Agency releases 3Q state summaries of banking, economic conditions

December 4, 2018 FDIC 0

Third-quarter 2018 summaries of banking and economic conditions in each state were released by the Federal Deposit Insurance Corp. (FDIC) Tuesday, part of the agency’s series of quarterly state profiles.

The profiles provide data about banking in each state grouped into three broad areas: economic indicators, banking trends, and banking profile. Overall, the profiles provide data from 43 areas within the three groups.

Click on any of the states below to retrieve the profile for that state:

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CLF’s 2025-26 budget, share insurance fund update slated next Thursday

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Farmer Mac stock a permissible investment for some FCUs, agency opinion states

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Fed’s Kugler becomes latest board member to advocate for continued agency independence

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VA firm must pay $3 million for taking funds, blocking accounts to pay for prisoner basic needs

November 14, 2024 0

A Virginia firm must pay $3 million for illegally taking millions of dollars from more than a half-million accounts and blocking money transfers to consumers who are incarcerated, according to charges made public by Thursday by the federal consumer financial [...]
OIG sets 4 recommendations for NCUA’s federal chartering process

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Small FL credit union conserved

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The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was provided in the NCUA’s evening [...]
PA bank failure, first of year, came from reclassified debt securities, dysfunctional management, report finds

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Republic First Bank became “critically undercapitalized” in April – which a dysfunctional board and management team exacerbated, ultimately leading to the bank’s failure, according to the material loss review published Wednesday by the federal insurer of bank deposits. The report, [...]
Reports of suspected fraud using deepfake media spurs FinCEN to issue ‘red flags’ alert to FIs

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An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes enforcement arm. The Financial Crimes [...]

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