BankInfoSecurity.com

The FDIC is seeking comment on a Notice of Proposed Rulemaking [NPR] to implement requirements of Section 165 (i)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Alabama affected by severe storms.

The Federal Deposit Insurance Corp. has issued revised guidance describing potential risks associated with relationships with third-party entities that process payments for telemarketers, online businesses and other merchants.

BankEast, Knoxville, Tenn., was closed by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver.

Patriot Bank Minnesota, Forest Lake, Minn., was closed by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corp. as receiver.

Tennessee Commerce Bank, Franklin, Tenn., was closed by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver.

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Fla., was closed by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corp. as receiver.

The National Credit Union Administration liquidated Eastern New York Federal Credit Union of Napanoch, N.Y. USAlliance Federal Credit Union of Rye, N.Y. immediately assumed Eastern New York Federal Credit Union's members, assets, loans and debts.

American Eagle Savings Bank, Boothwyn, Pa., was closed by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corp. as receiver.

The First State Bank, Stockbridge, Ga., was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver.