Dodd-Frank Update: Characteristics of profitable, thriving community banks revealed in Fed research

Banking, Inside the Beltway
By: Nathan Marinchick

New regulations, heightened supervisory expectations and challenging economic conditions continue to weigh on community banks as they work to help their communities rebuild in the wake of the economic crisis. However, recent research from the Federal Reserve shows community banks can thrive even under adverse circumstances. Fed Governor and former community banker Elizabeth Duke outlined the characteristics that are strongly linked to banks’ success during a speech at the University of Georgia’s Terry College of Business in Duluth, Ga., on Feb. 5.

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Senate Blocks TAG Extension Bill – Seeking TAG Alternatives?

The Senate recently blocked the Dodd-Frank Transaction Account Guarantee Program (‘TAG’) Bill.  TAG was designed to temporarily insure large commercial and institutional transaction accounts that have more money than is covered by typical deposit insurance, $250,000 per account.

As a result of TAG’s expiration, many banks are seeking solutions that will allow them to continue offering full FDIC insurance coverage and retain those customer relationships.   StoneCastle, a leading investor and advocate for community banks and a CBAO Partner is available to offer immediate support to those banks impacted by expiration of TAG.  StoneCastle Cash Management offers the Federally Insured Cash Account for those depositors which require FDIC insurance on large balances.  Click here if you would like to learn more.