This third installment in our series of insights on bank charter considerations describes the process for seeking regulatory approval to form ...

On May 8, 2025, the Office of the Comptroller of the Currency (OCC) announced its adoption of an interim final rule (IFR) that amends its 2024 ...

Medallion Bank expects to grant the underwriters a 30-day option to purchase additional shares of the Series G Preferred Stock solely to cover over-allotments, if any.

But with interest rates so low on traditional savings accounts, you’re not likely to see that money grow much more than you ...

Money market accounts (MMAs) function as a hybrid between checking and savings, combining features of both account types.

Since online banks don’t have the overhead costs of maintaining physical branches, some of the bank's savings are passed down to customers in the form ... the Federal Deposit Insurance ...

Learn all about various types of certificates of deposit, how they work and how they potentially fit into your savings and investment planning. Browse Investopedia’s expert-written library to ...

In a complete turnaround, the industry in a federal district courtroom informed its regulators of an enforcement action, in the form of a federal district ... Unlike the Federal Reserve, the Federal ...

Yes, Marcus by Goldman Sachs is safe. The FDIC, which stands for Federal Deposit Insurance Corporation, oversees banks, including Marcus, to make sure consumers are protected. It indicates an ...

Merrick Bank is insured by the Federal Deposit Insurance Corporation (FDIC), which means deposits are federally insured up to $250,000 per depositor. Merrick Bank also takes additional steps for ...

The interest rate remains level at 0.50%. By Year 10, how much bigger is Account B’s balance? Federal deposit insurance (FDIC coverage) protects savings balances held with member FDIC institutions up ...