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Lessons Learned From the Fourth United States Bank Failure of 2023

Perficient

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. He was promoted to President and CEO in 2008.

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The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. A mid-2020 survey performed by Cornerstone Advisors showed that 51% of retail customers that opened a new bank account within the last three months did so at a large, national bank. It was a pretty alarming slide.

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Trump transition team releases names of additional CFPB landing team members

CFPB Monitor

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Mr. Atkins is an attorney who served as a commissioner on the SEC from 2002 to 2008. According to the President-elect’s website , Mr. Atkins will also be a member of the FTC landing team.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. American Bank, National Association. By Ed Avis. Methodology.

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Diversity reports at two federal agencies offer glimpse of regulatory review under impending Dodd-Frank diversity standards

CFPB Monitor

Two reports recently issued by the Offices of Inspector General at the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) may provide some insight on the impending final standards. ( FDIC Report ; OCC Report ).

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The Mother List of All Banking Books

Jeff For Banks

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. 2008 Richard P. Bernstein Bernstein, Peter L.

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Bank Customers Lose Real Money

Jeff For Banks

Then, boom, the 2008 financial crisis. Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. The Fed Funds Rate stood at 5.25%, and inflation in check at 2.5%. Your money grew. Taxes go down? I made a funny.

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