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Showing posts with the label FDIC Press Release.

FDIC Enhances Tool to Prevent Elder Financial Exploitation: FDIC Press Release

fdic.gov FOR IMMEDIATE RELEASE October 15, 2018 En Español The Federal Deposit Insurance Corporation (FDIC) today announced the release of a Spanish-language version of Money Smart for Older Adults . The curriculum, now offered in English and Spanish, has been updated to provide new information and resources to help older adults and their caregivers recognize and prevent fraud, scams, and other types of financial exploitation. The curriculum also includes information to help older adults plan for a secure financial future and make informed financial decisions. Money Smart for Older Adults was developed jointly by the FDIC and the Bureau of Consumer Financial Protection (Bureau) to provide an instructor-led training module that can be used by trusted individuals who serve the older adult population. Instructors often include representatives of social service agencies, law enforcement, and financial institutions, as well as legal professi

FDIC Releases Results of Summary of Deposits Survey I FDIC Press Release

fdic.gov _____________________________________________________ FOR IMMEDIATE RELEASE September 14, 2018 The Federal Deposit Insurance Corporation (FDIC) today released the results of its annual survey of branch office deposits for all FDIC-insured institutions. The latest data are as of June 30, 2018. The FDIC's Summary of Deposits (SOD) provides deposit totals for each of the more than 88,000 domestic offices operated by more than 5,500 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks. The SOD includes historical data going back to 1994 that can be analyzed using online reports, tables, and downloads. SOD users can locate bank offices in a particular geographic area and create custom market share reports for state, county, and metropolitan statistical areas. Market share reports have been expanded to allow users to see market growth and market presence for specific institutions. The SOD is ava

FDIC Press Release: FDIC Encourages Consumers Of All Ages to Set and Achieve Savings Goals

For Immediate Release February 23, 2018 Press Release Media Contact: Greg Hernandez (202) 898-6984 ghernandez@fdic.gov FDIC Encourages Consumers of All Ages to Set and Achieve Savings Goals America Saves Week is  February 26 – March 3, 2018 The Federal Deposit Insurance Corporation (FDIC) today is encouraging people to use America Saves Week as an opportunity to develop, or review their progress toward, financial goals. FDIC Chairman Martin J. Gruenberg said, "During America Saves Week, financial institutions and their community partners collaborate to help people of all ages develop and achieve savings goals. Small steps in building a savings habit can make a big difference over time." The FDIC offers a number of resources to institutions interested in supporting savings and to individuals of all ages who are interested in learning more about saving. For instance, through the FDIC's  Youth Banking Network , financial institutions

United Fidelity Bank, fsb, Evansville, Indiana, Assumes All of the Deposits of Fayette County Bank, Saint Elmo, Illinois: FDIC Press Release - May 26, 2017.

fdic.gov May 26, 2017 FDIC Customer Service Call Center Toll Free - 1-800-930-517 Fayette County Bank, Saint Elmo, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, Evansville, Indiana, to assume all of the deposits of Fayette County Bank. The sole office of Fayette County Bank will reopen as a branch of United Fidelity Bank during its normal business hours. Depositors of Fayette County Bank will automatically become depositors of United Fidelity Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage up to applicable limits. Customers of Fayette Count

FDIC Insured Institutions Earn $44 Billion in Q1 2017, Community Bank Net Income Rises to 5.6 Billion 2017: FDIC Press Release - May 24, 2017

FDIC Press Release - January 9, 2017Jay N. Lerner Sworn In as FDIC Inspector General

  FOR IMMEDIATE RELEASE January 9, 2017 Media contact: Sharon Tushin (703) 562-6340 stushin@fdic.go v Jay N. Lerner was sworn in on Monday as the Inspector General of the Federal Deposit Insurance Corporation (FDIC). Mr. Lerner oversees the Office of Inspector General, which conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. The office also works to detect and deter waste, fraud, and abuse at the FDIC, while promoting economy and efficiency at the agency.

FDIC Press Release - January 4, 2016: FDIC Issues List of Banks Examined fot CRA Compliance

  Press Release

FDIC Press Release - December 2, 2016: List of Banks Examined for CRA Compliance

Press Release FDIC Issues List of Banks Examined for CRA Compliance

FDIC Press Release - November 29, 2016: Net Income Rises to $45.6 Billion at FDIC-Insured Institutions In Third Quarter 2016 - Community Bank Net Income Rises to $5.6 Billion

Press Release FOR IMMEDIATE RELEASE November 29, 2016

FDIC Press Release - September 6, 2016: FDIC to Hold 16th Annual Bank Research Conference in Arlington, Virginia

Press Release FDIC to Hold 16 th Annual Bank Research Conference in Arlington, Virginia Chairman Gruenberg to Speak on First Day of the Two-Day Event

FDIC Press Release - August 30, 2016: Almost All Community Banks' Assessment Rates Decline as Deposit Insurance Fund Surpasses Milestone.

Press Release Almost All Community Banks' Assessment Rates Decline as Deposit Insurance Fund Surpasses Milestone FOR IMMEDIATE RELEASE August 30, 2016 Media contact: Julianne Breitbeil (202) 898-6895 jbreitbeil@fdic.gov More than nine out of 10 small banks are likely to pay less for deposit insurance beginning in the current quarter, the Federal Deposit Insurance Corporation (FDIC) said on Tuesday .

FDIC Press Release - August 22, 2016: The FDIC Offers Tips on Choosing and Using the Right Bank Account

Press Release The FDIC Offers Tips on Choosing and Using the Right Bank Account Other topics in the latest FDIC Consumer News include depositing a check using a smartphone or tablet, protecting against fraudulent transactions on cards, and preparing financially for a disaster

FDIC Press Release - August 18, 2016: Federal Financial Institutions Regulatory Agencies Announce Availability of 2015 Small Business, Small Farm, and Community Development Lending Data Inbox

Press Release Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release August 18, 2016 Federal Financial Institutions Regulatory Agencies Announce Availability of 2015 Small Business, Small Farm, and Community Development Lending Data

FDIC Press Release - August 2, 2016: Regulated Institutions to Submit Self-Assessments of Diversity Policies and Practices

Press Release Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release August 2, 2016

FDIC Press Release - August 2, 2016: Regulated Institutions to Submit Self-Assessments of Diversity Policies and Practices

Press Release Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency For Immediate Release August 2, 2016

FDIC Press Release on July 1, 2016: FDIC Obbudsman Retires

Press Release FDIC Ombudsman Retires FOR IMMEDIATE RELEASE July 1, 2016 Media contact: LaJuan Williams-Young (202) 898-3876 lwilliams-young@fdic.gov

FDIC Makes Public May Enforcement Actions; No Administrative Hearings Scheduled for July 2016: FDIC Press Release - June 24, 2016:

Press Release FDIC Makes Public May Enforcement Actions; No Administrative Hearings Scheduled for July 2016 FOR IMMEDIATE RELEASE June 24, 2016 Media contact: LaJuan Williams-Young (202) 898-3876 lwilliams-young@fdic.gov The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in May. No administrative hearings are scheduled for July 2016.

FDIC Press Release - June 3, 2016: FDIC Issues List of Banks Examined for CRA Compliance.

Press Release FDIC Issues List of Banks Examined for CRA Compliance FOR IMMEDIATE RELEASE June 3, 2016 Media contact: LaJuan Williams-Young (202) 898-3876 lwilliams-young@fdic.gov 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 2016. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. A consolidated list of all state nonmember banks whose evaluations have been made