Office of the Comptroller of the Currency Archives

Federal Reserve Approves Merger of Webster Financial and Sterling Bancorp

The board of governors of the Federal Reserve provided regulatory approval of the previously proposed merger of Webster Financial and Sterling Bancorp.

Federal Reserve Approves WSFS’ Acquisition of Bryn Mawr Trust

WSFS Financial received all required approvals to acquire Bryn Mawr Bank Corporation, the parent company of the Bryn Mawr Trust Company, with the board of governors of the Federal Reserve approving the acquisition.

Federal Reserve, OCC Approve Merger of Huntington and TCF

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency approved the proposed merger of Huntington Bancshares and TCF and of Huntington National Bank and TCF National Bank.

Federal Reserve, OCC Approve PNC’s Acquisition of BBVA

The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency provided regulatory approval of PNC’s previously announced acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA.

May 17, 2021 BBVA USA | Federal Reserve System | Office of the Comptroller of the Currency | PNC Financial Services Group | William S. Demchak Ian Koplin

Fed, FDIC & OCC Delay CECL Adoption for Two Years

The federal bank regulatory agencies announced optional extension of the regulatory capital transition for the new credit loss accounting standard.

March 30, 2020 Board of Governors of the Federal Reserve System | CECL | Current Expected Credit Loss | Federal Deposit Insurance Corporation | Office of the Comptroller of the Currency Phil Neuffer

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB) and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach.

Reuters: OCC Will Reivew Wells Fargo CEO Pick

Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive.

May 16, 2019 Joseph Otting | Office of the Comptroller of the Currency | wells fargo Amanda Koprowski

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.

September 14, 2015 Office of the Comptroller of the Currency | Oil & Gas Rita Garwood

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.

August 13, 2015 Linda Cunningham | Office of Enterprise Risk Management | Office of the Comptroller of the Currency Rita Garwood

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