September 29, 2016 8:07 AM ET

Diversified Financial Services

Company Overview of Federal Deposit Insurance Corporation

Company Overview

Federal Deposit Insurance Corporation is a United States federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. The FDIC provides coverage for deposits in national banks, in state banks that are members of the Federal Reserve System, and in other qualified state banks. Federal Deposit Insurance Corporation also supervises the Savings Association Insurance Fund, the agency that was created to provide coverage for savings and loan associations. The institution was founded in 1933 and is headquartered in Washington, District Of Columbia. It has regional offices all over the United States.

550 17th Street, NW

Washington, DC 20429-0002

United States

Founded in 1933

Phone:

202-393-8400

Fax:

202-898-3772

Key Executives for Federal Deposit Insurance Corporation

Deputy to the Chairman and Chief Financial Officer
Chief Operating Officer
Chief Risk officer
Chief Learning Officer and Director of Corporate University
Head of Legislative Affairs
Compensation as of Fiscal Year 2016.

Federal Deposit Insurance Corporation Key Developments

First Bancorp Enters in to Agreement with Federal Deposit Insurance Corporation to Terminate All Loss Share Agreements

First Bancorp has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) that terminates all loss share agreements between First Bank and the FDIC. The company said the loss share agreements were related to two failed bank acquisitions from 2009 and 2011. Under the terms of the agreement, First Bank paid USD 2.0 million to the FDIC and all rights and obligations related to payments under the agreements were terminated. As a result of the settlement, First Bancorp expects to record a pretax expense of approximately USD 5.7 million this quarter.

Federal Deposit Insurance Corporation Presents at Distributed Ledger Technology: Blockchain For Financial Institutions, Sep-28-2016

Federal Deposit Insurance Corporation Presents at Distributed Ledger Technology: Blockchain For Financial Institutions, Sep-28-2016 . Venue: New York, New York, United States.

Federal Deposit Insurance Corporation Names Manju Puri as Director for Center for Financial Research, Effective October 1, 2016

The Federal Deposit Insurance Corporation (FDIC) announced that Professor Manju Puri, Ph.D., will serve as the director of the FDIC's Center for Financial Research for two years starting October 1, 2016. She is currently the J. B. Fuqua Professor, Finance, at the Fuqua School of Business at Duke University. Prior to arriving at Duke, Puri was associate professor of finance at Stanford University's business school. Puri is a leading scholar of banking and venture capital. Her research interests are in the area of empirical corporate finance and financial intermediation, with a focus on commercial banks, investment banks, and entrepreneurship.

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