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FDIC Expands Criteria for 18 Month Exam Cycle
The FDIC released FIL-17-2016 today, which will increase the examination cycle for community banks meeting certain criteria from 12 months to 18 months, thereby potentially decreasing one of the most intrusive events in the bankers life. The criteria is as follows: Must be less than $1 B in assets Must have a CAMELS composite rating…
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FDIC issues FIL addressing proper use of Bank information
Although a quick read of this FIL makes it seem that it only addresses the proper use of confidential information after the institution is placed into receivership,…Read the rest of the article
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FDIC issues new FIL…
…and pretty much confirms what most of us already knew; regulatory scrutiny has increased across the board. FIL-13-2011 entitled “Reminder on FDIC Examination Findings” was just released March 1st, and in spite of the title, is not so much a reminder but a response. Here is the one-line summary: “Recently, the FDIC has received some…
