.7

Cards 60

Cards FDIC Company Security 60

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. ILCs are used to form industrial loan companies, better known as industrial banks.

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

MARCH 24, 2016

Perhaps no surprise: Bank regulators, stretching back to 2010, had instituted their own guidelines, according to The Journal , and said risk-taking activities had been curtailed, with positive results, so much so that the “regulatory gap” has been filled. Yet if all of that gets rolled back, Wall Street firms will gird for talent flight.

FDIC 100

FDIC Guidelines Comparison Regulation 100

South State Correspondent

AUGUST 14, 2024

7) Reserve Levels and Balance Adjustment Fees Harking back to the pre-Dodd-Frank era prior to 2010, banks commonly passed through reserve balances that the bank was forced to keep at the Federal Reserve, earning zero interest. To this day, many banks exclude a portion of analyzed checking from either earnings credit or hard interest.

How To 195

How To Analysis Management Training 195

Jeff For Banks

JUNE 2, 2023

According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S. According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S.

FDIC 78

FDIC Community Bank Regulation Lending 78

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. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135

CFPB Monitor

NOVEMBER 8, 2022

477 (2010) (holding that a party alleging a structural separation of powers challenge to an agency need not endure the process over which an allegedly-unconstitutionally-insulated official presides before it can get judicial review). Accounting Oversight Board , 561 U.S.

Arizona 78

Arizona FDIC Community Texas 78

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010. FDIC-insured deposits largely solve this problem for banks.

Community Bank 70

Community Bank Community Lending FDIC 70

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. Bank of the Ozarks has historically been a very good performer as they grew and prior to their recent FDIC deal binge. billion bank with a 3.60% ROA year to date.

Arkansas 64

Arkansas South Carolina FDIC Georgia 64

CB Insights

JANUARY 5, 2021

In contrast, online banking in the US has surged with 73% of consumers using it regularly, up from 46% in 2010. . Source: FDIC. Between 2008 and 2018, the number of commercial bank branches in the US has declined by more than 6%. Alternative services can be costly.

Digital Banking 98

Digital Banking US Online FDIC 98

Jeff For Banks

JUNE 24, 2010

of total assets at March 31, 2010 (see link below). dropped 24% from 2007 through the first quarter 2010. Jeff FDIC: Quarterly Change in C&I Loans [link] FDIC: Real Estate Assets as % of Total Assets [link] National Association of Realtors: 1st Quarter 2010 Median Sales Price of Existing Family Homes [link].

Lending 64

Lending Regulation FDIC Regional 64

PYMNTS

JANUARY 30, 2018

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. It’s a lesson that he believes banks will have to learn as well – because their customers are getting better offers from institutions that are also FDIC-insured, and that also offer a full suite of financial services online.

America 109

America Maryland FDIC Millennials 109

Jeff For Banks

FEBRUARY 6, 2011

The FDIC has nearly quadrupled its enforcement actions (“EA”) over the past three years. The difference here is that SCNB has been profitable throughout the crisis, and achieved a 1.12% ROA for the third quarter 2010. The stark increase in such orders has been alarming. Many of these EAs have very similar, if not identical, provisions.

Regulation 68

Regulation FDIC National Capital 68

Jeff For Banks

DECEMBER 26, 2012

It''s growth since 2010 has been fueled by seven purchases of failed banks. This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. At the time, the bank had a couple dozen employees and total assets of $28 million.

Texas 75

Texas National FDIC Capital 75

Jeff For Banks

APRIL 29, 2021

I've been writing since 2010. The subtitle came from a virtual conference where Jelena McWilliams, the FDIC Chair, said those words. It was with this newfound time that got me thinking in the summer of 2020. write a book! Annually I would review my most read blog posts for the past year and all time. Some made sense to me.

Conference 78

Conference social media Capital Marketing 78

Jeff For Banks

MAY 1, 2011

Over the course of the past 10 years, the number of FDIC-insured FIs decreased by 23% (see chart). I reviewed my company''s bank and thrift product profitability reports to see if operating expenses per account declined during the 2000-2010 period. Because it is intuitive, doesn''t make it so. Thrift expense ratios rose materially.

Operations 81

Operations North Carolina Ohio Groups 81

Fintech Labs Insights

NOVEMBER 10, 2023

39,600 $587 7 Credit Sesame 1196 2010 SF 5,730,000 $172 8 Marcus (Goldman Sachs) 1149 2017 Salt Lake City 5,670,000 $0 9 Monzo 1089 2015 London 3,390,000 $1,100 10 MoneyLion 873 2013 NYC 1,260,000 4.6 197,000 $1,700 2 Robinhood 6080 2013 SF 17,190,000 $6,200 3 SoFi 4017 2011 SF 13,080,000 4.6 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. She explains the bank has focused on serving New Haven’s underbanked community since it was launched in 2010 after a mutual savings bank in town went public and was absorbed by a larger institution. By Ed Avis. Methodology.

Community Bank 172

Community Bank Community National Philadelphia 172

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . Once the filters are in place, tools like the FDIC Web site or SNL can help you produce your target list. At the same time, the pace of new bank charters has dwindled to near non-existence. 20 years ago 10 years ago Today.

Strategy 87

Strategy United States Community New York City 87

CB Insights

JUNE 5, 2018

Virtually all US private sector wage earners receive wages into bank accounts, according to the Global Findex database, which are insured by the FDIC and offer an easy way to earn interest. In the United States, 93% of consumers have some sort of bank account. China’s alternative: Alipay and WeChat.

Payments 68

Payments Cards US Mobile 68

PYMNTS

OCTOBER 3, 2016

In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. In 2010, Westernbank was subsumed by the Federal Deposit Insurance Corp.

Puerto Rico 133

Puerto Rico Fraud Miami Florida 133

Independent Banker

MARCH 15, 2015

Executive Committee, member, from 2010-2015. FDIC Advisory Committee on Community Banking, member. Parents: Ernest and Alfreda. Sons and Daughters-in-Law: Russ and Julie, and Brent and Megan. Grandsons: Everett, Henry and Owen. ICBA service. Federal Delegate Board, chairman. Board of Directors, member. Policy Development.

Ohio 70

Ohio Community Bank Community Lending 70