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CA lawsuits challenging OCC and FDIC “Madden fix” rules to be heard by same judge

CFPB Monitor

The two lawsuits filed in federal district court in California by state attorneys general challenging the OCC and FDIC “ Madden fix” final rules will both be heard by Judge Jeffrey S. When the lawsuits were filed, the lawsuit against the OCC was assigned to Judge White and the lawsuit against the FDIC was assigned to a different judge.

FDIC 78
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Are de novos making a comback?

Abrigo

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.

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FDIC Encourages Participation with the Financial Institution Diversity Self-Assessment

CFPB Monitor

On March 15, 2021, the FDIC’s Office of Minority and Women Inclusion (OMWI) released a Financial Institution Letter regarding diversity self-assessments. The FDIC’s request mirrors those by shareholder activists to obtain greater disclosure from corporate boards on the efficacy of their diversity programs.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. By Ed Avis. Methodology. The First National Bank In Sioux Falls. Sioux Falls.

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Federal and State Banking Regulators Issue New Examination Procedures on Sampling Methodologies, UDAP/UDAAP, and CARES Act

CFPB Monitor

On June 23, 2020, the federal banking regulators (FDIC, OCC, FRB and NCUA) and state bank and credit union regulators jointly issued interagency examination guidance to assess the safety and soundness of financial institutions affected by the coronavirus crisis.

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PacWest Exits FDIC Loss-Share Agreements

American Banker

PacWest Bancorp in Los Angeles is the latest bank to exit its loss-share agreements with the Federal Deposit Insurance Corp.

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The top-performing community banks of 2021

Independent Banker

Using FDIC data, we took into account pre-tax return-on-assets (ROA) figures from the past three years, with the most recent year weighted at 3x, second most recent year at 2x and third most recent year at 1x. Douglas National Bank. Sherburne State Bank. Home Bank of California. First Security Bank of Deer Lodge. Deer Lodge. Rapid City.