Earthstar Bank, Southampton, Pa., was closed today by the Secretary of Banking of the Commonwealth of Pennsylvania, which appointed the Federal Deposit Insurance Corp. as receiver. Polonia Bank, Huntingdon Valley, Pa., was appointed to assume all of the deposits of Earthstar Bank, except for certain out-of-state...
The Federal Deposit Insurance Corp. is issuing final guidance, which reaffirms existing supervisory expectations with respect to overdraft payment programs, generally, and provides specific guidance with respect to automated overdraft payment programs.
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. reported an aggregate profit of $14.5 billion in the third quarter of 2010, a $12.5 billion improvement from the $2 billion the industry earned in the third quarter of 2009.
Allegiance Bank of North America, Bala Cynwyd, Pennsylvania, was closed today by the Secretary of the Pennsylvania Department of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
On Nov. 9, the Federal Deposit Insurance Corp. adopted the Notice of Proposed Rulemaking, which would revise the risk-based assessment system for all large insured depository institutions, generally, those institutions with at least $10 billion in total assets.