American Banker

JUNE 6, 2024

A Minnesota trade group and its co-plaintiff, Lake Central Bank, signaled that they plan to appeal a district court's dismissal of their lawsuit against the FDIC. The case involves the agency's guidance on nonsufficient funds fees.

Minnesota 67

Minnesota FDIC Groups Policies 67

American Banker

JULY 21, 2023

The Minnesota Bankers Association and Lake Central Bank jointly filed a lawsuit against the Federal Deposit Insurance Corp. over its nonsufficient funds fee rules' inclusion of "unfair or deceptive acts or practices" violations in its policy.

Minnesota 28

Minnesota FDIC Policies Compliance 28

American Banker

SEPTEMBER 20, 2023

The FDIC is asking a judge to dismiss the case, arguing that the plaintiffs lack standing to sue. The lawsuit takes issue with the agency's 2022 guidance on nonsufficient funds fees, a hot-button topic in the banking industry.

FDIC 36

FDIC Minnesota Industry Compliance 36

Independent Banker

OCTOBER 1, 2022

In November 2021, the FDIC, OCC and the Board of Governors of the Federal Reserve System approved a new rule requiring banking organizations to notify regulators of “any significant computer-security incident” as soon as possible and no later than 36 hours after a determination that such an incident occurred.

Montana 152

Montana Policies Resources FDIC 152

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. First State Bank Minnesota. Citizens Bank Minnesota. American National Bank of Minnesota. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending.

Community Bank 172

Community Bank Community National Philadelphia 172