OCC: Receiver Appointed for The First National Bank of Lindsay, OK
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The First National Bank of Lindsay, in Lindsay, Oklahoma. As of June 30, 2024, the bank reported approximately $108 million of total assets. The OCC acted after identifying false and deceptive bank records and other…
FDIC: First Bank & Trust Co., Duncan, OK Acquires Insured Deposits of The First National Bank of Lindsay, OK
The First National Bank of Lindsay, Lindsay, Okla., was closed today by the Office of the Comptroller of the Currency (OCC), which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with First Bank & Trust Co. Duncan, Okla., to assume the insured…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance is available to the state of Alaska to supplement recovery efforts in the areas affected by flooding from Aug. 5-6, 2024. The President’s action makes federal funding available to affected individuals in the City and Borough of Juneau. Assistance can include grants for temporary housing and home repairs, low-cost…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
ABA: Bank Employees Across U.S. Celebrate 21st Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by educating teens and young adults about a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth financial education…
ABA: Bank Economists Expect Credit Conditions to Improve for Both Consumers and Small Businesses for First Time Since 2022
For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
HUD: Agency Recognizes Domestic Violence Awareness Month, Reaffirming Commitment to Safe and Affordable Housing for Survivors
The agency highlights historic milestones and housing protections under the Violence Against Women Act, and critical actions taken to address gender-based violence In recognition of Domestic Violence Awareness and Prevention Month, proclaimed by President Biden in 2021, the U.S. Department of Housing and Urban Development (HUD) today issued a statement underscoring its continued dedication to support programs…
HUD: New Appointments Announced to Housing Counseling Federal Advisory Committee
Members announced today join group that advises HUD on best practices for building an effective housing counseling program. Today, the U.S. Department of Housing and Urban Development (HUD) announced the appointment of 11 members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to HUD by helping shape the direction…
HUD: Aid Offered to Florida Disaster Victims
Today, the U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Florida and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by Hurricane Milton beginning October 5, 2024 and continuing. President Biden issued a major disaster declaration for the state…