Meet Ken Burgess, a quiet but determined advocate for America’s banks.
Browsing: De novo banks
Acting Comptroller of the Currency Keith Noreika provided additional clarity about his views on the deposit insurance application process for de novo banks in a letter to the American Bankers Association today.
In a letter to Acting Comptroller of the Currency Keith Noreika today, ABA highlighted key questions that regulators and policymakers should consider concerning the deposit insurance application process for de novo banks.
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.
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.