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When a bank fails after engaging in redlining, who's responsible?

American Banker

New Jersey officials want both the acquirer of its remains, Fulton Bank, and the FDIC to assume some responsibility. Republic First Bank allegedly discriminated against minority borrowers before it went under in April.

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Three Small US Banks Collapse Over Past Month

PYMNTS

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Louisa Community Bank of Louisa, Kentucky also shuttered on Oct.

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New Jersey Community Exits Consent Orders, Swaps Out Directors

American Banker

New Jersey Community Bank in Freehold has exited a pair of regulatory orders. The $102 million-asset bank also said in a press release Tuesday that two siblings have resigned from its board.

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Popular Bank announces changes to overdraft practices, eliminating returned non-sufficient funds fees?

PopularBank

As a bank built on strong ties to the clients and the communities we serve, offering a competitive and a financially inclusive suite of products is a strategic priority,” said Manuel Chinea, Chief Operating Officer at Popular Bank. Committed to empowering our customers’ financial journeys. “As

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

PYMNTS

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. Resolute Bank closed on October 25 and Louisa Community Bank also shuttered on that day.

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New Jersey bank hit with consent order tied to BSA compliance

American Banker

Unity Bancorp must improve its policies and procedures, and increase staff training, for following Bank Secrecy Act and anti-money laundering laws.

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A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. I got news for you John. FDIC insured. Bye-bye municipal deposits. By default.

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