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FDIC Quarterly highlights community bank performance in manufacturing states

ABA Community Banking

The latest issue of the FDIC Quarterly explores loan performance at community banks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights community bank performance in manufacturing states appeared first on ABA Banking Journal.

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First NBC in La. Adds Reg Order to List of Challenges

American Banker

and the Louisiana Office of Financial Institutions on Nov. First NBC Bank Holding in New Orleans said in a press release Thursday that its bank entered into a consent order with the Federal Deposit Insurance Corp.

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Former First NBC executives charged with fraud tied to bank's failure

American Banker

Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse.

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A new dark cloud descends: Fifth Circuit panel rules that CFPB funding mechanism is unconstitutional

CFPB Monitor

The ruling was issued in Community Financial Services Association of America, Limited v. At present, the Fifth Circuit’s decision is only binding on federal district courts in Texas, Louisiana, and Mississippi. In addition to the Federal Reserve, the OCC, FDIC, NCUA, and FHFA are not funded through appropriations.

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