Thrivent acquires ILC charter, converts credit union

The Minneapolis-based Thrivent Financial for Lutherans received approval from the Federal Deposit Insurance Corp. on Friday for its industrial loan company application and planned merger between the institution and subsidiary Thrivent Federal Credit Union.

Riverview Bancorp announces next CEO, Dime expands deposits strategy

Vancouver, Washington’s Riverview Bancorp announces Nicole Sherman as its next president and CEO; Happauge, New York-based Dime Community Bancshares is expanding its deposits strategy to Manhattan; UBS hires Guggenheim banker Ananya Das; and more in this week’s banking news roundup.

FDIC sets up two oversight offices in wake of scandals

The two divisions — one focused on employee conduct, the other aimed at improving hiring practices — were created in response to last month’s explosive report on widespread harassment and discrimination at the Federal Deposit Insurance Corp.

Joint Press Release: Agencies Announce Results of Resolution Plan Review for Largest and Most Complex Banks

JOINT PRESS RELEASE | JUNE 21, 2024 Federal Deposit Insurance CorporationFederal Reserve Board ________________________________________________________________ Agencies Announce Results of Resolution Plan Review for Largest and Most Complex Banks The Federal Deposit Insurance Corporation and Federal Reserve Board today announced that, following their joint review of the July 2023 resolution plan submissions of the eight largest and […]

Update: Press Release: FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity

PRESS RELEASE | JUNE 21, 2024 Updated to include hyperlinks to Board Members’ Statements FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of […]