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6 Ways to Prepare for Examiners
September 06, 2010
Make sure you examine your loan portfolio, downgrading loans when necessary and adding to your loss provisions, suggests bank consultant L.T. (Tom) Hall of Atlanta. Identify your own asset quality problems before the examiners do, agrees Memphis attorney Jeffrey Gerrish.
Prepare...
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Indexed by: Enforcement/Exams
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Regulators Ordering Banks to Plan for Liquidation in Consent Orders
August 23, 2010
Federal regulators are increasingly inserting language into consent orders –instead of waiting to issue a Prompt Corrective Action– that requires adequately-capitalized banks to come up with immediate plans to merge, sell or liquidate their institutions, a Bank Safety and Soundness...
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Indexed by: Capital Adequacy | Enforcement/Exams | Regulation | Troubled Banks
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A Shrinking Bank Holding Company, Thanks to Sell, Merge Orders
August 23, 2010
No bank holding company has dealt more with the “merge, sell, liquidate” language in recent consent orders than Michigan-based Capitol Bancorp, a $4.7 billion company with banks in 15 states.
The FDIC has ordered 16 of Capitol Bancorp’s community banks to “develop, adopt,...
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Indexed by: Capital Adequacy | Enforcement/Exams | Troubled Banks
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FDIC Gains Regulatory Back-Up Powers
July 19, 2010
The FDIC will use off-site monitoring of Call Reports to decide whether it needs to sit in on exams of banks it doesn’t normally supervise, according to a new agreement among the regulators approved unanimously last week.
The agreement gives the FDIC the power to conduct special exams of...
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Indexed by: Enforcement/Exams | FDIC | Regulation
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Fight Now or Lose Right to Appeal Later
April 12, 2010
After 30 years in the banking business, Ted Monzingo, CEO and President of Balboa Thrift and Loan Association, knew his last FDIC exam wasn’t going well. But what he wasn’t expecting was a report filled with “untruths.”
So when the FDIC finalized an 8-page Notice of Charges...
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Indexed by: Enforcement/Exams | Regulation
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