Remove 2021 Remove Capital Remove FDIC Remove Operations
article thumbnail

FDIC issues final rule on ILC deposit insurance applications

CFPB Monitor

The FDIC has issued a final rule setting forth the conditions it will impose and the commitments it will require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB).

FDIC 78
article thumbnail

The top-performing community banks of 2021

Independent Banker

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. On the next pages, you’ll find our listings of the top-performing community banks of 2021 alongside interviews with some of the winners. Capital Community Bank. Illustration by Eight Hour Day.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Democratic Senators introduce bill to close industrial loan company “loophole”; coalition of financial services and consumer organizations voice support for bill

CFPB Monitor

The parent company of an ILC with a deposit insurance application approved after September 23, 2021 would be subject to the supervisory authority of its “primary financial regulatory agency” as defined in Section 2 of Dodd-Frank (12 U.S.C. The bill is co-sponsored by Senators Bob Casey (D-Pa.) and Chris Van Hollen (D-Md.). 5301) (e.g.

FDIC 78
article thumbnail

Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Although the 2022 Top 5 are holding their own and two of them remain in today's Top 5, the 2021 edition included one bank that failed (SVB Financial Group) and one that is voluntarily liquidating (Silvergate). Total return includes two components: capital appreciation and dividends. What a difference a year makes! M&F Bancorp, Inc.

Fresno 101
article thumbnail

5 Reasons to Increase SBA Loan Origination at Your Bank or Credit Union

Abrigo

Investors buy these loans because the interest rates are generally high compared to the risk, as the only risk the investor incurs is prepayment risk," the FDIC said in a " Supervisory Insights ” article. "In the secondary market, guaranteed loans are liquid and command a premium.

Lending 195
article thumbnail

5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

Investors buy these loans because the interest rates are generally high compared to the risk, as the only risk the investor incurs is prepayment risk," the FDIC said in a " Supervisory Insights ” article. "In the secondary market, guaranteed loans are liquid and command a premium.

Lending 195
article thumbnail

The Future of Noninterest Income at Financial Institutions

Abrigo

Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. A recent study by the Cleveland Fed noted that traditionally, noninterest income is only 30% to 40% of small banks’ operating revenue, compared with over half of large banks’ revenue. Whitepaper. Asset/Liability.