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The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. [8]: 15 The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system.
Eastern Bank was established on April 15, 1818, as Salem Savings Bank and became insured by the Federal Deposit Insurance Corporation on October 1, 1983. [5] On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a mutual holding company, making it the first of its kind in Massachusetts.
The Federal Deposit Insurance Reform Act of 2005 (Title II, subtitle B of Pub. L. 109–171 (text), 110 Stat. 9, enacted February 8, 2006, with a companion statute, Federal Deposit Insurance Reform Conforming Amendments Act of 2005, Pub. L. 109–173 (text), 119 Stat. 3601, enacted February 15, 2006), was an act of the United States Congress on banking regulation.
Trump advisers and potential nominees have also discussed plans to either combine or otherwise restructure the main federal bank regulators: the FDIC, OCC and the Federal Reserve, the WSJ report ...
In recent interviews with bank regulator candidates, Trump advisers have asked whether the incoming president could abolish the Federal Deposit Insurance Corp (FDIC) and move its deposit insurance ...
In April 1982, PSFS merged with the Western Savings Fund Society, receiving US$294 million (equivalent to $786 million in 2023) [1] in assistance from the Federal Deposit Insurance Corporation (FDIC). The merger gained PSFS US$2 billion (equivalent to $5.34 billion in 2023) [1] in assets. [2]
Deposit Insurance, Federal Deposit Insurance Corporation. Accessed November 18, 2024. Accessed November 18, 2024. SoFi Receives Regulatory Approval to Become a National Bank , SoFi.
Insurance company [79] [80] April 27, 2012: Exportbank: Philippine Deposit Insurance Corporation: Commercial bank $ 18,000,000 (₱750,000,000) May 25, 2012: Bankia: Government of Spain: Savings and loan association € 1.9 × 10 ^ 10: June 11, 2012: FGIC: New York State Insurance Department: Insurance company [81] June 30, 2012: Western German ...