South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). While banks under $10B in assets comprise 97.8%

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Abrigo

MAY 20, 2022

Meet Model Risk Management Expectations Updates to the FDIC Risk Management Manual should steer institutions toward a model that manages risk and drives growth. Would you like other articles like this in your inbox? FDIC Update. Model Risk Management in the spotlight. Evaluating Leadership.

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South State Correspondent

AUGUST 21, 2022

In this article, we will discuss what community banks should look for in a hedge provider, specifically in a loan-level hedging program. Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). How Your Hedge Provider Can Be Relational .

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Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The regulator’s April edition of Supervisory Insights provides what the FDIC called a “refresher” on its Pocket Guide for Directors, the 1988 booklet outlining the basic duties and responsibilities of a bank’s board of directors.

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South State Correspondent

APRIL 30, 2022

In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. In future articles, we will explain our modeling for community banks’ COF based on inflation, Fed Funds rates, consumer consumption and the Fed’s balance sheet runoff.

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PYMNTS

JULY 24, 2019

Profits from the new offerings will come from debit card interchange fees, the article said. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter. It notched an $800 million valuation after its Series E funding round, the article said.

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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. Some of these changes include: 1.

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PYMNTS

NOVEMBER 1, 2018

Or, as a recent CNBC article put it, quoting a source, “a mass extinction event.”. Among the latest chronicles of that struggle came this week via a CNBC article , which includes this quote from a 2016 McKinsey & Co. So far, at least, global banks are holding up, based on their most recent reporting periods,” the article says.

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The Financial Brand

MAY 1, 2023

This article How a Fintech Called Save Offers Banks Cheap Deposits and Depositors Big Returns appeared first on The Financial Brand. An FDIC-insured bank account with an 8% interest rate? This article How a Fintech Called Save Offers Banks Cheap Deposits and Depositors Big Returns appeared first on The Financial Brand.

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South State Correspondent

JANUARY 10, 2024

This article will discuss how national, regional, and community banks may use loan hedging programs in 2024 to face earnings challenges. We estimate that approximately another 500 use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). Hedging Adoption As of Q3/23, there were just over 4.5k

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South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). That fact makes the bank’s deposits less sticky and subject to outflow at any sign of insolvency.

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Abrigo

SEPTEMBER 22, 2015

An article in American Banker noted that preparing call reports have become increasingly time-consuming and complex. The article allowed banking executives to weigh in on the subject. A 2014 ICBA survey cited in the article showed that Stewart is not in the minority in her comment. Sound is a $500 million institution.

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MyBankTracker

AUGUST 6, 2020

Sources: FDIC. 2017 FDIC National Survey of Unbanked and Underbanked Households. Related Articles. Bank (configured with the option to receive paper statements). 2020, March). Statistics at a Glance. 2019, June). Top 50 Commercial Banks and Savings Institutions by Total Domestic Deposits. 2018, October).

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Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent to 75.4

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Abrigo

MARCH 9, 2015

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. The FDIC’s “Problem List” dropped to 291 institutions, from 329 in 2013. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent to 75.4

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Abrigo

JUNE 11, 2021

Would you like other articles on asset/liability management in your inbox? FDIC) noted in its 2021 Risk Review. Measuring Interest Rate Risk Can Vary by Institution Interest rate risk measurement plays a key role in ensuring an institution's safety and soundness.

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Jack Henry

AUGUST 10, 2016

In a recent FDIC report titled “Brick and Mortar Banking Remains Prevalent in an Increasingly Virtual World” and Brett King’s article “What the FDIC study on bank branches misses and it’s a massive hole” , there is a healthy discussion of this topic – how many times do clients visit your branch?

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Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Jeff Note: I make no investment recommendations in this article or this blog.

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CFPB Monitor

OCTOBER 27, 2016

According to Politico, the CFPB, OCC, Fed and FDIC have launched a review of bank sales practices, with the reviews to be conducted as special reviews rather than as part of the regular examination process.

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The Financial Brand

MARCH 26, 2024

This article How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks appeared first on The Financial Brand. This article How a Regulatory Nudge Pushed Payday Lending into the Mainstream, Benefiting Borrowers and Banks appeared first on The Financial Brand.

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The Financial Brand

APRIL 1, 2024

This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. This article Major Shifts in Federal Bank Merger Policy Pending from Biden Regulators appeared first on The Financial Brand. The Comptroller's Office and the Federal Deposit Insurance Corp.

