WASHINGTON - The Federal Deposit Insurance Corp. will soon start offering banks on-site examiners. In the first example of such a move, the agency said that it would put an examiner at the Bank of Hawaii.
The Honolulu-based bank asked the FDIC for an on-site representative in order to improve "coordination and communication," according to George J. Masa, regional director of supervision for the FDIC in San Francisco. In the past, the agency relied on its 90 field offices for access to its larger banks. Mr. Masa pointed out that the agency had not had a presence in Hawaii.