PNC Bank has acquired a portfolio of capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation ("FDIC") as Receiver. The transaction closed Oct. 2, 2023. The FDIC established...
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October 04, 2023, 08:00 AM
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Bluevine announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x the industry standard of...
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September 05, 2023, 07:00 AM
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Bank regulatory agencies requested comment on a proposal to increase the strength and resilience of the banking system. The proposal would modify large bank capital requirements to better reflect underlying risks and increase the consistency of how...
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July 28, 2023, 08:00 AM
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JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC). In carrying out this transaction, JPMorgan Chase is...
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May 01, 2023, 08:00 AM
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Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDIC’s Supervision of Signature Bank, an internal review evaluating the agency’s supervision of Signature Bank, New York, New York, from 2017 until its failure...
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May 01, 2023, 07:55 AM
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New York Community Bancorp, Inc. announced its bank subsidiary, Flagstar Bank, N.A. (the "Bank") has acquired certain assets and assumed certain liabilities of Signature Bridge Bank ("Signature") from the Federal Deposit Insurance Corporation (the...
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March 20, 2023, 07:48 AM
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Lakeland Bancorp and 1st Constitution Bancorp announced that on December 10, 2021, the Federal Reserve Bank of New York issued a non-objection to Lakeland’s request to waive the application requirement in connection with the proposed merger of 1st...
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December 14, 2021, 06:00 AM
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CVB Financial Corp. (CVBF), the holding company for Citizens Business Bank (Citizens), announced that Citizens has received regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and...
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November 29, 2021, 07:44 AM
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The banking industry reported quarterly net income of $18.8 billion during the second quarter, a 70 percent decline from one year ago, according to data released by The Federal Deposit Insurance Corp. Slightly less than one-half of all banks...
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August 26, 2020, 09:05 AM
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GreatAmerica Financial Services Corporation announced it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to...
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March 06, 2020, 09:10 AM
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For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. The...
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September 09, 2019, 08:00 AM
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The Federal Deposit Insurance Corporation (FDIC) published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report found that banks of different sizes...
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October 02, 2018, 07:16 AM
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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. The improvement in...
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August 31, 2018, 08:02 AM
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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $56 billion in the first quarter of 2018, up $12.1 billion (27.5 percent) from a year ago. The improvement in...
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May 23, 2018, 08:00 AM
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Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released by the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the...
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August 04, 2017, 07:42 AM
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Opus Bank announced Michael Kinnick has joined Opus as Managing Director, Healthcare Banking. Kinnick, an 11-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing...
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August 16, 2016, 07:17 AM
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The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday. In a supplemental report...
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November 11, 2014, 07:25 AM
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Alvarez & Marsal (A&M) has continued the expansion of its Financial Industry Advisory Services group with the addition of Thomas Dujenski, a Managing Director based in Atlanta.A former regional director with the Federal Deposit Insurance Corporation...
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July 31, 2014, 07:53 AM
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The Federal Deposit Insurance Corporation (FDIC) released a research study on long-term consolidation in banking and the implications of this trend for community banks. Drawing from data over the last thirty years, the paper finds that community...
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April 14, 2014, 07:36 AM
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An inter-agency review of complex loans commonly held by multiple U.S. and foreign financial institutions indicates that improvements in asset quality have stalled year-over-year and underwriting standards have diminished post-crisis, highlighting...
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October 15, 2013, 07:21 AM
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The Independent Community Bankers of America (ICBA) thanked the Federal Deposit Insurance Corp. for releasing the results of its comprehensive study on the community banking industry. The study reemphasizes the importance of community banks to the...
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December 19, 2012, 07:46 AM
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The Independent Community Bankers of America (ICBA) today announced that it strongly supports Federal Deposit Insurance Corp. (FDIC) Director Thomas Hoenig’s call for regulators to modify proposed Basel III capital standards because of their...
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September 17, 2012, 06:00 AM
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