Current: 2018 Volume 104
Legal Developments: First Quarter, 2018
Seven orders were issued this quarter, one for Howard Bancorp, Inc. and First Financial Bancorp under section 3 of the Bank Holding Company Act; one for Associated Banc-Corp under section 4 of the Bank Holding Company Act; one for Huron Community Bank, IBERIABANK, and First Financial Bank under the Bank Merger Act; one for IBERIABANK and First Financial Bank under the Federal Reserve Act; one for Deutsche Pfandbriefbank AG under the International Banking Act; and one for The Charles Schwab Corporation under the Home Owners' Loan Act.
Survey of Finance Companies, 2015
Finance companies are nondepository financial firms whose primary business is providing debt and lease financing to consumers and businesses. This article reports findings from a Federal Reserve survey of the assets and liabilities of finance companies in 2015. While the finance company industry provides a wide variety of credit and lease products, the survey indicates that firms in the industry are highly specialized. Nearly all finance companies hold a majority of their assets in one type of credit--consumer, real estate, or business credit. Firms specializing in consumer loans and leases account for most loan and lease receivables at finance companies. The article also compares the 2015 findings with those from similar Federal Reserve surveys conducted in 2010 and 2005. Overall, finance company industry assets declined by 10 percent between 2015 and 2010. Declines in credit and lease financing outstanding were spread broadly across types of financing, with the exceptions of consumer motor vehicle and business equipment financing. In addition, the 2015 survey for the first time collected data on finance company revenue and costs. Revenue and costs reflect differences in the types of loan or lease products that individual companies offer.
Legal Developments: Second Quarter, 2018
Six orders were issued this quarter, one for Independent Bank Group, Inc. and TriCo Bancshares under section 3 of the Bank Holding Company Act; two for Ameris Bancorp under section 3 of the Bank Holding Company Act; one for JN Bank Limited under the International Banking Act; and one for Arvest Bank Group, Inc., Arvest Holdings, Inc., and Arvest Bank under section 3 of the Bank Holding Company Act, the Bank Merger Act, and the Federal Reserve Act.
Legal Developments: Third Quarter, 2018
Six orders were issued this quarter, one for HarborOne Mutual Bancshares and HarborOne Bancorp, Inc. under section 3 of the Bank Holding Company Act; one for Origin Bank and Compass Bank under the Federal Reserve Act; and one for Lloyds Bank Corporate Markets plc, Nordea Bank Abp, and Abanca Corporación Bancaria, S.A. under the International Banking Act.
Legal Developments: Fourth Quarter, 2018
Six orders were issued this quarter, one for Old National Bancorp and one for Cadence Bancorporation under section 3 of the Bank Holding Company Act; one for Comerica Bank under the Federal Reserve Act; one for Joint Stock Commercial Bank for Foreign Trade of Vietnam under the International Banking Act; one for Synovus Financial Corp. under section 3 of the Bank Holding Company Act, Bank Merger Act, and Federal Reserve Act; and one for Security Trust & Savings Bank under the Bank Merger Act and Federal Reserve Act.