Industry News

Joint Press Release: Agencies Announce Results of Resolution Plan Review for Largest and Most Complex Banks

JOINT PRESS RELEASE | JUNE 21, 2024 Federal Deposit Insurance CorporationFederal Reserve Board ________________________________________________________________ Agencies Announce Results of Resolution Plan Review for Largest and Most Complex Banks The Federal Deposit Insurance Corporation and Federal Reserve Board today announced that, following their joint review of the July 2023 resolution plan ...

Update: Press Release: FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity

PRESS RELEASE | JUNE 21, 2024 Updated to include hyperlinks to Board Members' Statements FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of Directors, to handle cl...

Press Release: FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah

PRESS RELEASE | JUNE 21, 2024 FDIC Approves the Deposit Insurance and Merger Applications for Thrivent Bank, Salt Lake City, Utah WASHINGTON The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application submitted by Thrivent Financial for Lutherans (TFL) based in Minneapolis (through its wholly owned subsidiary Thrivent Financial Holdings), to...

Statement by Vice Chairman Travis Hill on the Creation of the Office of Professional Conduct

STATEMENT | JUNE 21, 2024 Statement by Vice Chairman Travis Hill on the Creation of the Office of Professional Conduct The Cleary Gottlieb report released in April paints a grim picture of the working conditions at the FDIC. As the report notes at the outset, for far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, an...

Press Release: FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity

PRESS RELEASE | JUNE 21, 2024 FDIC Board of Directors Creates Independent Office of Professional Conduct and Office of Equal Employment Opportunity WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved the creation of two new, independent offices, reporting directly to the Board of Directors, to handle claims of sexual harassment, discrimination, and other forms ...

Update: FDIC Board of Directors Meeting

BOARD MATERIALS | JUNE 20, 2024 (Updated to correct hyperlinks) FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not send unsolicited e-mail. If...

FDIC Board of Directors Meeting

BOARD MATERIALS | JUNE 20, 2024 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open and closed sessions. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not send unsolicited e-mail. If this publication has reached yo...

Sunshine Meeting Notice: FDIC Board of Directors Meeting

SUNSHINE ACT NOTICE | JUNE 18, 2024 The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Thursday, June 20, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read the Notice & Agenda The FDIC does not send unsolicited e-mail. I...

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | JUNE 4, 2024 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2024. The CRA is a 1977 law intended to encoura...

Press Release: FDIC Survey Highlights Potential Bankable Moments at IRSs Volunteer Income Tax Assistance Providers

PRESS RELEASE | JUNE 4, 2024 FDIC Survey Highlights Potential Bankable Moments at IRSs Volunteer Income Tax Assistance Providers WASHINGTON The Federal Deposit Insurance Corporation (FDIC) released a report today providing insight into the role the Internal Revenue Services (IRS) Volunteer Income Tax Assistance (VITA) providers have in helping unbanked Americans access banking products and servic...

Joint Press Release: Agencies Issue Host State Loan-to-Deposit Ratios

JOINT PRESS RELEASE | MAY 31, 2024 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Issue Host State Loan-to-Deposit Ratios Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios that are used to evaluate compli...

Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2024 and Fourth Quarter 2024

PRESS RELEASE | MAY 31, 2024 FDIC Issues CRA Examination Schedules for Third Quarter 2024 and Fourth Quarter 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2024 and fourth quarter 2024. CRA regulations require each federal bank and thrift regulator to pu...

Press Release: FDIC Makes Publish April Enforcement Actions

PRESS RELEASE | MAY 31, 2024 FDIC Makes Publish April Enforcement Actions No Administrative Hearing Scheduled for June 2024 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in April 2024. There are no administrative hearings scheduled for June 2024. The FDIC issued eight orders a...

Press Release: FDIC Board Winds Down the Special Committee

PRESS RELEASE | MAY 30, 2024 FDIC Board Winds Down the Special Committee WASHINGTON -- On May 7, 2024, the Federal Deposit Insurance Corporation (FDIC) released the report from the independent third-party review of allegations of sexual harassment and other interpersonal misconduct at the FDIC and managements response to that harassment and misconduct, and the independent third-party assessment o...

Press Release: FDIC-Insured Institutions Reported Net Income of $64.2 Billion

PRESS RELEASE | MAY 29, 2024 FDIC-Insured Institutions Reported Net Income of $64.2 Billion Net Income Increased From the Prior Quarter, Driven By Lower Noninterest Expense, Provision Expenses, and Higher Noninterest Income Community Bank Net Income Increased Quarter Over Quarter The Net Interest Margin Fell For the Second Consecutive Quarter Asset Quality Metrics Remained Generally Favorable Wit...

Press Release: FDIC Advisory Committee on Economic Inclusion to Meet Next Week

PRESS RELEASE | MAY 28, 2024 FDIC Advisory Committee on Economic Inclusion to Meet Next Week Two New Members also Announced WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Tuesday, June 4, 2024, to discuss updates from Committee members about key challenges facing their communities and organizations. Panel presentations...

Press Release: FDIC Publishes 2024 Risk Review

PRESS RELEASE | MAY 22, 2024 FDIC Publishes 2024 Risk Review Report highlights risks in banking system including Commercial Real Estate and Consumer Loans WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today published its 2024 Risk Review, which summarizes conditions in the U.S. economy, financial markets, and the banking industry. The FDICs Risk Review is an annual publication and b...

Statement by FDIC Chairman Martin J. Gruenberg

PRESS RELEASE | MAY 20, 2024 Statement by FDIC Chairman Martin J. Gruenberg Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg today issued the following statement:It has been my honor to serve at the FDIC as Chairman, Vice Chairman, and Director since August of 2005. Throughout that time I have faithfully carried out the critically important mission of the FDIC to maintain...

Press Release: FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws

PRESS RELEASE | MAY 17, 2024 FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws The Federal Deposit Insurance Corporation (FDIC) today announces a settlement with Bank of England, England, Arkansas, for violations of Section 5 of the Federal Trade Commission Act (Section 5), the Real Estate Settlement Procedures Act (RESPA), the Fa...

Special Review Committee of the FDIC Board of Directors Releases Independent Third-Party Report

REPORT | MAY 7, 2024 Special Review Committee of the FDIC Board of Directors Releases Independent Third-Party Report The Special Review Committee of the Federal Deposit Insurance Corporation (FDIC) Board of Directors today released the report from the independent third-party review conducted by Cleary Gottlieb. Read the Special Review Committees Press Release Read FDIC Chairman Martin J. Gruenber...


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