Podcast: Healing ‘Pain Points’ for Multigenerational Family Businesses
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
Browsing: De novo banks
ABA: Rakuten Application Poses Risk to Deposit Insurance Fund
A recent deposit insurance application by Rakuten—a major Japanese e-commerce company—for its U.S. bank subsidiary Rakuten Bank America could pose potential risks for the Deposit Insurance Fund if approved, the American Bankers Association cautioned in a letter to FDIC Chairman Jelena McWilliams today.
FDIC Makes ABA-Advocated Change to Deposit Insurance Application Manual
The FDIC today announced several changes to its Deposit Insurance Application Procedures Manual.
Matchmaker, Matchmaker: The 2020 M&A Outlook
With several serial acquirers out of the market, scarcer targets for purchase and non-traditional deals on the rise, expect banks to turn to experienced matchmakers in 2020 to navigate M&A.
ABA, BPI: Rakuten ILC Application ‘Inconsistent’ with FDIC Standards
The application by Rakuten—a major Japanese e-commerce company—for deposit insurance for its prospective U.S. bank subsidiary does not meet requirements imposed by the Federal Deposit Insurance Act, ABA and the Bank Policy Institute told the FDIC in a letter today.
McWilliams: Capital, Profitability Key Focus with Prospective ILC Applicants
Issues of capital and profitability are key themes in the FDIC’s interactions with fintech companies seeking banking charters, FDIC Chairman Jelena McWilliams said today.
Community Banks Vital to Small Business, Says Florida Bankers CEO
With community banks serving as a critical source of credit for the nation’s small business sector, Florida Bankers Association President and CEO Alex Sanchez today highlighted the importance of maintaining a healthy, vibrant community banking sector in the U.S.
ABA Calls for Increased Transparency, Flexibility in De Novo Application Process
The American Bankers Association today offered several recommendations on how the FDIC can modify the deposit insurance application process for community banks.
McWilliams Discusses Banks’ Critical Role in U.S. Economy, Supervision
In a deeply personal speech at a Florida Bankers Association event last night, FDIC Chairman Jelena McWilliams offered her perspectives on the U.S. financial system and how having an appropriately tailored regulatory framework enables banks to help their customers live the American dream.
Banking Rural America
If we aren’t able to find a way to backfill areas hit hard by bank consolidation, the nation’s impressive economic recovery and growth will leave those towns behind.