The FDIC formally launched its highly anticipated initiative to foster de novo bank formation.

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.

In a comment letter today, ABA urged the FDIC to make its communications more effective, streamlined and clear by distinguishing critical information and eliminating duplication. ABA also recommended that the FDIC update its communications platforms and data reporting — and limit the use of Financial Institution Letters to communicate only important supervisory and regulatory information. These comments were submitted in ...

FDIC-insured banks and savings institutions earned $62 billion in the third quarter, an increase of 29.3 percent from the industry’s earnings a year before, the FDIC said today.

Following a recent meeting with FDIC Chairman Jelena McWilliams, ABA today sent a letter to the FDIC calling on the agency to address three critical issues related to its deposit recordkeeping final rule. The 2016 rule requires banks with more than 2 million deposit accounts to upgrade deposit recordkeeping systems to facilitate determination of FDIC-insured deposits should they fail. As ...

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.

When asked which provision of the S. 2155 regulatory reform bill would be most meaningful to them, community bankers were most likely to rank the policy change to make most reciprocal deposits non-brokered.

As the legislative process continues for the first major tax code overhaul in three decades, Senate Finance Committee Chairman Orrin Hatch (R-Utah) yesterday released his own draft of tax reform legislation.

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.