Michigan credit union acquires local bank, gains FDIC approval

Michigan Credit Union Acquires Local Bank, Gains FDIC Approval Introduction In a strategic move to expand its services and enhance its offerings, a Michigan-based credit union has acquired a local bank and has received approval from the Federal Deposit Insurance...

PNC’s FDIC Special Assessment Exceeds $500M

PNC expects its FDIC special assessment to top $500M What is the FDIC special assessment? The FDIC (Federal Deposit Insurance Corporation) is a government agency that provides deposit insurance for banks in the United States. In order to maintain the stability of the...

Navigating Commercial Real Estate Risks: FDIC’s New Guidelines

Navigating Commercial Real Estate Risks: FDIC's New Guidelines The Federal Deposit Insurance Corporation (FDIC) has recently issued new guidance to address concerns about the potential risks associated with commercial real estate (CRE) concentrations in financial...

FDIC Board Meeting | December 20, 2023 | Sunshine Act Notice

SUNSHINE ACT NOTICE | DECEMBER 18, 2023 FDIC Board of Directors Meeting The Federal Deposit Insurance Corporation (FDIC) has announced that its Board of Directors will convene for a meeting on Wednesday, December 20th, 2023. The meeting will be held in open session...