CFPB Monitor

AUGUST 3, 2022

On July 25, 2022, the FDIC issued Financial Institution Letter (FIL)-34-2022 announcing updates to Chapters 1 and 4 of its Formal and Informal Enforcement Actions Manual (Manual). The Manual includes updates to the minimum standards for the FDIC’s termination of cease-and-desist and consent orders.

FDIC 78

FDIC Compliance Regulation Regional 78

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC).

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC).

Community Bank 195

Community Bank FDIC Community National 195

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking.

Community Bank 122

Community Bank Community FDIC Marketing 122

South State Correspondent

AUGUST 21, 2022

Meet Competitive Pressures: National and larger regional banks are specifically targeting better borrowers for seven, ten, or 20-year fixed-rate loans. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC).

How To 195

How To Community Bank Community FDIC 195

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

Community Bank 150

Community Bank Community Regional Cleveland 150

CFPB Monitor

DECEMBER 22, 2020

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

FDIC 78

FDIC Capital National Regulation 78

PYMNTS

JANUARY 7, 2021

GO2bank is built to be the go-to destination for seamless, affordable, useful banking — combining the security, stability and experience of an FDIC-insured bank with the innovation and agility of a leading FinTech,” Green Dot Corp. CEO Dan Henry said in a press release. Stimulus Checks Pose Issues For H&R Block, TurboTax .

California 142

California FDIC Regional Taxes 142

American Banker

JANUARY 30, 2025

s impending Synapse rule and Regions Bank's play for an open banking future. Pressing tech items across banking include the Federal Deposit Insurance Corp.'s

FDIC 78

FDIC Regional Cyber Security Industry 78

South State Correspondent

NOVEMBER 18, 2024

FDIC-reporting institutions but only 319 of those institutions (or 7.1% We estimate that another 600 banks use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). As of Q3/24, there were almost 4.5k of the total) used swaps directly.

Strategy 195

Strategy Community Bank Community FDIC 195

South State Correspondent

DECEMBER 17, 2024

FDIC-reporting institutions to include banks and savings institutions. On the other hand, virtually all regional and national banks use some version of RAROC loan pricing, and those banks make pricing decisions using ROA/ROE as ex ante measurements. Community Bank Consolidation As of Q3/24 there were approximately 4.5k

Community Bank 195

Community Bank Community Tools Capital 195

PYMNTS

APRIL 24, 2020

bank technology firm securing $100 million to expand in the region. As an FDIC insured bank in the U.S., B2B FinTech investments appear to be relatively strong, too. This week, Southeast Asia is in the spotlight, with one U.S. Plus, an accounts payable technology company announced a $127 million equity round. KarbonCard. next year.

Fintech 193

Fintech Capital Security Digital Banking 193

PYMNTS

SEPTEMBER 18, 2020

Regional players like BankUnited have even smaller market caps (at about $2 billion). Accounts are FDIC-insured through a partnership with Bancorp Bank. With the $14.5 billion valuation, Chime passes Robinhood , valued at about $11 billion, as the most highly valued (private) startup.

Los Angeles 231

Los Angeles UX Cards FDIC 231

South State Correspondent

JANUARY 10, 2024

This article will discuss how national, regional, and community banks may use loan hedging programs in 2024 to face earnings challenges. We estimate that approximately another 500 use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). Hedging Adoption As of Q3/23, there were just over 4.5k

Community Bank 195

Community Bank Community National Regional 195

South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio.

social media 195

social media FDIC Branding Management 195

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

Abrigo

AUGUST 9, 2017

Bank President Charlie Cecil explained that the bank segments their portfolio by filters such as geographic region and product type and then tracks the migration of risk grading by utilizing market data on trends in property values. Appraised values for properties are then adjusted by the amount of average decline in the market.

Columbus 150

Columbus Ohio Strategy FDIC 150

PYMNTS

APRIL 2, 2019

Following approval by the Federal Deposit Insurance Corporation (FDIC) and Washington, D.C.’s MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

Community Bank 117

Community Bank Community FDIC Washington 117

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. Loans across categories increased, with commercial and industrial loans growing at the fastest rate, roughly 5.3 percent over the 3rd quarter of 2013.

Training 170

Training Policies Analysis Community Bank 170

PYMNTS

JULY 11, 2018

Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank.

Digital Banking 103

Digital Banking United States FDIC ATM 103

PYMNTS

AUGUST 16, 2019

15) that it will launch regional commercial banking operations in New York and Los Angeles in an effort to grow its corporate client base and connect existing business customers in the markets with its senior banking professionals. and offer clients FDIC-insured accounts. The bank announced Thursday (Aug.

