Philadelphia’s Tioga-Franklin Savings Bank has become the nation’s fifth bank failure of the year. The $68 million-asset Black-owned bank was closed on Friday by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corp....
Small Business Bank in Lenexa, Kansas, has become the fourth US bank to fail this year. The institution, which opened in 1984 as Gardner Bank, was closed on Friday by the Kansas Office of the State Bank Commissioner. The Federal Deposit Insurance Corporation was named...
The Georgia Department of Banking and Finance shut down Community Bank and Trust – West Georgia this weekend. The bank, which opened in December 1984, is the second bank this year to fail. Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 The...
President Trump has nominated Travis Hill to serve as chairman of the Federal Deposit Insurance Corp. Hill has been serving as acting chairman since Jan. 20. He briefly served as vice chairman from Jan. 5 to Jan. 20. From 2018 to 2022, he was a senior advisor to the...
The Federal Deposit Insurance Corporation (FDIC) has done an about-face on how banks can engage with cryptocurrency-related activities. In a statement released today, Acting FDIC Chairman Travis Hill stated the regulatory agency was “actively reevaluating our...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