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The Financial Brand

MARCH 4, 2024

This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand. This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand. Bankers now say upheaval in the industry has spurred the refinement needed to bring banking-as-a-service to the front of the table.

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MyBankTracker

APRIL 27, 2021

This is a sponsored article that was reviewed by the bank advertiser prior to publication. FDIC insured. FDIC Insurance. Luckily, CIT Bank is an FDIC-insured bank, which means deposits are insured up to $250,000 per depositor per account ownership type. Related Articles. Competitive savings rate. No monthly fee.

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Abrigo

JULY 20, 2021

Want other articles like this on SBA loan origination in your inbox? 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. Looking to Increase SBA Loan Origination?

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Abrigo

JULY 20, 2021

Would you like others articles like this in your inbox? 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. Looking to Increase Loans through the SBA?

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CFPB Monitor

APRIL 15, 2016

In July 2015, the Treasury Department issued a request for information regarding online marketplace lending and, in February 2016, the FDIC published an article highlighting the risks for banks that partner with marketplace lenders. In March 2016, the CFPB announced that it is taking complaints about marketplace lenders.

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Fintech Labs Insights

APRIL 6, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in market with its Mercury Vault, offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 1,400 reviews) – Trustpilot : 3.6 (550

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Fintech Labs Insights

JUNE 26, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in the market with Mercury Vault , offering $5 million in FDIC insurance by distributing balances across 20 insured banks. Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? 1,900 reviews) – Trustpilot : 3.5 (613

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Gonzobanker

MAY 4, 2020

LendingClub/Radius Bank: The acquisition of Radius Bank would bring an FDIC-approved, low-cost source of deposits and broader banking services to LendingClub. Other similar challengers Square and Varo Money received FDIC approval in the past couple months. Stripe raises $600M at $36B valuation.” TechCrunch, April 2020.

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The Financial Brand

SEPTEMBER 24, 2023

This article Is the Spike in Banks’ Use of Brokered Deposits Cause for Alarm? This article Is the Spike in Banks’ Use of Brokered Deposits Cause for Alarm? appeared first on The Financial Brand. Why brokered deposits are in the news and why deposit-hungry bankers should care where the debate is heading.

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The Financial Brand

OCTOBER 8, 2023

This article Should Fintechs Buy or Build Their Way into Banking Today? This article Should Fintechs Buy or Build Their Way into Banking Today? appeared first on The Financial Brand. Acquisitions aren't easy, but new charters for fintechs are elusive. A bank law veteran weighs options in which both banks and fintechs have a stake.

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The Financial Brand

NOVEMBER 26, 2023

This article Will Federal Guidance Have ‘Chilling Effect’ on Banking-as-a-Service? This article Will Federal Guidance Have ‘Chilling Effect’ on Banking-as-a-Service? appeared first on The Financial Brand. Federal regulators don’t love BaaS. appeared first on The Financial Brand.

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CFPB Monitor

FEBRUARY 23, 2022

The agencies consist of the CFPB, FDIC, OCC, Federal Reserve Board, NCUA, HUD, DOJ, and FHFA. Two leaders of the CFPB’s Fair Lending Office recently published an article advocating for broader use of SPCPs by creditors and calling SPCPs a “central priority” for the CFPB’s efforts to address racial equity.

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The Financial Brand

OCTOBER 12, 2023

This article Researchers Say the Federal Safety Net Isn’t a ‘Moral Hazard’ After All appeared first on The Financial Brand. This article Researchers Say the Federal Safety Net Isn’t a ‘Moral Hazard’ After All appeared first on The Financial Brand. Were they wrong all this time?

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The Financial Brand

JULY 2, 2023

This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand. This article What Bank & Fintechs Must Know About Washington’s New Guidance on Partnerships appeared first on The Financial Brand.

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CFPB Monitor

JUNE 10, 2021

Dougherty recently authored an article calling for the OCC’s abolishment and merger into the Federal Deposit Insurance Corp. After reviewing the history of the creation of the OCC and Federal Reserve Banks, we examine and debate Mr. Dougherty’s arguments in support of his position.

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Jeff For Banks

MAY 21, 2023

If you continue to read this article, you must be interested in breaking from the time-honored tradition of screwing your customers that don't pay attention to the rate you are paying them. I do get FDIC insurance, and the benefit of the branch and possibly a person to call on the phone. Maybe "screwing your customers" is harsh.

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