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Division Shows Greater Efficiency in NMLS License Renewals

  • 17 December 2014
  • Author: Smillie, Monica
  • Number of views: 2221
  • 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: 3052
  • 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.

Inland Bank & Trust Agrees to Aquire College Savings Bank

  • 17 November 2014
  • Author: Smillie, Monica
  • Number of views: 4074
  • 0 Comments

Oak Brook, Illinois-based Inland Bank & Trust agreed to acquire College Savings Bank, a $477 million bank in Princeton, New Jersey that caters exclusively to parents and others saving for college [$351 million in stable deposits].  College Savings Bank administers state college savings plans in Montana, Arizona and Indiana and previously operated College Savings Trust, a Montana-chartered trust company.

BB&T Corp. Agrees to Buy Susquehanna Bancshares

  • 17 November 2014
  • Author: Smillie, Monica
  • Number of views: 3193
  • 0 Comments

In a cash and stock deal valued at $2.5 billion, BB&T Corp. of Winston-Salem, North Carolina agreed to buy Susquehanna Bancshares of Lancaster, Pennsylvania with closing projected for the 3rd quarter of 2015.

Glacier Bancorp, Inc. Announces Acquisition of Community Bank, Inc. In Ronan, Montana

  • 6 November 2014
  • Author: Smillie, Monica
  • Number of views: 10580
  • 0 Comments

Glacier Bancorp will acquire Ronan-based holding company Montana Community Banks, Inc. and its banking subsidiary - the $180-million Community Bank with offices in Ronan, Pablo, Polson and Missoula.

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