Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month exam cycle. As authorized by the ICBA Plan for Prosperity-inspired law, the interim final rules generally apply the extended exam cycle to institutions with less than $3 billion in total assets.
United Bankers’ Bank (UBB) has promoted Mary Williams to SVP, Chief Operations Officer, effective August 6. Williams succeeds Anne Hofstede who retired after 41 years of service at UBB.
A Visa study examines how digital trends are reinventing consumer expectations. This shift in the ecosystem is driven by universal connectivity, prevalent social media use, the rise of Internet of Things (IoT) devices, and increasingly interactive user experiences along the entire customer journey and across all channels.
Roselle Savings Bank, which has served central and northern New Jersey for nearly 130 years, has changed its name to Roselle Bank as part of its initiative to further enhance customers’ overall banking experience. The change is part of the bank’s strategic repositioning, as its functions extend well beyond the parameters of a typical savings bank. The brand refresh will focus on outlining new capabilities and debuting an array of new banking products for both business and consumer. The bank also has plans for renovations to its company headquarters, new operations center and main office branch located in Roselle, NJ
Meta Financial Group Inc.® (Nasdaq: CASH) ("Meta" or the “Company”) the holding company for MetaBank®, announced today that it completed the previously announced acquisition of Crestmark® Bancorp Inc. and its Michigan state-chartered bank subsidiary, Crestmark Bank. Crestmark has provided business-to-business commercial financing for over 21 years.
ICBA met with staff from the White House and the Office of Management and Budget on the Treasury Department’s proposed regulation to implement a 20 percent tax deduction for shareholders in Subchapter S banks and other pass-through entities.
The number of U.S. data breaches hit a new all-time high in 2017, according to the Identity Theft Resource Center. Identified breaches rose 44.7 percent last year to 1,579.
The Senate this week is scheduled to take up House-passed legislation to extend the National Flood Insurance Program. The House bill would extend the NFIP, which is scheduled to expire on Tuesday, through November.
The FDIC has not developed sufficient strategies for several information technology transitions, the agency’s inspector general said. The Office of the Inspector General said the FDIC failed to adequately address IT security concerns, adequately communicate with agency stakeholders on transitioning to the cloud, or implement an enterprise architecture to guide its IT initiatives. It recommended better coordination and including the agency’s IT plans in its governance processes and framework.
