As part of its ongoing work to facilitate the chartering of de novo institutions, the FDIC is seeking feedback on a manual released today to guide agency staff as they evaluate and process deposit insurance applications.
Browsing: De novo banks
The FDIC today released the final version of its long-awaited handbook to help de novo banks apply for deposit insurance.
Excessive regulation discourages investors from launching de novo banks, thus reducing capacity for economic growth and financial choices for consumers and businesses across the country, ABA Chairman-Elect Ken Burgess said in congressional testimony today.
The FDIC is asking for comments on a new handbook it has developed to help de novo banks apply for deposit insurance.
Federal Reserve Governor Jerome Powell today highlighted the role that the smallest community banks play in the financial system.
In the wake of prominent assertions that Dodd-Frank has had little to no negative effect on community banks and that community banks are better-off than ever, ABA President and CEO Rob Nichols penned an op-ed in Politico today emphasizing that Dodd-Frank and the cumulative regulatory burden are indeed driving community bank consolidation and limiting new bank startups.
Despite recent efforts to clear a path for de novo bank formation, the FDIC still has a long way to go in shifting the agency’s overall attitude toward new banks, ABA EVP Wayne Abernathy wrote in an American Banker op-ed today.
In a letter yesterday to Jason Furman, chairman of the President’s Council of Economic Advisers, ABA President and CEO Rob Nichols provided a more detailed response to claims in a CEA report that that the Dodd-Frank Act and other regulations have had little to no effect on community bank consolidation.
FDIC examinations are seeing far fewer write-ups of Matters Requiring Board Attention, the agency said in the summer issue of its Supervisory Insights publication released today, although corporate governance-related MRBAs are on the rise.
ABA firmly pushed back today against a report from the President’s Council of Economic Advisers claiming that the Dodd-Frank Act and other regulations has had little to no effect on community bank consolidation.