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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Watermark Bank has announced it has been granted a charter by the Oklahoma State Banking Department and has opened its doors, the company said.
OKLAHOMA CITY Watermark Bank has been granted a charter by the Oklahoma State Banking Department and opened at 921 NW 63rd St.
of Helena said Wednesday that it will convert its subsidiary, Helena National Bank, from a federal charter regulated by the Office of the Comptroller of the Currency to a state charter regulated by the Arkansas State Banking Department, pending regulatory approval.
In one case, Deloitte removed a recommendation aimed at combating money laundering from a report to the New York State banking department, at Standard Chartered's behest.
Braswell led Georgia's state banking department through what may have been its most challenging period, characterized by a banking industry stressed in ways not seen since the Great Depression, combined with a shrinking budget and staff reductions, the department said.
But the state Banking Department can't go after the bank because they are banks and are federally chartered.
The transactions will allow Amalgamated to surpass the required capital levels agreed with the New York State Banking Department and the FDIC.
October 3rd marks the date of consolidation of the New York State Insurance Department and the New York State Banking Department into the Department of Financial Services, under the leadership of Benjamin Lawsky.
The Department of Financial Services was created earlier this year by merging the state banking department and the state department of insurance as part of the 2011-12 budget.
The New York State Banking Department has given Gold Coast Bank a Community Reinvestment Act (CRA) rating of "Outstanding," the highest rating possible.
As co-supervisors of a common institution operating in New York and in the DIFC, the State Banking Department and the DFSA are committed to enhancing co-operation and information sharing in relation to this bank, and any others that may follow in future.