BNET Business Dictionary

Business Definition for: Member Bank

  • a bank that is a member of the Federal Reserve System

Additional Resources

Elk Horn Bank & Trust Co. of Arkadelphia, a member bank of Southern Development Bancorporation, has donated a house and property located at 1712 Rice St. to the Central Little Rock Community Development Corporation
* Elk Horn Bank & Trust Co. of Arkadelphia, a member bank of Southern Development Bancorporation, has donated a house and property located at 1712 Rice St. to the Central Little Rock Community Development Corporation. The house will either be renovated or torn down and replaced by a new house....
Tags: Southern Development Bancorporation
Research articles 2004-11-15
KBA Education Alliance Bank Awards Program
Sponsored by Pegasus Educational Services, LLC "Alliance" is a collaboration, union, relationship, connection, or common interest. Throughout Kentucky, banks form an alliance with their communities through many community projects and financial education efforts. The KBA Education Alliance wants to recognize your bank's outstanding contributions in your community with the "Pegasus...
Tags: Alliance Bank Inc.
Research articles 2005-03-01
The New York Clearing House and its eleven member banks form venture capital fund to fuel growth of small business in New York City; New organization to serve as a model for the nation
NEW YORK--BUSINESS WIRE--Oct. 30, 1995--The New York Clearing House and its eleven member banks today announced the formation of the New York Community Investment Co. L.L.C. NYCIC, an investment fund that will act as a capital pool for small business in New York City's five boroughs.NYCIC will begin operation with...
Tags: New York Clearing Corp.
Research articles 1995-10-26
Publication Of The May 2000 Update To The Commercial Bank Examination Manual - Brief Article
The May 2000 update to the Commercial Bank Examination Manual, Supplement No. 12, has been published and is now available. The Manual comprises the Federal Reserve System's state member bank supervisory and examination guidance. The new supplement includes the following: 1. A replacement of the "Examination Strategy" section to...
Tags: bank, exemption, Federal Reserve Board, Quality
Research articles 2000-06-01
Publication of the November 2001 update to the Commercial Bank Examination Manual - Announcements - Brief Article
The November 2001 update to the Commercial Bank Examination Manual, Supplement No. 15, has been published and is now available. The Manual comprises the Federal Reserve System's state member bank supervisory and examination guidance. The new supplement includes the following subjects: 1. Gramm-Leach-Bliley Act GLB Act Investment Authorizations for...
Tags: Banking, Federal Reserve Board, financial, Government, Regulations
Research articles 2001-12-01
Independent Bankers Bank Selects NOVA as Merchant Processing Partner
NOVA to Service 5,800 Merchants for 162 IBB Member Banks ATLANTA -- NOVA Information Systems NOVA, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB), announced that it has entered into an alliance marketing agreement with Independent Bankers Bank IBB. NOVA will provide processing services, customer service and support operations...
Tags: Bankers Bank
Research articles 2007-01-10
Orders Issued Under Bank Merger Act - Central State Bank's acquisition of Commercial Federal Bank - Statistical Data Included
Central State Bank Muscatine, Iowa Order Approving the Acquisition of a Thrift Branch Central State Bank ("Central"), a state member bank, has requested the Board's approval under section 18c of the Federal Deposit Insurance Act (12 U.S.C. [sections] 1828c) (the "Bank Merger Act") to purchase the assets...
Tags: acquisition, bank, banking, board, deposit, Federal Reserve Board, U.S. Department of Justice
Research articles 2001-08-01
Orders issued under Bank Merger Act
The Citizens Bank Batesville, Arkansas Order Approving the Acquisition and Establishment of a Branch The Citizens Bank ("Citizens Bank"), (1) a state member bank, has requested the Board's approval under section 18c of the Federal Deposit Insurance Act (the "Bank Merger Act")2 to purchase the assets and...
Tags: First National Bank
Research articles 2005-06-22
Orders issued under Bank Merger Act - Legal Developments
SunTrust Bank Atlanta, Georgia Order Approving the Acquisition and Establishment of Branches SunTrust Bank ("Bank"), a state member bank and a wholly owned subsidiary of SunTrust Banks, Inc., Atlanta, Georgia ("SunTrust"), has applied under section 18c of the Federal Deposit Insurance Act (12 U.S.C. [section] 1828c) ("Bank Merger...
Tags: Huntington National Bank, SunTrust Banks Inc.
Research articles 2002-02-01
Peoples National Bank opens Lauderdale Lakes office
National Bank, South Florida's only African-American-owned bank, began serving customers from a new branch office Thursday.The new office, at 2412 North State Road 7 in Lauderdale Lakes is the third branch office opened in this pioneering bank. The headquarters office is located at 3275 NW 79 Street in Miami...
