Office of the Comptroller of the Currency Related Content

VersaBank Receives Final U.S. Approval for Stearns Bank Acquisition

VersaBank received approval from the Office of the Comptroller of the Currency (OCC) to proceed with its proposed acquisition of Stearns Bank Holdingford. This is the second and final U.S. regulatory approval required for VersaBank to proceed with the acquisition. read more

OCC, Fed and FDIC Propose New Capital Requirement Rules for Large Banks

The Office of the Comptroller of the Currency, the board of governors of the Federal Reserve System and the Federal Deposit Corporation issued new rule proposals that would modify large bank capital requirements and implement the final components of the Basel III agreement. read more

Federal Reserve and OCC Approve Citizens’ Acquisition of Investors Bancorp

The board of governors of the Federal Reserve and the Office of the Comptroller of the Currency approved Citizens Financial Group’s previously announced acquisition of Investors Bancorp. read more

Federal Reserve Approves Merger of Webster Financial and Sterling Bancorp

The board of governors of the Federal Reserve provided regulatory approval of the previously proposed merger of Webster Financial and Sterling Bancorp. read more

Federal Reserve Approves WSFS’ Acquisition of Bryn Mawr Trust

WSFS Financial received all required approvals to acquire Bryn Mawr Bank Corporation, the parent company of the Bryn Mawr Trust Company, with the board of governors of the Federal Reserve approving the acquisition. read more

OCC Approves WSFS’ Merger with Bryn Mawr Bank Corporation

The Office of the Comptroller of the Currency approved WSFS Financial’s previously announced merger with Bryn Mawr Bank Corporation. read more

Federal Reserve, OCC Approve Merger of Huntington and TCF

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the proposed merger of Huntington Bancshares and TCF and of Huntington National Bank and TCF National Bank. read more

Federal Reserve, OCC Approve PNC’s Acquisition of BBVA

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency provided regulatory approval of PNC’s previously announced acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA. read more

OCC Selects Stearns Bank’s Skalicky for Minority Depository Institutions Advisory Committee

The Office of the Comptroller of the Currency selected Kelly Skalicky, CEO and president of Stearns Bank, along with six additional new committee members, to serve on its Minority Depository Institutions Advisory Committee. read more

Fed, FDIC & OCC Delay CECL Adoption for Two Years

The federal bank regulatory agencies announced an optional extension of the regulatory capital transition for the new credit loss accounting standard. read more

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach. read more

OCC Approves CIT Acquisition of Mutual of Omaha Bank

The Office of the Comptroller of the Currency has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group's banking subsidiary, CIT Bank. read more

Reuters: OCC Will Reivew Wells Fargo CEO Pick

Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive. read more

OCC Wants Banks to Increase Small-Dollar Lending

The Office of the Comptroller of the Currency is now urging U.S. banks to provide more “short-term, small-dollar loans,” Reuters reported. read more

Syndicated Loan Risk Remains High Reports Program Review

According to the recently released Shared National Credit Program Review, regulators said risk in the portfolio of large syndicated bank loans declined slightly buy remains elevated. read more

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