FDIC provides conditional approval for Ohio de novo bank
American Banker
JANUARY 11, 2021
Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.
American Banker
JANUARY 11, 2021
Organizers of First Bank of Central Ohio will need to raise $20 million before it opens.
American Banker
AUGUST 4, 2020
First Bank of Central Ohio would be based near Columbus, where another group opened a bank last year.
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American Banker
MARCH 13, 2020
Organizers of Riverside Bank of Dublin will need to raise $18 million before opening.
CB Insights
JUNE 25, 2021
Ohio-based Lower offers home refinancing, mortgage loan, and home insurance services. The company recently launched a mobile app, HomeFund, an FDIC-insured deposit fund with a 0.75% annual percentage yield. HOW’S THE COMPANY PERFORMING? Lower reported $300M in revenue FY’20 and has funded $3.5B in loans to date.
PYMNTS
JULY 21, 2019
And surprisingly, South Dakota is one of the largest holders of institutional assets in the country, more than $3 trillion, according to the FDIC — three times the size of New York, followed only by Ohio.”. In other news, a retired couple in Australia have lost $900,000 due to a cryptocurrency scam.
CFPB Monitor
SEPTEMBER 10, 2020
Because CCBank is a state-chartered FDIC-insured bank located in Utah, Section 27(a) of the Federal Deposit Insurance Act authorizes CCBank to charge interest on its loans, including loans to California residents, at a rate allowed by Utah law regardless of any California law imposing a lower interest rate limit.
Abrigo
AUGUST 9, 2017
First City Bank, a $60 million-asset institution in Columbus, Ohio, has been performing bottom-up stress testing on their portfolio for over six years. Like First City Bank, financial institutions can use the results of this type of stress testing to understand potential risk migration and to develop better risk rating strategies.
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