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.)
Bank trading revenue increases
The OCC has issued its First Quarter 2019 Report on Bank Trading and Derivative Activities. The trading revenue of U.S. commercial banks and federal savings associations of $10 billion in the first quarter 2019 was up $5.9 billion, or 141 percent, over the previous quarter. The 2019 figure is 30.6 percent more than the $7.7 billion reported for the first quarter of 2018.