PYMNTS
NOVEMBER 18, 2019
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 ). Assets and deposits were assumed by Industrial Bank, a press release from the FDIC indicated. “On Resolute Bank in Maumee, Ohio closed on Oct.
CFPB Monitor
JUNE 15, 2022
Four Democratic members of the California state legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to originate high-cost installment loans.
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American Banker
AUGUST 4, 2020
First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.
PYMNTS
JULY 21, 2019
And surprisingly, South Dakota is one of the largest holders of institutional assets in the country, more than $3 trillion, according to the FDIC — three times the size of New York, followed only by Ohio.”. In other news, a retired couple in Australia have lost $900,000 due to a cryptocurrency scam.
Abrigo
AUGUST 9, 2017
First City Bank, a $60 million-asset institution in Columbus, Ohio, has been performing bottom-up stress testing on their portfolio for over six years. Like First City Bank, financial institutions can use the results of this type of stress testing to understand potential risk migration and to develop better risk rating strategies.
CFPB Monitor
DECEMBER 8, 2022
the SEC for registered brokers or dealers) or, if Section 2 does not assign a “primary financial regulatory agency,” the FDIC. The ILCs subject to this FDIC authority would include ILCs approved for deposit insurance on or before September 23, 2021. 5301) (e.g.
American Banker
JANUARY 11, 2021
Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.
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