Perficient
AUGUST 16, 2023
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. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank.
Abrigo
MARCH 20, 2020
The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. This real and sudden situation on a large scale has many financial institutions seeking novel ways to handle their loans, according to Regan Camp, Abrigo Managing Director of Advisory Services. “If
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PYMNTS
OCTOBER 19, 2020
The Society for Human Resource Management (SHRM) has announced its new SHRM Payment Solution, a press release says, which will focus on faster delivery of payment to employees via electronic means. residents in the near future, PYMNTS writes, according to a report by the Federal Deposit Insurance Corp (FDIC). percent in 2011, from 7.6
Abrigo
AUGUST 7, 2023
Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management. Access a brief guide to CECL model validation here.
Abrigo
AUGUST 3, 2017
The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.
Jeff For Banks
OCTOBER 5, 2020
When the TDB shut them down and the FDIC investigators came in, they had to occupy the church next door because of the smell from the fire. The FDIC issued this guidance in June 2011. The OIG was critical of the TDB and the FDIC for how long it took them to uncover the relative level of loan fraud.
Celent Banking
NOVEMBER 17, 2015
In the US, small business customers get bounced around like Goldilocks—they are too small to be of interest to commercial relationship managers and too complex to be easily understood by retail branch staff. Let’s take a look at data compiled by the FDIC starting in 2010. After all, in the United States small businesses comprise 99.7%
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