Google+
  • Ocwen26.26+0.74 +2.90%
  • Zillow107.80+2.65 +2.52%
  • Trulia45.36+1.53 +3.49%
  • NationStar34.71+1.15 +3.43%
  • CoreLogic27.73-0.01 -0.04%
  • RE/MAX31.49+0.51 +1.65%
  • Fannie Mae2.27+0.11 +5.09%
  • Freddie Mac2.10+0.03 +1.45%
  • Wells Fargo49.18+0.49 +1.01%
  • CitiMortgage50.53+0.46 +0.92%
  • Bank of America16.26+0.05 +0.31%
  • Fidelity National Financial28.30+0.26 +0.93%
  • First American28.31-0.02 -0.07%
  • AUDUSD=X0.8795N/A N/A
  • USDJPY=X106.635N/A N/A
  • WP Stock Ticker
Home | Tag Archives: FDIC

Tag Archives: FDIC

Maryland Charter Bank Shuts Down

failed-bank

Chartered as a national bank in 1880, NBRS converted to a Maryland charter in 2002. Following the financial crisis of last decade, the bank took years of losses from non-performing assets and was never able to find enough capital to return to sound condition, said Acting Commissioner Gordon Cooley of the state's financial regulation office.

Read More »

Risk Retention Rule Nearing Completion

government

Federal Reserve governor Daniel Tarullo echoed Gruenberg's statement, though he was less concrete on a timeline: "I don't know whether I'd say by the end of the year, but I think we're definitely in the home stretch." As it was proposed in 2011, the rule originally called for securities issuers to hold on to 5 percent of a mortgage's risk after selling it unless the borrower made a 20 percent down payment.

Read More »

Bank Collapses Continue to Grow; Failures Total 11

The list of 2014 bank collapses grew into the double digits over the weekend as River Valley Bancorp was forced to close two of its subsidiary operations. In separate releases issued Friday, FDIC announced the shuttering of Valley Bank branches in Moline, Illinois, and Fort Lauderdale, Florida, bringing the 2014 bank failure tally to 11 so far.

Read More »

FDIC Closes Maryland Bank; 9th Bank of 2014

The FDIC announced the closure of another bank, noting that Slavie Federal Savings Bank of Bel Air, Maryland has been closed. The FDIC entered into a purchase and assumption agreement with Bay Bank, FSB of Lutherville, Maryland to assume all the deposits of the recently shuttered Slavie Federal Savings Bank.

Read More »

Ohio Bank Fails; Eighth This Year

Columbia Savings Bank of Cincinnati, Ohio was closed by the Ohio Division of Financial Institutions, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with United Fidelity Bank of Evansville, Indiana to assume the failed bank's deposits.

Read More »

FDIC Urges Institutions to Mitigate Cyber-Related Risk

A release issued Thursday by the Federal Deposit Insurance (FDIC) urged financial institutions to "actively utilize available resources to identify and help mitigate potential cyber-related risks." The timing of the release is particularly germane, considering the recently discovered Heartbleed bug which affects almost two-thirds of the web, as well as recent cyber-attacks on industry giant Ellie Mae.

Read More »
Scroll To Top