PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). The new feature in Brex Cash allows customers the choice to hold cash savings with FDIC insurance, or invest in Money Market Funds.
Independent Banker
JUNE 30, 2022
Location: Kansas City, Mo. Academy Bank in Kansas City, Mo., is a full-service commercial bank with 80 branch locations in Arizona, Colorado, Kansas and Missouri. billion-asset holding company also headquartered in Kansas City. Two bank charters (which doubles FDIC coverage). Assets: $2.3
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American Banker
AUGUST 29, 2016
Kansas City Federal Reserve Bank President Esther George is best known nationally as a critic of the Fed’s monetary policy, but in a wide-ranging interview she talks about Dodd-Frank, bank capitalization and the challenges facing community banking, in addition to interest rates.
Abrigo
AUGUST 6, 2021
according to FFIEC and FDIC data. One key area that can be both an obstacle and an opportunity for community banks is technology, the Federal Reserve Bank of Kansas City says. Even though community banks make up a small share of total assets and deposits, 13.5% In the recent publication, Community Banks’ Ongoing Role in the U.S.
Abrigo
JUNE 11, 2021
FDIC) noted in its 2021 Risk Review. As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions.
Abrigo
JULY 26, 2021
Peer rates may be a reasonable starting point. It’s up to management to make adjustments up or down.” . Be Prepared. Timing issues to consider. Peer rates may be a reasonable starting point. However, they encouraged banks to work with their primary regulator to discuss the suitability of SCALE for their institution.
Independent Banker
APRIL 30, 2022
Central Bank of Kansas City. Kansas City. Using FDIC data, we took into account pre-tax return-on-assets (ROA) figures from the past three years, with the most recent year weighted at 3x, second most recent year at 2x and third most recent year at 1x. One American Bank. Sioux Falls. Magnolia Bank, Inc. Mendenhall.
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