Happy Halloween from Rhinebeck Bank! ?? Member FDIC
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It’s me, brokered deposits, I’m the problem. It’s me. ???? The FDIC proposed a rule change on how brokered deposits are treated. This episode, our incredible crew of guests join to share their Hot Takes on the situation! ?? https://lnkd.in/g58TyCWx
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Read the latest from Kentucky Banker Magazine today! We talk with with Shane Ensminger, Director of Financial Intelligence & Security at Central Bank & Trust about how fraud is on the rise and what we can do about it. You'll also read KBA President & CEO Ballard Cassady's thoughts on the CFPB and their ongoing assault on community banks. All this and more in the latest issue of Kentucky Banker!
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Check out the newest message from our President! President’s Message :: First National Bank of Moose Lake (firstmooselake.com)
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Pretty substantive loss relative to asset size (though very small relative to the Fund). Will be interesting to learn what happened here.
This evening, the Office of the Comptroller of the Currency closed The First National Bank of Lindsay (Lindsay, Oklahoma) and appointed the FDIC receiver. To protect depositors, we are announcing First Bank & Trust Co. (Duncan, OK) will assume all insured deposits of the failed bank. https://lnkd.in/e86zne7B
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Check out Box Lake's tips to prevent fraud on pg. 8 of the latest issue of Kentucky Banker Magazine! With - Sara Doyle
Read the latest from Kentucky Banker Magazine today! We talk with with Shane Ensminger, Director of Financial Intelligence & Security at Central Bank & Trust about how fraud is on the rise and what we can do about it. You'll also read KBA President & CEO Ballard Cassady's thoughts on the CFPB and their ongoing assault on community banks. All this and more in the latest issue of Kentucky Banker!
Kentucky Banker Magazine - January / February 2024
https://issuu.com
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In Indonesia, we've seen rural banks facing bankruptcy on a similar scale, with total asset reaching up to $50 million USD in 2023–2024 in total. Implementing purchase and assumption as a resolution strategy could bring a fresh approach to managing these banking crises, potentially improving stability and outcomes in the Indonesian banking sector.
This evening, the Office of the Comptroller of the Currency closed The First National Bank of Lindsay (Lindsay, Oklahoma) and appointed the FDIC receiver. To protect depositors, we are announcing First Bank & Trust Co. (Duncan, OK) will assume all insured deposits of the failed bank. https://lnkd.in/e86zne7B
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Let's end the week with some news: FDIC releases a new proposal to boost bank merger scrutiny, in an attempt to enhance its ability to maintain stability across the financial sector. To read the full article go to our website: https://lnkd.in/emU6SnfY Don't forget to follow us on all our social networks so you don't miss the latest banking news! Visbanking, we are more than banks. We are the Bank Intelligence and Action System (BIAS)! #banking #crisis #bankregulators #FDIC #inflation
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US remind us the importance of a good Crisis Management framework in the #Banking Union #CMDI #UE #SRB #ECB #EBA
Philadelphia-based Republic Bank was closed late today by Pennsylvania bank regulators, which appointed the FDIC as receiver. To protect depositors, we entered into an agreement with Fulton Bank to assume substantially all deposits and assets of Republic. https://lnkd.in/eB6x64zw
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