Banking Department

(redirected from State Banking Department)

Banking Department

A cabinet-level agency of a state government charged with regulating banking in that state. In some states, the banking department also has responsibility over other financial instruments, such as insurance companies.
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The State Banking Department closed the bank citing ineffective management and inadequate capital as well as a high volume of non-performing loans.
A release issued by the state banking department noted, "It is prohibited for any person knowingly to purchase, sell or transfer a mortgage loan or loan application from or to an entity that is not licensed or exempt from licensing or registration provisions to engage in mortgage broker or lender activities.
The Federal Reserve Banks of San Francisco and New York, and the New York State Banking Department had issued the order on Dec.
The state Banking Department has ordered two mortgage lenders that offer subprime loans to people with weak credit to stop making new loans.
Dugan and New York State Banking Department Superintendent Diana L.
The Federal Reserve Board and the New York State Banking Department announced on October 14, 2005, the execution of a written agreement by and among the Deutsche Bank Trust Company Americas, New York, New York, the Federal Reserve Bank of New York, and the New York State Banking Department.
He came to GMAC Mortgage from the New York State Banking Department, where he was the director of the Community Reinvestment Monitoring Unit.
National banks are commercial banks whose charters are approved by the comptroller of the currency rather than by a state banking department.
the "Company"), the holding company of Empire State Bank (the "Bank"), announced today that the Bank filed an Application for Conversion to a State Bank with the New York State Banking Department and intends to file an application to become a member of the Federal Reserve Bank of New York.
It is a top priority of the New York State Banking Department to protect the deposits of consumers of New York State banks and ensure the safety and soundness of the banking system in the state," said Richard Nieman, state superintendent of banks, in a statement.
The Conference is responsible for defending state authority to determine banking structure and the products and services state-chartered institutions can offer and for improving the quality of state bank supervision by providing department performance evaluation and accreditation programs and supervisory education/training programs for state banking department personnel.
Miami Agency, Miami, Florida; the New York State Banking Department, New York, New York; the State of Florida Office of Financial Regulation, Tallahassee, Florida; the Federal Reserve Bank of New York; and the Federal Reserve Bank of Atlanta.

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