Banking
By instituting such a requirement, the FDIC “could mitigate threats to independence and better ensure that escalation decisions are independent and evidence-based,” the GAO said.
Banking
The merger of Tysons Corner, Virginia-based ODNB Financial Corp. and Washington, D.C.-based National Capital Bancorp is set to create a $2.4 billion-asset bank with 10 branches across four states and the nation’s capital.