ABA: America’s Banks Urged to Offer Bank On-Certified Accounts
Core Providers Pledge Support for Financial Inclusion Initiative The American Bankers Association today called on every bank in the country to consider offering Bank On-certified accounts to expand access to banking services and reduce the number of unbanked and underbanked Americans. In urging all banks to join ABA in this financial inclusion initiative during his…
ABA: National Survey Shows Americans Remain Highly Satisfied with Their Bank, Appreciate Banks’ Response to COVID-19
Nine in 10 Americans with a bank account (89 percent) say they are “very satisfied” or “satisfied” with their primary bank, and 96 percent rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled today…
FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced that federal disaster assistance has been made available to the state of Louisiana to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Delta from Oct. 6 through Oct. 10. The President’s action makes federal funding available to affected individuals in Acadia, Calcasieu, Cameron, Jefferson Davis, and Vermilion parishes….
EDA: $2.8 Million Invested to Establish Business and Technology North Park in Weatherford, OK
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million grant to the city of Weatherford and the Weatherford Industrial Trust, Weatherford, Oklahoma, to boost manufacturing, energy, industrial, and commercial development by establishing the Weatherford Business and Technology North Park. The EDA grant, to be…
EDA: $1.25 Million Invested to Make Infrastructure Improvements Near Ardmore, OK Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to the Ardmore Development Authority, Ardmore, Oklahoma, to make water infrastructure upgrades needed to support business growth at the Ardmore Industrial AirPark. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity…
FDIC: United Fidelity Bank, FSB, Evansville, Indiana, Assumes All of the Deposits of First City Bank of Florida, Fort Walton Beach, Florida
First City Bank of Florida, Fort Walton Beach, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The failed bank experienced longstanding capital and asset quality issues, operating with financial difficulties dating back to 2009, which are not related to the current economic…
FDIC: Resource Guide Published to Promote Investment Partnerships With FDIC-Insured Minority Banks and CDFIs
The Federal Deposit Insurance Corporation (FDIC) today published a new resource guide to promote private and philanthropic investment partnerships with FDIC-insured Minority Depository Institutions (MDIs) and Community Development Financial Institution banks (CDFI banks). “Investing in the Future of Mission-Driven Banks” is FDIC’s latest effort to build supportive partnerships between these banks and other financial institutions, private companies…
ABA: Statement on House Coronavirus Subcomittee Report on PPP
“Working with the federal government, banks of all sizes worked day and night to get the Paycheck Protection Program off the ground in the middle of a pandemic. The size, scale and speed of their response was unprecedented, delivering more than $500 billion in PPP loans that have allowed struggling small businesses affected by COVID-19…
FEMA: President Trump Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance has been made available to the state of California to supplement state and local recovery efforts in the areas affected by wildfires from Sept. 4 and continuing. The President’s action makes federal funding available to affected individuals in Fresno, Los Angeles, Madera, Mendocino, San Bernardino, San Diego and Siskiyou…
EDA: $7.8 Million Invested to Establish a Bioscience and Technology Incubator Facility in Lawrence, KS Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.8 million grant to the Bioscience & Technology Business Center at the University of Kansas in Lawrence, Kansas, to build a new facility to increase entrepreneurial and research opportunities in the bioscience and technology sector. The EDA…