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: Deposit insurance
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.
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.
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.