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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
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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 103
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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
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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
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Latest CECL FAQs

Abrigo

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. Non-PBE: December 15, 2021.

Policies 186
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A digital-first bank for south Florida

Independent Banker

LeBlanc, Locality Bank’s co-founder, chief operating officer and chief technology officer, previously served 14 years as CTO and chief digital and innovation officer at $8 billion-asset Origin Bank in Choudrant, La. The next month, Locality Bank received final approval for a state charter and FDIC-secured deposit insurance.

Florida 91
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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Before we begin and for comparison purposes, here are last year's top five , as measured in December 2021: #1. Silvergate Capital Corporation (NYSE: SI) #2. In 2021, the bank expensed over $530 thousand to the ESOP to benefit employees. Refreshing!