bank charter

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  • noun

Words related to bank charter

a charter authorizing the operation of a bank

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Acting Comptroller of the Currency Keith Noreika signs the first full-service national bank charter since the financial crisis, issued to Winter Park National Bank in Winter Park, Florida.
State laws regarding anti-discrimination, fair lending, debt collection, taxation, zoning, criminal laws, and torts would still generally apply to fintech firms with a special purpose bank charter.
Central Federal Corporation (NASDAQ: CFBK) and its wholly-owned banking subsidiary, CFBank, have received the necessary regulatory approvals for CFBank to convert from a federal savings bank charter to a national bank charter, the company said.
NEW YORK: President Barack Obama s economic adviser, Paul Volcker, said his proposed banking rules would force Goldman Sachs and other banks to give up their bank charters if they want to continue proprietary trading.
The letter ruling recasts the events leading up to the sale of the bank charter into transaction steps constituting a tax-free reorganization and discusses the tax implications of each step of the reorganization.
The Federal Reserve believes that it is important that the national bank charter not be impaired or diminished in view of its significance to the nation's financial system.
President and CEO Gene Micco announced, "We're pleased to convert to a bank charter as it will allow us to be even more competitive in the communities we serve and increase potential value for our shareholders.
Global Banking News-May 11, 2017--SoFi to apply for bank charter
s (NASDAQ: HBCP) subsidiary Home Bank said as part of its conversion from a federal savings bank charter to a national bank charter, it has changed its legal name to Home Bank, National Association.
Monterey executives confirmed July 22 the $209 million California credit union sent ballots to its members asking them to approve a credit union to bank charter change.
Benefit last week filed an application with the Arkansas State Bank Department to convert to a state bank charter.
A broader charter for thrift institutions - such as a commercial bank charter that lets them hold a wider range of assets - thus would seem to be good public policy, and the bill before you confronts the challenge of creating one charter.
TSFG has consolidated the Mercantile Bank charter into its other banking charter, Carolina First Bank, effective July 1, 2007.
Our conversion to a commercial bank charter reflects the growth and diversification of our business,' said Mark Mason, HomeStreet's chairman and CEO.
The California Credit Union League and CUNA CEO Bill Cheney both expressed concern that Technology CU members be completely informed about the effects of a move to a mutual bank charter.