Federal Deposit Insurance Corporation

Promontory Financial Group Study Outlines A Federal Framework for Insurance Regulation

February 23rd, 2009

A proposed national insurance regulatory office would give the federal government a window into the insurance business and allow it to identify and respond to emerging issues more readily than state insurance departments.
Moreover, a national insurance regulatory office would give Congress the leverage is presently lacks to force action to address new problems.
Promontory Financial Group, [...]

CitiFX ProSM US Dollar Margin Now Covered by FDIC Insurance

February 23rd, 2009

Citi announced that it will offer Federal Deposit Insurance Corporation (FDIC) insurance on US dollar deposits placed as margin for trading on CitiFX Pro, Citi’s online margin FX trading platform. As an additional benefit of dealing with a global market leader in foreign exchange, CitiFX Pro clients will now benefit from insurance on their US [...]

TIAA-CREF Expands Its Community Bank Deposit Investment Program: Bank Deposits Reach $49 Million at Six Prominent Community Banks Across the Country

February 18th, 2009

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

TIAA-CREF Expands Its Community Bank Deposit Investment Program: Bank Deposits Reach $49 Million at Six Prominent Community Banks Across the Country

February 12th, 2009

TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, announced today that it has more than doubled its Community Bank Deposit Investment Program to $49 million of FDIC insured deposits.
In 2007, TIAA-CREF’s Global Social and Community Investing Department first announced the Program placing its first $22 million in deposits with [...]

Harleysville Savings Financial Corporation announced that they did not file an application to participate in the U.S. Treasury Departments Capital Purchase Program (TARP)

November 21st, 2008

Ron Geib, president and chief executive officer of Harleysville Savings Financial Corp. stated “After the Board of Directors reviewed the TARP plan; the bank opted not to apply for these funds. The Board believes that the costs of the preferred shares and the limitations they impose on future capital management are not in the best [...]

Sterling Financial Corporation to Participate in FDIC’s Transaction Account Guarantee Program

November 5th, 2008

Sterling Financial Corporation, a leading community bank in the western region, announced that it will participate in the Federal Deposit Insurance Corporation’s (FDIC’s) voluntary expanded insurance program, which provides, without charge to depositors, full guarantee on all non-interest bearing transaction accounts held by any depositor, regardless of dollar amount, through December?31,?2009.
“The FDIC’s effort to increase [...]

VantisLife to Offer Life Insurance Products Through Astoria Federal Savings

July 6th, 2009

VantisLife Insurance Company announced that Astoria Federal Savings, headquartered in Lake Success, NY, will now offer insurance products via the company’s award-winning online quote and submit system. The offering will be made through VantisLife’s New York Company, VantisLife Insurance Company of New York.
Astoria Federal has been serving the New York market with quality financial [...]

Heartland Financial Acquires the Elizabeth State Bank Through Its Subsidiary Galena State Bank & Trust Co.

July 6th, 2009

Heartland Financial USA, Inc. based in Dubuque, announced that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and remain [...]

Heartland Financial Acquires the Elizabeth State Bank Through Its Subsidiary Galena State Bank & Trust Co.

July 4th, 2009

Heartland Financial USA, Inc. based in Dubuque, announced today that is has acquired all deposits of The Elizabeth State Bank in Elizabeth, Ill. through its subsidiary Galena State Bank based in Galena, Ill. in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).
“Customers can be assured that their deposits are safe and [...]

VantisLife to Offer Life Insurance Products Through Astoria Federal Savings

July 3rd, 2009

VantisLife Insurance Company announced that Astoria Federal Savings, headquartered in Lake Success, NY, will now offer insurance products via the company’s award-winning online quote and submit system. The offering will be made through VantisLife’s New York Company, VantisLife Insurance Company of New York.
Astoria Federal has been serving the New York market with quality financial products [...]