Anticipating the unification of bank and thrift charters, the Office of Thrift Supervision is promoting a new community bank charter.

Restrictions on bank ownership would be scrapped, providing a new source of capital. Commercial lending by these new banks would be sharply limited to guard against a bank favoring an affiliated company over its competitors.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.