Thinking Of Switching Bank Charters? Think Again

  • July 21, 2009

The FFIEC just issued Statement on Regulatory Conversions that will make it harder for financial institutions subject to enforcement actions to switch charters.

Grant Thorton Addresses Bank Capital Requirements in Letter to Regulators

  • May 13, 2009

On May 6, 2009 public accounting firm, Grant Thorton sent a letter to Timothy Geithner, Ben Bernanke and Sheila Bair addressing bank capital requirements and the allowance for loan losses. I believe that this letter completely explains the auditor's viewpoint on these two issues and offers the regulators a solution to protecting banks from future losses.

Accounting for Loan Losses-GAAP vs. RAP…Not Again!

  • March 9, 2009

This issue is a lot like the Rocky movies. Just when you think it's over they make another movie! Last week U.S. Comptroller of the Currency, John Dugan said that the accounting rules need to be changed to allow banks to reserve for future losses in the loan portfolio so that earnings would be less volatile. Didn't we just spend the last 14 years hashing out this issue and finally eliminating any differences?

Bair Acknowledges Strong Banker Reaction to Special Assessment

  • March 3, 2009

Oklahoma Bankers Association President and CEO Roger Beverage joined a conference call yesterday with FDIC Chairman Sheila Bair and expressed the views of Oklahoma bankers regarding the FDIC proposed special assessment. Here is an article the OBA published on March 2, 2009:

FDIC Special Assessment Generates Banker Fury

  • March 3, 2009

The Oklahoma Bankers Association posted an article on their website yesterday with the above headline. Fury is a good description of what I am hearing from community bankers throughout the Midwest.

By Switching Their Charters, Banks Skirt Supervision

  • January 22, 2009

At least 30 banks since 2000 have escaped federal regulatory action by walking away from their federal regulators and moving under state supervision, taking advantage of a long-standing system that allows banks to choose between federal and state oversight, according to a Washington Post review of government records.

Proposed Interagency Appraisal and Evaluation Guidelines Issued

  • January 7, 2009

The major federal bank, thrift and credit union regulators issued proposed Interagency Appraisal and Evaluation Guidelines that clarify risk management principles and internal controls for ensuring that financial institutions’ real estate collateral valuations (both appraisals and evaluations) are reliable and support their real estate-related transactions.