ABA Community Banking

APRIL 4, 2024

The FDIC has released an updated financial inclusion strategic plan that calls on the agency to take steps to encourage bank lending, investments and services that support healthy communities, including in low- and moderate-income neighborhoods and other underserved communities, FDIC Chairman Martin Gruenberg said.

FDIC 40

FDIC Community Lending Community Bank 40

ABA Community Banking

JUNE 15, 2021

The FDIC board today voted to approve an update to its policy statement on minority depository institutions. The statement of policy describes the FDIC’s actions to promote the preservation of MDIs and enhance communication between the agency and minority-owned and managed institutions.

FDIC 52

FDIC Policies Training Management 52

Abrigo

SEPTEMBER 16, 2019

Community bankers are largely positive about the future, based on the first results of a new index gauging business sentiment among the financial professionals who serve a critical role in local economies. These insights have the potential to inform the market and policy makers on the overall health of the economy, opportunities, and risk.”.

Community Bank 150

Community Bank Community Policies Survey 150

CFPB Monitor

JUNE 13, 2022

s review of its bank merger policies. One issue raised in the RFI is “to what extent should the CFPB be consulted by the FDIC when considering the convenience and needs factor and should that consultation be formalized?”. The results are in after the closing of a public comment period related to the Federal Deposit Insurance Corp.’s

FDIC 78

FDIC Groups Community Meeting 78

ABA Community Banking

APRIL 24, 2024

The FDIC named four new bankers as members of the agency's Minority Depository Institutions Subcommittee. The post FDIC names four bankers to MDI subcommittee appeared first on ABA Banking Journal.

FDIC 52

FDIC Community Bank Policies Community 52

ABA Community Banking

SEPTEMBER 17, 2019

The FDIC today approved a final rule allowing community banks with a leverage capital ratio of at least 9% to be considered in compliance with Basel III capital requirements and exempt from the complex Basel Calculation. The post FDIC Final Rule Sets Community Bank Leverage Ratio at 9% appeared first on ABA Banking Journal.

Community Bank 66

Community Bank FDIC Community Capital 66

South State Correspondent

JULY 30, 2023

How should community banks target and compare their ROE to the industry and their peer group, and what defines a top-performing bank? Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T Community banks (assets under $10B) composed 14.3% Community banks (assets under $10B) composed 14.3%

Community Bank 195

Community Bank Community Capital Policies 195

CFPB Monitor

OCTOBER 9, 2018

The FDIC has issued a request for information that seeks comment on how the FDIC can make its communications with insured depository institutions (IDIs) “more effective, streamlined, and clear.” The RFI contains specific questions on which the FDIC seeks input that address three topics: efficiency, ease of access, and content.

FDIC 74

FDIC Community Bank Policies Community 74

ABA Community Banking

JUNE 15, 2021

The FDIC proposed changes to its guidelines for real estate lending policies in order to align standards with the community bank leverage ratio, which does not require electing institutions to calculate tier 2 capital or total capital.

FDIC 51

FDIC Lending Guidelines Community Bank 51

CFPB Monitor

DECEMBER 28, 2020

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78

FDIC Industry Policies Company 78

CFPB Monitor

AUGUST 13, 2018

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities. Finally, Ms.

FDIC 68

FDIC Community Lending Guidelines 68

CFPB Monitor

MARCH 25, 2020

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60

FDIC Policies Regulation Training 60

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

ABA Community Banking

JULY 12, 2024

The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal. Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration.

Community 52

Community Regulation FDIC Community Bank 52

American Banker

APRIL 4, 2024

Chair Martin Gruenberg said the agency would prioritize urging banks to invest in underserved communities as part of a revised economic inclusion plan unveiled Thursday. Federal Deposit Insurance Corp.

Community 28

Community FDIC Policies Compliance 28

ABA Community Banking

OCTOBER 20, 2024

The First National Bank of Lindsay in Lindsay, Oklahoma, was closed Friday by the OCC, which appointed the FDIC as receiver. First Bank and Trust in Duncan, Oklahoma, will assume the insured deposits. The post Oklahoma bank closed by OCC appeared first on ABA Banking Journal.

Oklahoma 98

Oklahoma FDIC National Community Bank 98

ABA Community Banking

DECEMBER 13, 2019

In this bonus episode of the ABA Banking Journal Podcast, senior OCC policy official Grovetta Gardineer digs into the details of the OCC and FDIC's notice of proposed rulemaking on the Community Reinvestment Act. The post Bonus Podcast: Digging into the Details on CRA Modernization appeared first on ABA Banking Journal.

FDIC 98

FDIC Policies Community Community Bank 98

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

Management 150

Management FDIC Risk Management Community Bank 150

FICO

JANUARY 13, 2020

It is safe to say that Las Vegas casinos will not soon be taking bets on the occurrence of future finance policy developments. The road to modernizing the Community Reinvestment Act will include some speed bumps. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA).

