n a surprise announcement today at an mutual bank virtual forum co-hosted by the FDIC and OCC, a Federal Reserve official announced that the Federal Reserve has, via interpretive letter, determined that OCC-regulated savings associations that choose to exercise the option to become a “covered savings association” under Section 206 of the 2018 S. 2155 regulatory reform law will now be treated as national banks for purposes of regulation by the Federal Reserve.
Browsing: Mutual Banks
For Bernard Tynes, realizing the power of marketing takes the perfect combination of gut feeling and hard information.
In a letter to Acting Comptroller of the Currency Blake Paulson this week, American Bankers Association President and CEO Rob Nichols raised concerns about recent attempts by credit unions to purchase federally chartered banks, including federal mutual savings associations.
Culture is important for every bank, but never more so than when employees are remote amid the COVID-19 pandemic. Pat Weigel discusses how Norway Savings Bank’s employees build its “high-achievement, high-support” culture.
When Gilda Nogueira’s family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB.
On this Presidents Day bonus episode of the ABA Banking Journal Podcast, Amity Shlaes discusses Calvin Coolidge’s personal and professional background, relationships with banks and bankers and how these shaped his economic policy in the 1920s.
Before returning to banking in 2016 as CEO of Passumpsic Bank, Jim Kisch spent a decade and a half as founder or co-founder of software firms that served the financial industry. On the podcast, Kisch talks about lessons he brought from his tech entrepreneurship career,
The American Bankers Association, the International Banking Federation and other trade organizations wrote to the Organization for Economic Co-operation and Development and European Commission today highlighting various compliance challenges related to tax withholding rules and procedures in connection with cross-border transactions during the coronavirus pandemic.
Two rising community bank executives in North Carolina share lessons in career development and leadership.