Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Revised interagency forms implemented
FDIC FIL-38-2018, issued yesterday, announced that the FDIC is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprising representatives from the FDIC, the Fed, and the OCC. The changes were made to improve the clarity of the requests, reflect new laws and other requirements, remove unneeded information and provide transparency for filers regarding the information required for consideration of a proposal. The updated forms can be used immediately for applicable future applications filed with the FDIC.