Remove Capital Remove Community Bank Remove FDIC Remove Utah
article thumbnail

Utah de novo gets conditional OK from FDIC

American Banker

Organizers of Bank of St. George still need to raise $18 million before opening.

Utah 41
article thumbnail

Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

Industry 108