The Department of Banking and Securities immediately named the Federal Deposit Insurance Corporation “as receiver of the bank.” The FDIC also issued a press release on the bank’s failure.

The bank-in-formation is forecasting an opening date late in 2023. Former FDIC Bank Examiner Marc Minish is getting closer to realizing a longtime dream of opening a de novo community bank. Minish is ...

Bank management “did not always heed FDIC examiner concerns, and was not always responsive or timely in addressing FDIC supervisory recommendations,” the report said. Contagion effects from ...

The top US financial regulators last summer rolled out a raft of proposed rules aimed at preventing another round of bank failures and industry turmoil. But those efforts won’t hold if the ...

Bank regulator the Federal Deposit Insurance ... Kelsi Foutz, a former Salt Lake City- and San Francisco-based FDIC senior risk management examiner, agreed. “For the longest time, I didn ...

A senior bank examiner send a text of his genitals out ... The findings about the FDIC's workplace culture comes after the Wall Street Journal published a November investigation that alleged ...

A prior inspector general report found staffing shortages hindered FDIC oversight, with 40% of large bank examiner positions vacant between 2020 and 2023, leading to supervisory lapses. The senators ...

Federal regulators could have more aggressively monitored First Republic Bank's practices, but officials said in a report on Friday that it's unclear if such measures would have shielded the San ...

FDIC Problem Bank List is a confidential list ... Comptroller of the Currency Administrator of National Banks. "An Examiner's Guide to Problem Bank Identification, Rehabilitation, and Resolution ...

Bank management "did not always heed FDIC examiner concerns, and was not always responsive or timely in addressing FDIC supervisory recommendations," the report said. Contagion effects from ...