Remember when banks couldn’t cross state lines? We do. Federal regulations prohibited the practice. Although, as the country stumbled its way through the Savings and Loan crisis in the 1980s, many states passed their own laws permitting out-of-state bank holding companies to acquire banks in their state under certain circumstances.
On June 5th, Jelena McWilliams was sworn in as the 21st Chairman of the FDIC. As head of one of the nation’s bank regulatory agencies, she has a tough road ahead of her. Arguably the most crucial topic today, as Dodd-Frank is being dismantled, is where should regulation draw the line?
Bauer’s new website makes it easier than ever to find banks with DBAs (doing business as another name). This will make it infinitely easier to get the correct rating on a bank or banks that operate under more than one name …because Bauer doesn’t want it to be fairly easy to find the correct bank. We want it to be virtually impossible to select the wrong bank.
Community banks are an integral part of local lending and regulators agree that smaller institutions “are often better positioned than larger institutions to understand and quantify local real estate market values.”
Late last month, in an unusual show of solidarity, Camden Fine, President & CEO of the Independent Community Banks of America (ICBA) and Jim Nussle, President & CEO of the Credit Union National Association (NCUA), wrote a joint letter to…