A federal judge in Missouri yesterday dismissed a lawsuit brought by two mutual bank depositors seeking a windfall payout of their bank’s accumulated capital when it merged into another institution.
Mutual banks are increasingly exploring the use of sub debt as a vehicle for growing capital and enhancing strategic choices.
The House tonight approved two ABA-advocated bills.
Meet ABA Treasurer George Hermann, an optimistic ambassador for mutual community banks.
Going through a bank tie-up can be a fraught experience—but the challenge is amplified when two mutual institutions combine.
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.