Capital

The Pittsburgh company has owned a 22% position in the money manager since 1995.

The Federal Reserve also said in a supervisory report released Friday that it would conduct stress tests this quarter as planned, taking into account sudden deterioration in the economy brought on by the coronavirus pandemic.

Organizers representing five tribes aim to create a financial institution to serve their members.

Seneca-Cayuga Bancorp's capital levels have fallen steadily since peaking in 2013.

The Wisconsin regional said the funds will support loan growth and its dividend policy as well as create an added capital buffer.

Organizers of Rockpoint Bank still need to raise $30 million before opening.

Rodney Hood, chairman of the National Credit Union Administration, says the agency's Central Liquidity Facility can be a vital backstop if a crisis occurs, but it will be stronger if more credit unions chip in to make it a success.

The agency's top supervisory official said the Comprehensive Capital Analysis and Review will proceed on schedule, and signaled that the Fed will look at how institutions are responding to fallout from the coronavirus.

The regulator must speed up its capital reform efforts while taking immediate steps to reduce the examination burden.

The proposed Agility Bank would rely heavily on digital offerings. It is pursing a national charter with the Office of the Comptroller of the Currency.