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 Board to meet Tuesday
The FDIC Board has posted a notice of a meeting in open session at 10:00 a.m. EDT on Tuesday, July 16. On the agenda are memoranda and resolutions on:
- a Final Rule to amend 12 CFR Part 370, "Recordkeeping for Timely Deposit Insurance Determination"
- a Final Rule on Joint Deposit Accounts
- a Notice of Proposed Rulemaking amending the Securitization Safe Harbor Rule