MVB Bank’s Post

Bank with a bank whose priority is YOU. Make the switch. #CommunityBankingWeek PeruFederalSavings.com - Member FDIC #PeruFederalSavingsBank #PeruIL #CommunityBank #BankLocal

It's great to see that the consumer was fully protected during the recent regional banking instability with the largest lenders picking up the tab. Bank of America contributed $2.1b to replenish the FDIC reserves. #SVB #FirstRepublic #Bailout #FDIC #Banking #WealthManagement https://lnkd.in/g-bWNQiX

I want to preface this post with a comment 🚔 I am a fan of FINTRAC. I have used their disclosures to assist in investigations. When our system works it works well. However, I know our system can be better 🇨🇦 The ability for banks and law enforcement to share information. 🇨🇦 A little more clarity around filing on fraud and a minimum threshold. 🇨🇦 A quicker way to file reports, 3 to 4 mins per transaction, with sometimes having to file over 100 or 1000 transactions does not seem efficient. 🇨🇦 An intelligence led system. Intelligence from law enforcement focuses the work of the reporting entities. These are some of mine. I would love to hear yours #myamllife #compliance #FINTRAC

Let's remember some news of the latest months: FDIC confirms Republic First Bank closure and the sale of the bank’s assets to Pennsylvania-based Fulton Bank, in the first bank closure of 2024. To read the full article go to this link: https://lnkd.in/eMAbe3v3 What do you think about this decision? Leave your opinion in the comments and let's chat about it! #banking #inflation #crisis #FDIC #RepublicFirstBank

A brief Presentation on the Core Mandates of the Nigerian Deposit Insurance Corporation ( #NDIC). We learned with a simple Pneumonic🤭 (F- Fine, B- Boy, D- Don't, B- Bounce) F- Failure Resolution B - Bank supervision D- Deposit Guarantee B- Bank liquidation. PS: Special appreciation to the NDIC for the Public awareness Scheme currently manifested in Nigerian Tertiary Institutions. This is one of the most interesting presentations I've ever made. Nothing makes me happy than Knowledge acquisition and mutual enlightenment 🥹 #NigerianDepositInsuranceScheme #UNN #FinacialSystemStability

Yet again, banking turmoil is back in the headlines. How do you make sure your hard-earned funds are protected against the failure of a financial institution? The FDIC does just that. For more information on FDIC Insurance, visit https://bit.ly/3MNqBPY. #AlloySilverstein #bank #FDIC #FAQ #business

U.S. banks reported an alarming increase in unrealized losses and a growing list of #institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifies 63 banks as vulnerable, marking a concerning uptick in the #financial sector's instability.

Let's remember some news of the last month: FDIC confirms Republic First Bank closure and the sale of the bank’s assets to Pennsylvania-based Fulton Bank, in the first bank closure of 2024. To read the full article go to our website: https://lnkd.in/eMAbe3v3 What do you think about this decision? Let us know your thoughts in the comments. #FDIC #banking #inflation #crisis #RepublicFirstBank