Office of Thrift Supervision

• Report Sees MHC Structure In Trouble

  By David Morrison  |  September 20, 2010

  An article in the Hartford Business Journal speculates that the mutual holding company structure, long a popular option for credit unions converting from credit union to bank charters, may be on its way out.

• Taxes and Bankers and WesCorp-Oh My!

  By Sarah Snell Cooke  |  September 8, 2010

  The taxation issue brought up in a report by a quasi-administration panel is as much rite of passage into budget season as a learner's permit is to a nearly 16-year-old.

• MSB Candidate In Utah Slides Sharply

  By David Morrison  |  July 27, 2010

  A credit union which applied for a federal mutual bank charter and then withdrew its application saw its net worth ratio fall to 1.21% in June.

• OCC Head Dugan to Leave Next Month

  By Claude R. Marx  |  July 8, 2010

  Comptroller of the Currency John Dugan announced today he will leave office when his term expires on Aug. 14.

• Royal Credit Union Completes Uphill Climb to Purchase Bank Branches

  By Jim Rubenstein  |  June 23, 2010

  Wisconsin-based Royal Credit Union has finally completed its purchase of a large chunk of a troubled community bank's assets.

• NCUA Adopts Policy Supporting CRE Loan Workouts

  By Michelle A. Samaad  |  June 16, 2010

  The NCUA and other financial regulators have adopted a policy statement that aims to support prudent commercial real estate loan workouts.

• NCUA Adopts Policy Supporting CRE Loan Workouts

  By Michelle A. Samaad  |  June 16, 2010

  The NCUA and other financial regulators have adopted a policy statement that aims to support prudent commercial real estate loan workouts.

• Royal Sets June 26-28 for Bank Switchover

  By Jim Rubenstein  |  June 14, 2010

  The $1 billion Royal Credit Union of Eau Claire, Wis. wasted little time in the purchase/conversion of 11 branches of an ailing Madison bank setting June 26-28 as the formal switchover.

• Regulators Green Light CU Purchase of Bank Assets

  By Jim Rubenstein  |  June 11, 2010

  All three federal regulators with a say in the matter have given a green light of Royal Credit Union's purchase of a struggling bank's assets.

• Bank to Reimburse Consumers for Excessive Fees

  By Lindsey Siegriest  |  April 27, 2010

  The Office of Thrift Supervision has reached an agreement with Woodforest Bank of Texas to pay a penalty of $400,000 and to refund an additional $12 million back to consumers who were charged excessive fees for overdraft protection.