TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On May 1, the Federal Financial Institutions Examination Council (FFIEC) announced the selection of Texas Banking Commissioner Charles G. Cooper to its State Liaison Committee (SLC) for a two-year term. The SLC also announced that Cooper has been elected chair of the committee for a one-year term. Cooper has served as Texas’ banking commissioner since … Read more
The Federal Reserve Bank of Dallas has appointed Pamela E. Bethel senior vice president, general counsel and corporate secretary, effective May 19. As general counsel, she will have general supervision of the bank’s legal department. As corporate secretary, she will work closely with the bank’s board of directors and advisory council members. Bethel served as … Read more
The 2021 release of the Paycheck Protection Program (PPP) is part of the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. The new release of the program arrived at the right time, as the health of small businesses had deteriorated toward the end of 2020. In this report, we first … Read more
The economy expanded at a modest pace in the Federal Reserve System’s 11th District in recent months, but activity in most industries remained below normal levels. That’s one of the key findings reported in the Fed’s latest edition of the Beige Book, published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic … Read more
If COVID-19 and an economic recession are not enough for you to deal with, here’s another regulatory issue that continues to loom over all banks—the Community Reinvestment Act. CRA Exams. First, CRA examinations and release of exam results continue. Lists of banks up for their exam are posted. These should be “virtual” exams in keeping … Read more