Tags: Peoples National Bank
Research articles 1996-02-15
HDFC Bank Joins Euronet's Cashnet Shared ATM Network in India
LEAWOOD, Kan. & MUMBAI, India -- Euronet Worldwide, Inc. (Nasdaq: EEFT), a leading electronic payments provider, today announced that HDFC Bank has joined its Cashnet shared ATM network in India. Cashnet, operated by Euronet, is the largest nationwide multilateral shared ATM network in the country. HDFC Bank operates the fourth-largest...
Tags: Euronet Worldwide Inc., HDFC Bank Ltd.
Research articles 2005-05-17
Bank of America signs on with State Street's FXConnect.
Byline: Frances Maguire Bank of America, one of the biggest foreign exchange players in the US, is set to join State Street's foreign exchange trading network as the race to win electronic FX orders from institutional investors hots up. Bank of...
Tags: Fxall
Research articles 2001-06-04
Electronic Clearing House and Provident Bank Sign Agreement for Electronic Check Services
Business Editors AGOURA HILLS, Calif.--BUSINESS WIRE--July 24, 2001 Visa member bank, Provident, selects Electronic Clearing House Inc. as its third-party processor for Visa's innovative POS check service Electronic Clearing House Inc. (Nasdaq:ECHO), a leading provider of electronic payment services, today announced that the company has entered...
Tags: agreement, Echo, Electronic Clearing House Inc., point-of-sale, Provident Bank, Visa Inc.
Research articles 2001-07-24
Colorado Bank Joins PULSE EFT Association; Union Colony Bank Expands Services to Customer Base
HOUSTON--BUSINESS WIRE--Sept. 18, 1998--To provide a variety of ATM services and other electronic banking conveniences to customers, Union Colony Bank of Greeley, Colo., has joined PULSER EFT Association. PULSE's newest member bank also has branches in West Greeley and Windsor, as well as four ATMs located throughout northern Colorado. ...
Tags: Pulse EFT Association Inc., Union Colony Bank
Research articles 1998-09-18
Americas Software to Install Anti-Money Laundering, USA PATRIOT Act Compliance Software at Coconut Grove Bank in Florida
Business Editors/Technology Writers MIAMI--BUSINESS WIRE--Aug. 6, 2002 Americas Software today announced it has signed a contract to install its ASSIST//ckR money-laundering detection system at Coconut Grove Bank, a state-chartered, Federal Reserve-member bank with three branches in Miami-Dade County, Florida. Coconut Grove Bank will use ASSIST//ck to comply...
Tags: Coconut Grove Bank
Research articles 2002-08-06
Publication Of The November 2000 Update To The Commercial Bank Examination Manual
The November 2000 update to the Commercial Bank Examination Manual, Supplement No. 13, has been published and is now available. The Manual comprises the Federal Reserve System's state member bank supervisory and examination guidance. The new supplement includes the following: 1. The September 1999 FFIEC Interagency Policy Statement on...
Tags: asset, audit, bank, Federal Reserve Board, FINANCE, Strategy
Research articles 2001-01-01
Yahav buys half of Jerusalem building. (Bank Yahav, Jerusalem, Israel)
Bank Hapoalim group member, Bank Yahav, has acquired 50 percent of a business and office building near the western entrance to Jerusalem. Yahav will pay $16.1 million to Mordehai Yonah-owned Heftsibah for its share in the property which covers an area of 8,000 square...
Tags: Bank Hapoalim
Research articles 1996-06-30
Orders issued under Bank Merger Act - Legal Developments - committee approves merger of Banco Popular de Puerto Rico, Banco Bilbao Vizcaya Argentaria Puerto Rico - Statistical Data Included
Banco Popular de Puerto Rico Hato Rey, Puerto Rico Order Approving the Acquisition of Branches Banco Popular de Puerto Rico ("Banco Popular"), a state member bank, has applied under section 18c of the Federal Deposit Insurance Act (12 U.S.C. [section] 1828c) ("Bank Merger Act") to acquire certain assets...
Tags: Banco Bilbao Vizcaya Argentaria S.A.
Research articles 2002-03-01
First Community Bank Involved in Acquisition of the Fairfax, Virginia-based Gibson Agency
Business Editors BLUEFIELD, Va.--BUSINESS WIRE--July 20, 2001 As a member bank of Bankers Insurance, LLC, First Community Bank (Nasdaq: FCBC; www.fcbinc.com) announced today that Bankers Insurance intends to acquire the Fairfax, Virginia-based Gibson Agency ("Gibson"). This represents the sixth agency acquisition by Bankers Insurance over the past...
Tags: First Community Bank Inc.
Research articles 2001-07-20
An Examination of Country Member Bank Cash Balances of the 1930s: A Test of Alternative Explanations
Wm. Stewart Mounts [+] Clifford B. Sowell [+] Atul K. Saxena [++] Around March 1933, commercial banks began accumulating unprecedented amounts of cash. Uncertainty over deposits and loans, low interest rates relative to brokerage fees, and costly de novo capital have been used to explain this behavior....
Tags: accumulation, adjustment, asset, bank, banker, banking, coefficient, Federal Reserve Board, Friedman, Morrison, security
Research articles 2000-04-01
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