Los Angeles 101

Los Angeles New York FDIC Lending 101

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. Groshans said that such financial institutions as Zions, Regions Financial, Citizens Financial, Huntington, American Express and Keycorp would benefit from the law. The Economic Growth, Regulatory Relief, and Consumer Protection Act , S.

Regulation 100

Regulation Regional Innovation Community 100

BankInovation

APRIL 28, 2023

First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments.

San Francisco 52

San Francisco FDIC New York Regional 52

American Banker

OCTOBER 10, 2023

The Federal Deposit Insurance Corp. issued a proposal requiring larger banks to implement a three-line-of-defense risk management model and increased board independence in response to observed weaknesses in corporate governance during past financial crises and recent bank failures.

Guidelines 36

Guidelines Regional FDIC Risk Management 36

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. In 2018, the number of banks declined by almost a third to 4,708 institutions.

Lending 195

Lending Fraud Community FDIC 195

Independent Banker

NOVEMBER 21, 2021

submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors. The planned de novo in Concord, N.H., Impact is meaningful when it is local, tangible and specific,” he says. Charley Cummings, Walden Mutual. Setting down roots.

Community 170

Community New Hampshire New York Millennials 170

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. How long before those corporate accounting system providers strike a deal with some regional or national bank to provide seamless views to corporate customers? Was Vanguard a disruptor? No worries, probably not your customers.

Technology 104

Technology Cyber Security FDIC Strategy 104

Celent Banking

AUGUST 3, 2016

At a crude estimate, that’s somewhere in the region of 70 billion transactions that would need to convert in the next 30 years or so. FDIC research shows that c. Second, the same Fed research shows that if they were unable to use their preferred payment type, 60% chose to use cash as their second choice.

Survey 100

Survey FDIC US Cards 100

PYMNTS

SEPTEMBER 18, 2020

Regional players like BankUnited have even smaller market caps (at about $2 billion). Accounts are FDIC-insured through a partnership with Bancorp Bank. With the $14.5 billion valuation, Chime passes Robinhood , valued at about $11 billion, as the most highly valued (private) startup.

Los Angeles 140

Los Angeles UX Cards FDIC 140

Independent Banker

APRIL 30, 2022

Genesee Regional Bank. Philip Pecora, president and CEO, Genesee Regional Bank. Genesee Regional Bank. Philip Pecora, president and CEO Genesee Regional Bank. Q: Why has Genesee Regional Bank succeeded? First Bank. Burkburnett. Home Loan Investment Bank, F.S.B. HNB National Bank. Presidential Bank, FSB. Old Monroe.

Community Bank 172

Community Bank Community Montana Taxes 172

Jeff For Banks

SEPTEMBER 10, 2011

Neither supported this regional president''s opinion. They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. Bank of the Ozarks has historically been a very good performer as they grew and prior to their recent FDIC deal binge.

Arkansas 65

Arkansas South Carolina FDIC North Carolina 65

American Banker

JULY 24, 2023

Banks may be trying to pay less of a special assessment to recoup the losses to the deposit insurance fund after the regional bank crisis this spring.

FDIC 36

FDIC Regional 36

Abrigo

FEBRUARY 8, 2024

The FTC and the OCC have resources available for financial institutions to use for client education, and so do other agencies and groups: The FDIC has a fraud education web page for students, parents, and teachers to help young people learn ways to protect themselves and to quiz youngsters on spotting scams.

Fraud 195

Fraud Resources social media Software 195

Jack Henry

APRIL 30, 2014

The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. Regional Coalitions. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. Secret Service Electronic Crimes Task Force (ECTF).

Fraud 88

Fraud Cyber Security ATM FDIC 88

Independent Banker

JULY 30, 2015

With a consultative approach, I ensure members’ needs are being met through our eight regional offices,” he says. While all of ICBA’s members are FDIC-insured, the association represents Federal Reserve member banks, nationally chartered banks and state-chartered institutions. IB: What does ICBA membership involve?

Resources 70

Resources Tools Community Bank Community 70

Jeff For Banks

JUNE 24, 2010

One regulator, on a panel at a banking conference, told a tale of a recent conversation he had with his regional director. The regional director voiced his concern, to which the examiner responded "what alternative to real estate as collateral should I suggest?" Are these more reliable? What segments are growing? Let me offer a story.

Lending 65

Lending Regulation FDIC Regional 65

American Banker

FEBRUARY 23, 2016

On the one hand, the FDIC's Quarterly Banking Profile showed how normal banking is again. But there were also worrying signs, including an increase in charge-offs, higher loan-loss provisions, and fears of the impact from the energy sector.

FDIC 28

FDIC Report Cards Community Bank 28