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.

fdic.gov/news/press-rel…

Today, we released a list of administrative enforcement actions taken against banks and individuals in March. There are no administrative hearings scheduled for May 2024.

fdic.gov/news/press-rel…

Today, we named five new members to our Advisory Committee on Community Banking. Tune in next week as this committee meets to discuss a broad range of bank policy and regulatory matters important to community bankers.

fdic.gov/news/press-rel…

Today, our Board of Directors released the semiannual update on the Deposit Insurance Fund Restoration Plan. We project the Fund is on track to reach the statutory minimum reserve ratio ahead of the September 2028 deadline.

fdic.gov/news/press-rel…

TODAY at 10 a.m. ET, our Board of Directors will meet in an open session to consider the Deposit Insurance Fund Restoration Plan Semiannual Update and proposals related to the change in the Bank Control Act. Watch live here ⤵️
youtube.com/live/GXI3XXDsd…

Let's work together to help lower-income communities in Colorado build financial health and wealth. Join us tomorrow to hear about strategies to overcome barriers and the state's new Pueblo Financial Empowerment Center.

fdic.gov/resources/cons…

Understanding basic financial concepts can open a world of opportunities for young people in Florida. Join us tomorrow to learn how to help them establish a bank account and access financial literacy resources to build a solid financial future.

fdic.gov/resources/cons…

Today, we named four bankers to our Minority Depository Institutions Subcommittee. Tune in on May 1st as this panel meets to address key challenges and opportunities for our nation’s minority banks.

fdic.gov/news/press-rel…

#TeamFDIC recently joined the Jump$tart Coalition’s general partner’s meeting where they discussed financial education programs like our Money Smart curriculum with Buffy Murphy of the Alabama chapter.
Learn more ➡️ fdic.gov/resources/cons….

Roll Tide! Tomorrow, we’re talking about ways banks and community stakeholders can partner to help more Alabamans #GetBanked . Join us to hear about innovative partnerships that can address account access and small-dollar loan challenges.

fdic.gov/resources/cons…

Save the Date! On Thursday, our Board of Directors will meet in an open session at 10 a.m. ET. The full agenda and link to the live stream is available here ➡ fdic.gov/news/board-mat….

Are you interested in supporting Missouri #SmallBusinesses ? Join us, SBA and Dept. of Agriculture tomorrow for our “Path to Prosperity” event and hear from local lending and economic development experts about resources available to small business owners.

fdic.gov/resources/cons…

In our latest episode of the #FDICPodcast , we explore a new movement taking place in banking as larger financial institutions team up with small minority banks to amplify the work to expand access to capital and credit to ALL communities.

🎙️👂▶️ fdic.gov/podcasts

Understanding basic financial concepts can open a world of opportunities for young people in Florida. We're working to help them establish a bank account and access financial literacy resources that can help them build a solid financial future.

fdic.gov/resources/cons…

Minority banks play a critical role in serving people and places that have historically lacked access to capital. In our latest #FDICPodcast , we meet two bankers and their partnership to make certain the banking system works for everyone.

🎙️👂▶️fdic.gov/podcasts

Let's work together to help lower-income communities in Colorado build financial health and wealth. We'll hear about strategies and methods to overcome barriers and the Colorado Office of Financial Empowerment's new Pueblo Financial Empowerment Center.

fdic.gov/resources/cons…

Today, our Office of the Ombudsman published its annual report that highlights the activities and services provided to stakeholders in 2023.

Read the full report🔖➡️fdic.gov/about/ombudsma…

Are you interested in supporting #SmallBusinesses in the Show Me State? Join us, SBA and Dept. of Agriculture for our “Path to Prosperity” event where we'll hear from local lending and economic development experts about resources available to small business owners.

fdic.gov/resources/cons…

Roll Tide! We’re talking about ways banks and community stakeholders can partner to help more Alabamans #GetBanked . Join us to hear about innovative partnerships that can address account access and small-dollar loan challenges.

fdic.gov/resources/cons…

Join us and @usocc at our forum tomorrow when we'll bring together the banking and economic communities in Southeastern Minnesota to form collaborations and help banks meet their obligations under the Community Reinvestment Act.

fdic.gov/resources/cons…