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A collection of news and information related to Federal Deposit Insurance Corporation published by this site and its partners.

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    May 21, 2013 |Story| South Florida Sun-Sentinel
  1. OptimumBank leaders determined to ride out storm

    The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times ahead, warns new OptimumBank CEO Timothy Terry, but he is still hoping to turn a profit by the end of the year.
    The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times...

    Tags: Loans, Real Estate, Deerfield Beach, Services and Shopping, Fort Lauderdale

  2. May 20, 2013 |Story| Daily Press
  3. Atkins named King William Essex Bank manager

    Essex Bank is proud to announce the appointment of Ashley Sines Atkins as branch officer at the bank's King William Office.
    Essex Bank is proud to announce the appointment of Ashley Sines Atkins as branch officer at the bank's King William Office. A resident of King Williams County, Ms. Atkins is a graduate of Longwood University, earning a Bachelor of Arts degree in...

    Tags: Finance, Economy, Business and Finance, Media Industry, Banking, Essex (Baltimore, Maryland)

  4. May 20, 2013 |Story| McClatchy-Tribune
  5. The Island Packet (Hilton Head Island, S.C.) The IT Guy column

    The Island Packet Online
    Thanks to the technology available these days, starting your own business is easier than ever before. You can make use of many online services and pay little or nothing to get off the ground. Here are just a few: Squarespace (www.squarespace.com): There...

    Tags: Google Inc., Square, Inc., Small Businesses, Online Media Industry, Apple iPhone

  6. May 19, 2013 |Story| South Bend Tribune
  7. Niles Library offers financial classes

    South Bend Tribune
    NILES — “Making Change” is about taking control of your financial life. In a recent financial literacy survey, 40 percent of U.S. adults gave themselves a C, D or F on their knowledge of personal finance. And nearly four out of five...

    Tags: Personal Finance, The Salvation Army

  8. May 17, 2013 |Story| McClatchy-Tribune
  9. Columbia Bank makes changes downtown

    The Columbian, Vancouver, Wash.
    Columbia Bank will consolidate its two downtown Vancouver branches into one office in late summer, the bank's CEO said after a bank-sponsored forecast breakfast event on Thursday. Staff from the bank's original Vancouver office at 400 E. Mill Plain...

    Tags: Summit Bank Corporation, West Coast Bancorp, Columbia Banking System Incorporated

  10. May 17, 2013 |Story| McClatchy-Tribune
  11. Hitting lottery may be easy part

    Danville Register & Bee, Va.
    So you want to win the lottery. And let's face it, with a jackpot in triple-million-dollar digits, who wouldn't? However, matching the magic numbers -- and doing a multi-million-dollar happy dance thereafter -- may be the easy part. With dreams of...

    Tags: Lotteries, Lifestyle and Leisure, Powerball Lottery

  12. May 17, 2013 |Story| McClatchy-Tribune
  13. Tulsa World, Okla., Action Line column

    Tulsa World
    Dear Action Line: What is the bad news on prepaid debit cards? I've heard some concerning stories from friends and coworkers. -- S.B., Tulsa. "Prepaid debit cards often are pitched as cheap alternatives to checking accounts," said Consumer Federation of...

    Tags: Personal Data Collection, Social Security, Politics, Interior Policy

  14. May 17, 2013 |Story| McClatchy-Tribune
  15. FDIC suit survives early challenge // DOCUMENT

    The News Herald, Panama City, Fla.
    A judge has dismissed negligence claims brought by the government against the directors of a failed Panama City bank, but the gross negligence claims against them can proceed, according to court records. In December, the Federal Deposit Insurance...

    Tags: Panama, Defendants, Panama City (Panama), Prosecution, Justice System

  16. May 16, 2013 |Story| McClatchy-Tribune
  17. Lewiston Tribune, Idaho, William L. Spence column

    The Lewiston Tribune
    "Failure is not an option." The quote, attributed to NASA Flight Director Gene Krantz during the Apollo 13 mission, is one we can all appreciate. It epitomizes America's can-do spirit and speaks to our heroic image of ourselves, the idea that we...

    Tags: Heroism, Personal Weapon Control, Bankruptcy, Culture, Ceremonies

  18. May 16, 2013 |Story| McClatchy-Tribune
  19. Foundations Bank parent raises $5.1 million in new capital

    Milwaukee Journal Sentinel
    The parent company of Foundations Bank said Wednesday it has raised about $5.1 million in new capital. Generations Bancorp Inc. said it injected the capital into the bank this month. Capital is a key measure of a bank's strength and acts as a cushion...
  20. May 15, 2013 |Story| Reuters
  21. U.S. FDIC's Gruenberg joins call for higher bank capital

    Reuters
    WASHINGTON, May 15 (Reuters) - Limits on how much banks can borrow may need to be tougher, a top U.S. banking official said on Wednesday, the latest in a growing group of regulators to call for big banks to set aside more equity to fund their business....

    Tags: Federal Reserve, Martin J. Gruenberg, David Vitter, Sherrod Brown

  22. May 15, 2013 |Story| Chicago Tribune
  23. U.S. Bank to brand LaSalle Street Tower

    Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured the naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent.
    Trying to raise its profile in Chicago, Minneapolis-based U.S. Bank said it has secured the naming rights to the 190 S. LaSalle St. building, where it will boost its square footage by 65 percent. The street-level U.S. Bank Building signage should go up...

    Tags: Park National Corporation, Labor Legislation, Marketing, Corporate Performance, Career and Workplace

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Federal Deposit Insurance Corporation Photos
Benjamin P. Shapiro has been named practice group manag...
(April 15, 2013)
 Benjamin P. Shapiro, group practice manager, Roetzel
FDIC economist Martha Solt is president of a union loca...
(November 14, 2012)
please get an environmental portrait of Martha Solt, chapter president of a union representing workers at FDIC headquarters
Stanley F. Orszula has joined the Chicago office of Qua...
(November 7, 2012)
Stanley Orszula, partner, Quarles & Brady LLP