Going through a bank tie-up can be a fraught experience—but the challenge is amplified when two mutual institutions combine.
Browsing: Mutual Banks
The savings bank was a perfect fit for the America of its time, and it would fundamentally transform the way Americans thought about their money.
As Congress prepares to vote on the Financial Choice Act, ABA today wrote to House leadership commending the House Financial Services Committee Chairman Jeb Hensarling (R-Texas) for his efforts to bring regulatory relief to the nation’s banks.
ABA and the Missouri Bankers Association have filed a friend-of-the-court brief in a Missouri case in which two mutual thrift depositors claim that they are entitled to a distribution of their thrift’s capital at the time the bank merged into another institution.
The OCC today named six bank CEOs to its Mutual Savings Association Advisory Committee, which advises the OCC about mutual banks, assesses their current condition, and offers feedback on regulatory changes affecting mutuals’ health and viability.
The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.
House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.
Speaking to ABA’s Mutual Community Bank Forum today, Rep. Keith Rothfus (R-Pa.) announced that he has reintroduced legislation that would help mutual banks increase their capital levels.
Senate Banking Committee member Mike Rounds (R-S.D.) has been added to the keynote speaker lineup for the ABA Government Relations Summit, March 20-22 in Washington, D.C.
Reps. Keith Rothfus (R-Pa.) and Jim Himes (D-Conn.) and Sens. Heidi Heitkamp (D-N.D.) and Jerry Moran (R-Kan.) today introduced ABA-advocated bills to help federal savings associations serve their customers more flexibly while retaining their unique thrift charter.