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, 07:15 AM
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JPMorgan Chase announced it has 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...
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May 01, 2023, 07:23 AM
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First-Citizens Bank & Trust Company (First Citizens Bank), a subsidiary of Raleigh, NC-headquartered First Citizens BancShares, Inc. (First Citizens) announced it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to...
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March 27, 2023, 07:23 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, 07:25 AM
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Columbia Banking System, the parent company of Columbia Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, jointly announced the Federal Deposit Insurance Corporation (FDIC) has approved the previously announced combination of...
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January 10, 2023, 07:15 AM
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A Southwest Georgia businessman and owner of a tractor supply company who pleaded guilty to orchestrating a complicated fraud involving millions of dollars of loans by multiple creditors was sentenced to prison and ordered to pay restitution to his...
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September 20, 2021, 07:25 AM
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First Citizens BancShares Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced the proposal to merge the two companies has received regulatory approval from the...
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July 15, 2021, 07:20 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, 07:25 AM
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The federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a period of three years the day-one regulatory capital effects of the update to the accounting standard known...
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December 27, 2018, 07:15 AM
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The Federal Deposit Insurance Corporation announced that the Deposit Insurance Fund Reserve Ratio reached 1.36 percent, exceeding the statutorily required minimum reserve ratio of 1.35 percent ahead of the Sept. 30, 2020, deadline required under the...
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November 30, 2018, 06:00 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 (Federal Reserve), the Federal Deposit Insurance...
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August 04, 2017, 07:25 AM
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The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans....
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December 14, 2016, 07:18 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, 07:02 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, 07:29 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, 07:30 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, 06:59 AM
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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $34.5 billion in the second quarter of 2012, a $5.9 billion improvement from the $28.5 billion in profits the...
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August 29, 2012, 07:00 AM
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Reuters reported that nine of the largest global banks expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills".According to...
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July 05, 2012, 08:00 AM
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Commercial and industrial (C&I) lending by U.S. financial institutions expanded again in the first quarter, but loan balances are growing at a slower rate as business confidence continues to lag in an uneven economic growth environment and...
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June 01, 2012, 07:30 AM
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