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.)
FDIC website warning
A warning has been issued by the FDIC advising bank customers on the potential for confusion between FDIConnect.com and the FDIC-run secure portal, FDICconnect.gov. FDIConnect.com, which advertises itself as a consumer-focused provider of FDIC pass-through insurance for bank deposits, is not affiliated with the FDIC. A similar warning was recently issued by the California Department of Business Oversight.