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Seven states and D.C. file lawsuit challenging FDIC “Madden fix” rule

CFPB Monitor

The plain language of the governing federal statute applies only to interest that an FDIC-insured state bank may charge. Allegedly, the FDIC’s rule represents an expansion of the FDIA’s preemption of state law interest rate caps by extending the preemption to assignees of loans originated by such banks.

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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. First State Bank Minnesota. American Bank, National Association. Classic Bank, National Association. Citizens Bank Minnesota. The First National Bank In Sioux Falls. By Ed Avis. Methodology. Security Bank Midwest.

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The top-performing community banks of 2021

Independent Banker

Brazos National Bank. Douglas National Bank. Ultima Bank Minnesota. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank. HNB National Bank. By William Atkinson. Less than $300 million. 3-yr average pre-tax ROA. The Philadelphia Trust Company. Philadelphia.

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Stupid Bank Names

Jeff For Banks

In the mid to late 1990''s, my employer, First National Bank of Maryland based in Baltimore, bought Harrisburg, Pennsylvania based Dauphin Deposit Bank. First Integrity Bank - This Minnesota bank failed in 2008. They put together a transition team. I was on that team. One of our responsibilities was coming up with a new name.

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Plaintiffs in lawsuit challenging OCC Madden-fix rule move for summary judgment

CFPB Monitor

The Attorneys General of California, Illinois, and New York have filed a motion for summary judgment in their lawsuit filed against the Office of the Comptroller of the Currency (OCC) to enjoin the OCC’s final rule purporting to override the Second Circuit’s Madden decision as to national banks and federal savings associations.

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