Industry News

PRESS RELEASE | SEPTEMBER 8, 2023 FDIC Releases Report Detailing Supervision of the Former First Republic Bank, San Francisco, California WASHINGTON Today, Federal Deposit Insurance Corporation (FDIC) Chief Risk Officer Marshall Gentry released FDICs Supervision of First Republic Bank, an internal review evaluating the agencys supervision of First Republic Bank, San Francisco, California, from 20...

PRESS RELEASE | SEPTEMBER 7, 2023 FDIC-Insured Institutions Reported Net Income of $70.8 Billion in Second Quarter 2023 Net Income Decreased From the Prior Quarter, Driven By Lower Noninterest Income The Net Interest Margin Declined for the Second Straight Quarter Unrealized Losses on Securities Increased Quarter Over Quarter Community Banks Reported Higher Net Income From the Prior Quarter Loan ...

PRESS RELEASE | SEPTEMBER 5, 2023 FDIC Announces Start of Marketing Process for $33 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank, New York WASHINGTON Today, the Federal Deposit Insurance Corporation (FDIC) announced the start of a marketing process for the approximately $33 billion Commercial Real Estate (CRE) loan portfolio retained in receivership following the failure...

PRESS RELEASE | SEPTEMBER 5, 2023 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 June 2023. The CRA is a 1977 law intended to enc...

JOINT PRESS RELEASE | SEPTEMBER 1, 2023 Conference of State Bank SupervisorsFederal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union Administration Office of the Comptroller of the Currency____________________________________________________________ Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Insti...

PRESS RELEASE | AUGUST 31, 2023 FDIC Issues CRA Examination Schedules for Fourth Quarter 2023 and First 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 fourth quarter 2023 and first quarter 2024. CRA regulations require each federal bank and thrift regulator to...

BOARD MATERIALS | AUGUST 29, 2023 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open session to discuss: Notice of Proposed Rulemaking on Long-term Debt Requirements for Large Bank Holding Companies, Certain Intermediate Holding Companies of Foreign Banking Organizations, and Large Insured Depository Institutions; Resolution Plans Requi...

PRESS RELEASE | AUGUST 25, 2023 FDIC Makes Public July Enforcement Actions;One Administrative Hearing Scheduled for September 2023 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in July 2023. There is one administrative hearing scheduled for September 2023. The FDIC issued ten ...

SUNSHINE ACT NOTICE | AUGUST 22, 2023 FDIC Board of Directors Meeting The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on August 29, 2023. Place: This Board meeting will be open to public observation only by webcast. Visit https://www.fdic.gov/news/board-matters/video.html for a link to the webcast. FDIC Board Members and staff will participate from FDIC Headquarte...

JOINT PRESS RELEASE | AUGUST 17, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationHawaii Department of Commerce and Consumer AffairsNational Credit Union Administration Office of the Comptroller of the Currency____________________________________________________________ Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervis...

PRESS RELEASE | AUGUST 17, 2023 FDIC Announces Chief Learning Officer and Corporate University Appointment WASHINGTON The Federal Deposit Insurance Corporation (FDIC) Board of Directors appointed Dr. Felita Boldin to the position of Chief Learning Officer and Director of Corporate University (CU). Dr. Boldin will start her new position with the FDIC on September 11. Dr. Boldin brings years of exp...

PRESS RELEASE | AUGUST 14, 2023 FDIC Publishes 2023 Risk ReviewReport highlights risks in banking system WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today published its 2023 Risk Review. The report summarizes conditions in the U.S. economy, financial markets, and banking industry. The 2023 Risk Review provides a comprehensive summary of key developments and risks in the U.S. banki...

PRESS RELEASE | AUGUST 4, 2023 FDIC Demands Unbanked, Inc. Cease Making False or Misleading Representations about Deposit Insurance WASHINGTON The Federal Deposit Insurance Corporation (FDIC) today demanded Unbanked, Inc. (Unbanked) of Alpharetta, Georgia, as well as certain of the companys officers, cease and desist from making false and misleading statements about FDIC deposit insurance and to ...

PRESS RELEASE | AUGUST 3, 2023 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 May 2023. The CRA is a 1977 law intended to encoura...

PRESS RELEASE | JULY 28, 2023 Dream First Bank, National Association, of Syracuse, Kansas, Assumes All of the Deposits of Heartland Tri-State Bank of Elkhart, Kansas WASHINGTON Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FD...

JOINT PRESS RELEASE | JULY 28, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation National Credit Union AdministrationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Update Guidance on Liquidity Risks and Contingency Funding Plans (Updated to correct a broken link to the attachment) Federal fina...

JOINT PRESS RELEASE | JULY 28, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation National Credit Union AdministrationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Update Guidance on Liquidity Risks and Contingency Funding Plans Federal financial institution regulatory agencies today updated t...

PRESS RELEASE | JULY 28, 2023 FDIC MAKES PUBLIC JUNE ENFORCEMENT ACTIONS; NO ADMINISTRATIVE HEARING SCHEDULED FOR AUGUST 2023 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in June 2023. There are no administrative hearings scheduled for August 2023. The FDIC issued three order...

JOINT PRESS RELEASE | JULY 27, 2023 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance Corporation Office of the Comptroller of the Currency____________________________________________________________ Agencies Request Comment on Proposed Rules to Strengthen Capital Requirements for Large Banks Bank regulatory agencies today requested comment on a proposal to increase the st...

BOARD MATERIALS | JULY 27, 2023 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporations Board of Directors met in open session to discuss an interagency proposed rule on Regulatory Capital Rule: Amendments Applicable to Banking Organizations Subject to Category I, II, III or IV Standards, and to Banking Organizations with Significant Trading Activity. Materials and inform...