Financial institutions

A report identified gaps in documentation and other weaknesses that the watchdog said heighten the risk of agency officials being too cozy with the institutions they supervise.

Year to date through Sep. 30, 2018. Dollars in thousands.

Full-time equivalent, as of Sep. 30, 2018. Dollars in thousands.

Most Efficient Bank Holding Companies

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more.

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

Bankers are eager to expand there through M&A, de novos or other means, encouraged by strong employment and disruption created by recent consolidation.

More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.

The Rhode Island bank is one of several regionals that have snapped up dealmaking boutiques in recent years to bolster noninterest income.

Year to date Sep. 30, 2018. Dollars in thousands.

They all agree that legislation is needed, but the two approaches being offered are exposing tensions.

The company has appointed President Gaye Erkan to its board of directors, potentially positioning her to replace longtime CEO James Herbert when he eventually retires.

While proponents contend the model could help reach the underbanked, there remain many arguments against it.

Now the organizers of American Bank & Trust must raise $20 million to open the state's first new bank since the financial crisis.

The biggest merger in years is reviving the idea that the industry is headed for a barbell-like shakeout, with very large banks on one end, community banks on the other and very few in between.

OceanFirst in New Jersey shuttered more than a third of its branches but says nearly all the customers stuck with the bank because it trained employees to show customers how to go digital.

The vast majority of comment letters to the FDIC support the fintech’s banking venture, in stark contrast to the public outcry over the pre-crisis ILC bids by large retailers.

The agency began seeking comments in December through a "request for information" on how to improve the agency's process for considering new deposit insurance applications.

On Sep. 30, 2018. Dollars in thousands.