FDIC’s McWilliams: De Novo Activity ‘Not Where It Should Be’
Addressing the shortage of de novo banks in the U.S. over the past several years, FDIC Chairman Jelena McWilliams today said more can be done to encourage new bank formation.
Browsing: De novo banks
A Fresh Perspective
With a powerful personal story and real-world banking experience, Jelena McWilliams is shaking up the FDIC.
Burgess to Bankers: ‘Sharpen Your Pencils’
Reflecting on a year that saw many positive legislative and regulatory changes for the banking industry, outgoing ABA Chairman Ken Burgess urged bankers to remain engaged in advocacy as these changes are implemented.
Podcast: Reversing the De Novo Flatline
In the more than eight years since the Dodd-Frank Act passed, just 13 new U.S. banks have been chartered — and in some years, no new banks have been chartered at all. ABA Chairman Ken Burgess, who co-founded FirstCapital Bank of Texas as a de novo two decades ago, is concerned about these numbers.
FDIC to Post Key Performance Metrics on Website
Under a major new transparency initiative, the FDIC will publish key performance metrics on its website, agency chairman Jelena McWilliams said today.
ABA Data Bank: Economic Recovery Leaving De Novo Banks Behind
New bank charters historically mirrored new business startups, but sharply declined after the financial crisis and have not yet recovered.
FDIC Chair McWilliams to Keynote ABA’s Annual Convention
FDIC Chair Jelena McWilliams will deliver a keynote address at this year’s ABA Annual Convention, to be held Oct. 21-23 in New York, the association announced today.
Rising Rates, Strong Economy Drive Higher Q2 Bank Profits
FDIC-insured banks and savings institutions earned $60.2 billion in the second quarter, a 25.1 percent increase from the industry’s earnings a year before, the FDIC said today.
Banker Task Force Shares Recommendations on Enhancing De Novo Process
Amid growing interest among investors and bankers in de novo bank charters, ABA Chairman Ken Burgess convened a banker task force to identify current obstacles to de novo formation and recommend solutions.
FDIC’s McWilliams Previews Agenda at the Agency
Giving her first public remarks since becoming FDIC chairman two weeks before, Jelena McWilliams today previewed several elements of her agenda at an industry conference in Washington, D.C.