ICBA: ICBA Applauds Treasury Secretary Bessent for Pro-Community Bank Remarks and Support for Independence of Prudential Banking Regulators
The Independent Community Bankers of America (ICBA) today applauded Treasury Secretary Scott Bessent for his remarks supporting community banks and committing to the continued independence of the nation’s prudential banking regulators and dual banking system. “ICBA and the nation’s community banks strongly support Secretary Bessent’s remarks on the positive role of community banks to Main…
ICBA: ICBA Commends FDIC for Rescinding Proposed Rules on Brokered Deposits, Corporate Governance, Incentive-Based Compensation
The Independent Community Bankers of America (ICBA) today commended the Federal Deposit Insurance Corp. board of directors for withdrawing three ICBA-opposed proposed rules that would harm community banks and the communities they serve. As advocated by ICBA, the FDIC today announced it is withdrawing proposals to: “ICBA and the nation’s community banks commend the FDIC board of…
FDIC: Board of Directors Withdrawn Four Outstanding Proposed Rule
The Federal Deposit Insurance Corporation’s (FDIC) Board of Directors today approved the withdrawal of three outstanding proposed rules relating to brokered deposits, corporate governance, and the Change in Bank Control Act (CBCA). The FDIC is also withdrawing authority for staff to publish in the Federal Register a proposed rule related to incentive-based compensation arrangements. If the FDIC…
FDIC: Board of Directors Approve Delay of Compliance Date for Certain Provisions in Sign and Advertising Rule
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today delayed the compliance date of certain provisions under the FDIC’s Sign and Advertising Rule. Specifically, the delay applies to requirements related to the display of the FDIC’s official sign on insured depository institutions’ (IDIs) digital channels, as well as to provisions related to IDIs’ automated…
FDIC: Board of Directors Approve Proposal to Rescind 2024 Bank Merger Policy Statement
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal to rescind the agency’s 2024 Statement of Policy on Bank Merger Transactions (PDF). The FDIC’s proposal will reinstate, on an interim basis, the Merger Policy Statement that was in effect prior to 2024 as the agency conducts a broader reevaluation of its bank…
ABA: ABA Welcomes FDIC Regualtory Withdrawals
“We welcome today’s decisions from Acting Chairman Hill and the FDIC Board of Directors to rescind and withdraw a range of regulatory actions advanced by the agency’s prior leadership. In particular, we applaud the decision to rescind the 2024 merger policy statement, which created more uncertainty in the marketplace for banks looking to make strategic…
FDIC: Guidance Issued to Help Financial Institutions and Facilitate Recovery in Areas of West Virginia Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of West Virginia affected by severe storms, straight-line winds, flooding, landslides, and mudslides. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of,…
FDIC: CRA Examination Schedules for Second Quarter 2025 and Third Quarter 2025 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the second quarter 2025 and third quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The…
ICBA: Statement Issued Opposing Consolidation of the Nation’s Banking Regulators
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement opposing the consolidation of the nation’s banking regulators. “While Wall Street bank executives and others have called for consolidating the nation’s banking regulators, ICBA and community bankers have long supported the independence of the federal banking agencies and our…