ABA Members Named to 2022 Fed Advisory Council

The Federal Reserve today announced the members of its 2022 Community Depository Institutions Advisory Council, which includes several ABA member ...

CDIAC Calls for Framework for Better Collaboration on Cyber Threats

Cybersecurity

January 19, 2022

Members of the Federal Reserve’s Community Depository Institution Advisory Council flagged cybersecurity threats—particularly related to ransomware—as a top threat facing ...

Survey: Four in 10 Businesses Expect Credit Needs to Rise in 2022

Community Banking

January 5, 2022

Despite uncertainty related to COVID-19, four in 10 businesses say they expect their credit needs to increase in 2022, according ...

Treasury Announces $8.7B Investment in CDFIs, MDIs

Community Banking

December 14, 2021

The Treasury Department, through its Emergency Capital Investment Program, will invest $8.7 billion in community financial institutions, which includes community ...

OCC: Operational, Strategic Risk Elevated; Banks Remain Resilient

Compliance and Risk

December 6, 2021

In its Semiannual Risk Perspective Report, the OCC flagged operational and strategic risk as being elevated, with banks continuing to ...

ABA Adds 11 Banks to ABAQ Index

Community Banking

December 1, 2021

The American Bankers Association added 11 banks to its Nasdaq Community Bank Index (ABAQ) today.

FDIC: Bank Profits Up in Third Quarter as Capital, Liquidity Levels Remain Strong

Community Banking

November 30, 2021

FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year ...

OCC Nominee Takes Softer Stance on ‘Relationship Banking’ in Prepared Testimony

Community Banking

November 17, 2021

In prepared testimony submitted ahead of her nomination hearing tomorrow, Saule Omarova, President Biden’s nominee for comptroller of the currency, ...