How many credit unions acquired banks in 2024?
The trend of credit unions buying banks is a lightning rod for controversy in the banking industry. Despite this, such mergers are increasingly common.
FDIC MAKES PUBLIC JUNE ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARING SCHEDULED FOR AUGUST 2024
PRESS RELEASE | JULY 26, 2024 FDIC MAKES PUBLIC JUNE ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARING SCHEDULED FOR AUGUST 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June 2024. There are no administrative hearings scheduled for August 2024. The […]
Housing: The issue everyone is thinking about but not talking about
Despite being a top concern for a wide swath of voters, housing affordability has largely been absent from presidential politics.
Regulators issue joint warning on bank-fintech risks
While the federal banking agencies are not changing any current rules, they issued a joint statement Thursday cautioning banks about risks in third-party deposit partnerships. They are also seeking public input on bank-fintech partnerships more generally.
Joint Press Release: Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements
JOINT PRESS RELEASE | JULY 25, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ Agencies Remind Banks of Potential Risks Associated with Third-Party Deposit Arrangements and Request Additional Information on Bank-Fintech Arrangements The federal bank regulatory agencies today issued a statement reminding banks of potential risks associated with third-party arrangements to […]
Treasury’s big push to protect banks from cyber threats
Project Fortress encompasses four initiatives Deputy Secretary Wally Adeyemo hopes will “improve the security and resilience of the financial services sector.”
Cullen/Frost goes big in Texas, gets boost from energy lending
The San Antonio-based bank is in the midst of a yearslong expansion effort spanning Houston, Dallas and Austin — all of which are fueling loan growth.
Joint Press Release: Agencies Announce Public Outreach Meeting As Part of Their Review of Regulations
JOINT PRESS RELEASE | JULY 25, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ Agencies Announce Public Outreach Meeting As Part of Their Review of Regulations Federal bank regulatory agencies will hold a virtual public outreach meeting on September 25, 2024, as part of their review of regulations under the […]
Joint Press Release: Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden
JOINT PRESS RELEASE | JULY 25, 2024 Federal Deposit Insurance CorporationFederal Reserve BoardOffice of the Comptroller of the Currency________________________________________________________________ Federal Bank Regulatory Agencies Seek Comment on Interagency Effort to Reduce Regulatory Burden The federal bank regulatory agencies today announced their second notice requesting comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction […]
Michigan community banks strike deal to merge
ChoiceOne Financial Services would pay about $180 million to acquire Fentura Financial in a bid to expand in Detroit’s suburbs. The deal would create a bank with more than $4 billion of assets.