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FDIC Launchs Web Page to Allow Institutions to Understand How FDIC Markets Failing Institutions

The FDIC recently launched a Failing Bank Acquisitions Web page on fdic.gov to allow institutions to better understand how the FDIC markets failing institutions.  The Failing Bank Acquisitions Web page may be accessed from the FDIC’s Web site at https://www.fdic.gov/buying/FranchiseMarketing/

Dutton Bancorporation Files Application to Acquire Stock of W.C. Edwards Holding Co.

  • 26 December 2014
  • Author: Smillie, Monica
  • Number of views: 5348
  • 0 Comments

The surviving entity will be renamed Big Muddy Bancorp, Inc. and will presumably file an affiliate bank merger application with appropriate regulatory authorities for the merger of Farmers State Bank of Denton into Dutton State Bank.   [The $55 million surviving institution apparently will not be known as Big Muddy Bank.]

Glacier Bancorp's Mick Blodnick Named Community Banker of the Year

  • 19 December 2014
  • Author: Smillie, Monica
  • Number of views: 4762
  • 0 Comments

After 25 bank deals in as many years at Glacier Bancorp, Mick Blodnick knows how to do acquisitions — how to pick them, how to make them work after the ink is dry. And not only for his institution but for the other side of the table as well. "When you break it down, this is a pretty simple industry," he said. "If you don't get too full of yourself, and just think about what you're trying to do to help people better their lives, it can be a very, very rewarding career."

Division Shows Greater Efficiency in NMLS License Renewals

  • 17 December 2014
  • Author: Smillie, Monica
  • Number of views: 2622
  • 0 Comments

The Montana Division of Banking and Financial Institutions is currently processing annual renewals for all non-depository licensees. These renewals are all submitted online via the Nationwide Mortgage Licensing System (NMLS). According to the NMLS renewal dashboard available on December 15, 2014 about 79% of licensees have submitted their online renewal. This percentage is nearly identical to what was submitted by this timeframe in 2013.

Federal Government Proposes Rule to Strengthen Capital Positions of Largest U.S. Bank Holing Companies

  • 15 December 2014
  • Author: Smillie, Monica
  • Number of views: 3673
  • 0 Comments

The proposal establishes a methodology to identify whether a U.S. bank holding company is a GSIB - a global systemically important banking organization.  A firm identified as a GSIB would be subject to a risk-based capital surcharge that is calibrated its systemic risk profile.  Eight U.S. firms would currently be identified as GSIBs under the proposal:  Bank of America, Bank of NY Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, State Street and Wells Fargo.

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