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Checks and balances: Maine banks, believers in safety first, may face bumpy ride if turmoil escalates

In the wake of the Silicon Valley Bank collapse, the consensus is that Maine banks are well-capitalized and diversified, with sufficient buffers to prevent the panicked run that unraveled SVB. But the outlook gets murky if the current turmoil escalates into a wider crisis and sparks a recession. ....

California , United-states , Zurich , Züsz , Switzerland , Maine , New-york , Kennebec , Machias , Chile , Larry-barker , Roux-techstars

In response to Silicon Valley scare, Maine bank regulator says sector is 'healthy'

As markets were rattled Monday by the failure of California's Silicon Valley Bank, Maine's top banking watchdog offered assurances that there's no danger of contagion here. ....

Maine , United-states , Americans , Jerome-powell , Janet-yellen , Lloydp-lafountain , Martin-gruenberg , Joe-biden , Silicon-valley-bank , Bureau-of-financial-institutions , York-signature-bank , Deposit-insurance-corp

Virginia banks are stable, don't face same risks of failure

The failed California and New York banks specialized in a particular industry, unlike Virginia banks, regulators and a top legislator say. ....

New-york , United-states , Henrico-county , Virginia , Bedford , California , Essex , West-virginia , Americans , Jerome-powell , Janet-yellen , Steven-yeakel

Freedom Bank Receives Regulatory Approval to Relocate its Chantilly Branch

/PRNewswire/ The Freedom Bank of Virginia (OTCQX: FDVA) announced today that it received regulatory approval from the Federal Reserve Bank of Richmond and. ....

Chantilly , Virginia , United-states , Vienna , Wien , Austria , Richmond , Joe-thomas , Josephj-thomas , Federal-reserve-bank , Bureau-of-financial-institutions , Mortgage-division

Virginia group leads $1 billion of settlements with online lenders

The Virginians who led the class-action lawsuits had taken out loans charging interest rates as high as 448% on loans ranging in size from $300 to $3,000. One borrower paid ....

Oklahoma , United-states , Montana , Missouri , Texas , California , Fairfax-county , Virginia , Tupper-lake , Richmond , Virginians , American