First Federal and CBC Receive Regulatory Approval for Merger

First Federal Bancorp and Coastal Banking Company received all required approvals from the Federal Reserve Bank of Atlanta, the Office of the Comptroller of the Currency, and the South Carolina Office of the Commissioner of Banking for their previously announced merger.

Regulators Scrutinize Effect of Falling Energy Prices

Reuters reported regulators are scrutinizing the impact of falling energy prices on bank loans in a move that could make it more difficult for lenders to extend extra credit to troubled oil and gas companies.

Cunningham Named OCC’s First Chief Risk Officer

Linda Cunningham was named the first Chief Risk Officer at the Office of the Comptroller of the Currency.