Policies 52

Policies Las Vegas FDIC Washington 52

Independent Banker

JANUARY 26, 2016

The FDIC has released a proposal to indemnify the banks with assets less than $10 billion from the costs of raising the Deposit Insurance Fund reserve ratio from 1.15 The provision will ultimately provide thousands of community banks a reduction in deposit-insurance premiums of up to 30 percent. percent to 1.35 Farm Credit System.

FDIC 70

FDIC Community Bank Community Lending 70

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC. Projected changes. Deposit insurance. Quick Stat. Multiple re-presentment fees.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

SEPTEMBER 15, 2022

More construction loan monitoring ultimately decreases loan default, according to a new FDIC Center for Financial Research working paper. The paper, “ Bank Monitoring with On-Site Inspections," will be presented later this month at the Community Banking in the 21st Century Research and Policy Conference. Study features.

Study 195

Study FDIC Lending Risk Management 195

ABA Community Banking

MARCH 19, 2020

The FDIC today issued two sets of frequently asked questions addressing banker and consumer concerns related to the coronavirus pandemic. The post FDIC Issues Coronavirus-Related FAQs for Banks, Consumers appeared first on ABA Banking Journal.

FDIC 86

FDIC Community Bank Policies Capital 86

Independent Banker

OCTOBER 1, 2022

AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. Cyber insurance products vary depending on the carrier and how an individual policy is structured, but most companies offer first-party coverage and third-party liability coverage.

Montana 152

Montana Policies Resources FDIC 152

Abrigo

MARCH 31, 2017

FDIC officials in March outlined several types of weaknesses in loan underwriting, administration and oversight practices that are emerging at some banks with CRE portfolios. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication.

FDIC 186

FDIC Risk Management Analysis Lending 186

ABA Community Banking

OCTOBER 19, 2020

households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report. The post FDIC: Share of Unbanked Americans Reaches Record Low in 2019 appeared first on ABA Banking Journal. The share of U.S.

FDIC 56

FDIC Report Survey ATM 56

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

ABA Community Banking

MARCH 23, 2022

Tate Reeves, only FDIC-insured banks can acquire or merge with Mississippi-chartered state banks. The post New Mississippi Law Limits State-Chartered Bank M&A to Other FDIC-Insured Banks appeared first on ABA Banking Journal. Under a new law signed by Mississippi Gov.

Mississippi 45

Mississippi FDIC Community Bank Policies 45

ABA Community Banking

JUNE 10, 2020

Financial performance among minority depository institutions remained sound through the end of 2019, according to the FDIC's annual report on preserving and promoting MDIs. The post FDIC: Minority Bank Performance Remained Sound in 2019 appeared first on ABA Banking Journal.

FDIC 59

FDIC Report Community Bank Policies 59

ABA Community Banking

OCTOBER 2, 2019

The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington. The post McWilliams Outlines FDIC Steps to Strengthen Minority Banks appeared first on ABA Banking Journal.

FDIC 45

FDIC Washington Community Bank Policies 45

ABA Community Banking

MAY 5, 2022

The Federal Reserve, FDIC and OCC issued a much-anticipated joint notice of proposed rulemaking to modernize regulations implementing the Community Reinvestment Act. The post Agencies propose highly anticipated CRA overhaul appeared first on ABA Banking Journal.

FDIC 52

FDIC Community Regulation Community Bank 52

Perficient

JUNE 10, 2022

According to the Comptroller, the architecture for a stablecoin system can be viewed through the lens of three key policy issues: Stability. One of the greater concerns, in both the crypto community as well as financial regulators and government, is the value stability of the crypto asset. Interoperability. Separability.

blockchain 275

blockchain Regulation Policies FDIC 275

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Main Street Banking: A Podcast for Community Bankers 8. And all release a new episode at least monthly. NextGen Banker 10.

Community 195

Community Lending Maine Resources 195

ABA Community Banking

NOVEMBER 4, 2019

In a comment letter to the FDIC today, the American Bankers Association again called on the agency to return deposit insurance assessment credits owed to banks as expeditiously as possible, so that they can support the institutions’ lending and liquidity.

FDIC 40

FDIC Lending Community Bank Policies 40

Jeff For Banks

JANUARY 12, 2019

Then, as now, my working theory is that the best boards are ones that approve strategy and hold management accountable for achieving it, and effectively dispatch their duties as described by the FDIC above. Seldom answered. Each board member is an ingredient in the effectiveness of the entire board.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

Then, as now, my working theory is that the best boards are ones that approve strategy and hold management accountable for achieving it, and effectively dispatch their duties as described by the FDIC above. Seldom answered. Each board member is an ingredient in the effectiveness of the entire board.

Community Bank 60

Community Bank Community FDIC Dallas 60

ABA Community Banking

FEBRUARY 2, 2022

McWilliams discusses several policy aspects of her tenure at the FDIC, including climate risk, small-dollar lending, CRA reform and the Mission-Driven Bank Fund. The post Podcast: Exit Interview with Jelena McWilliams, Part 2 appeared first on ABA Banking Journal.

FDIC 52

FDIC Policies Lending Community Bank 52