JD Supra

Why Depository Institutions, with or Without Affiliated Securities Firms, can and should Manage Employee Use of Personal Devices for Work-related Communications

The purpose of this paper is to show how the failure to monitor for and prevent off-channel communications poses risk to traditional depository institutions that are not subject to the jurisdiction of ...
JD Supra

Consequences of Forming or Acquiring a Depository Institution

This second installment in a series of insights on bank charter considerations describes the consequences of operating through an insured depository institution charter, including capital requirements ...
Business Wire

State Street Announces Next Round of Deposits to Minority Depository Institutions and Community Development Financial Institutions

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced that it has made deposits with three mission-driven minority depository institutions (MDIs) including Carver State Bank, ...
Nasdaq

State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and ...
WVXU

Price Hill bank is Cincinnati's first - and Ohio's second - Minority Depository Institution

After several months of planning and reorganizing, Warsaw Federal Savings & Loan in Price Hill is transitioning to a Minority Depository Institution. The change doesn't affect existing customers, but ...
syracuse.com

Central NY’s only minority depository institution to mark grand opening of new Syracuse office

Syracuse, N.Y. -- Syracuse Cooperative Federal Credit Union, Central New York’s only minority depository institution, will celebrate the grand opening of its newest office today. The new office at ...
Nasdaq

Jeff Newgard Appointed to Federal Reserve Bank of San Francisco's Community Depository Institutions Advisory Council

BOISE, ID / ACCESSWIRE / January 11, 2024 / The Federal Reserve Bank of San Francisco announced Jeff Newgard, Chairman, President, and CEO, has been appointed as the newest member of the Community ...
San Francisco Fed

Membership and Leadership Announcements for the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council

Established in 2010 by the Board of Governors, the Community Depository Institutions Advisory Council (CDIAC) is a group that represents banks, thrift institutions, and credit unions of various sizes ...
Crowdfund Insider

Federal Reserve Vice Chair Barr Says FedNow is Available to All Depository Institutions, Digital Asset Advocate Says Wrong

In a speech delivered at the Annual Fintech Conference in Philadelphia, US Federal Reserve Vice Chair for Supervision Michael S. Barr spoke about the Fed’s role in supporting innovation. Barr noted ...
Crowdfund Insider

Telcoin Obtains Approval to Operate as Digital Asset Depository Institution

Telcoin has secured final regulatory approval from the Nebraska Department of Banking and Finance to operate as the nation’s first chartered Digital Asset Depository Institution (DADI). The approval ...
Insurancenewsnet.com

Thomaston Savings' Stephen Lewis Joins Boston Fed’s Community Depository Institutions Advisory Council

THOMASTON — Stephen Lewis, President and CEO of Thomaston Savings Bank, has joined the Federal Reserve Bank of Boston's Community Depository Institutions Advisory Council (CDIAC). The CDIAC is ...