|
|
| | Treasury Releases AI Resources for the Financial Sector |
|
|
|
| | The Treasury Department has released two resources to help the financial services sector safely deploy artificial intelligence. These are the first of a series of six resources developed in partnership with industry and federal and state regulatory partners to enable secure and resilient AI across the U.S. financial system. The first two releases include: |
|
|
|
|
|
|
- AI Lexicon - defining key AI-related terms based on definitions from various industry standards and government resources with the goal of improving sector communications, on aspects ranging from risk management to contracts negotiation.
|
|
|
|
|
|
|
- Financial Services AI Risk Management Framework (FS AI RMF) – consisting of an AI Adoption Stage Questionnaire, a Risk and Control Matrix, a User Guidebook, and a Control Objective Reference Guide. It is designed as a complement rather than a replacement to existing frameworks and is intended to provides a scalable and adaptable approach.
|
|
|
|
|
|
|
|
| | Quarterly Banking Profile |
|
|
|
| | The FDIC has released the results of its latest Quarterly Banking Profile, based on reports from 4,336 insured commercial banks and savings institutions. | | In the fourth quarter of 2025, FDIC-insured institutions reported a return on assets ratio of 1.24 percent and aggregate net income of $77.7 billion, a decrease of $1.6 billion (2.0 percent) from the prior quarter. | | For the full year, FDIC-supervised institutions reported net income of $295.6 billion, a 10.2 percent increase from 2024. |
|
|
|
| | |
| | Fed Seeks Input on Reducing Reg Burden |
|
|
|
| | The Federal Reserve will hold a hybrid public hearing on March 26 to take public comment on ways to reduce outdated and burdensome regulations. The in-person portion will be held at the Fed’s headquarters in Washington, D.C. Any person interested in providing oral comments, either in-person or virtually, must register for the hearing by March 19. |
|
|
|
| | | | |
|
|
|
|
|
|
|
|
| | | Advocacy Opportunities: ABA Washington Summit (March 9-11) and ICBA Capital Summit (May 4-7) |
|
|
|
| | NCBA partners closely with ABA and ICBA to advance pro-banking legislation and oppose harmful proposals. One of the most effective ways you can support this work is by attending the ABA Washington Summit (March 9–11) or the ICBA Capital Summit (May 4–7), both held in Washington, DC. |
|
|
|
|
|
|
|
|
|
| NC Banker Earl W. Worley, Jr. Has Been Re-Elected to ICBA Federal Delegate Board |
|
|
|
| | The Independent Community Bankers of America announced that North Carolina community banker Earl W. Worley, Jr., President/CEO of KS Bank, has been re-elected to the ICBA Federal Delegate Board. |
|
|
|
|
|
|
| "Community banks play a vital role in helping families thrive and small businesses grow," said Worley. “I’m proud to work with ICBA to advance policies and initiatives that protect and empower these institutions in their efforts to build stronger, more resilient communities that bolster our economy and make a meaningful difference in neighborhoods across America." |
|
|
|
| | |
|
|
|
| Applications Open for 2026 NCBA Foundation Scholarship Through March 27 |
|
|
|
| | The NCBA Foundation is proud to continue its longstanding commitment to higher education through the 2026 Scholarship Program. Submit your application by March 27! |
|
|
|
| | |
|
|
|
| Applications Are Open for the Spring BankWork$ Training Program Through April 20 |
|
|
|
| | The application window has opened for the next BankWork$ training program. This eight-week workforce development initiative is designed to prepare participants for careers in the financial services industry. |
|
|
|
|
|
|
| BankWork$ provides comprehensive training in essential banking skills, customer service, and professional development, along with one-on-one coaching and direct connections to local financial institutions seeking qualified candidates. Graduates are prepared to pursue entry-level roles such as personal banker, associate banker, relationship banker, and lead teller, creating a clear pathway from training to employment. | | Applications will remain open through April 20. Bankers are encouraged to share this opportunity within their communities to help connect job seekers with rewarding careers in North Carolina’s banking industry! |
|
|
|
|
|
|
|
|
|
|
| Federal Legislative & Regulatory Update⚖️ |
|
|
|
|
|
|
| Estimating the Cost of the CFPB to Consumers |
|
|
|
| | The White House Council of Economic Advisors has released a report that estimates – since 2011 – the CFPB has cost consumers between $237-$369 billion as financial institutions were forced to pass on their increased compliance and liability expenses to customers. |
|
|
|
|
|
|
| Higher borrowing costs from CFPB policies significantly reduced loan originations, resulting in an economic efficiency loss of between $1.5-$5.7 billion to consumers. The report also estimates that the CFPB cost businesses $21 billion in additional paperwork since its inception. |
|
|
|
| | |
|
|
|
| Senator Warren Seeks Information on Fed Staffing Changes |
|
|
|
| | Sen. Elizabeth Warren (D-MA), ranking member on the Senate Banking Committee, and five other Democratic Senators are reportedly demanding that the Fed turn over information on recent changes to its bank supervision division. |
|
|
|
|
|
|
| The move follows the publication of an article in The Wall Street Journal reporting that former and current Fed staff have expressed concerns about Fed Vice Chair for Supervision Michelle Bowman, who has directed supervisors to focus on core financial risks and changed staffing levels. | | “It is critical that examiners be allowed to evaluate banks’ safety and soundness and their compliance with applicable laws and regulations without fear or favor,” the letter said. |
|
|
|
| | |
|
|
|
|
| Removing Reputational Risk from Bank Supervision |
|
|
|
| | The Fed is seeking public comment on a proposal to codify its recent decision to remove the use of reputational risk from its bank supervision. Comments are due within 60 days after publication in the Federal Register. |
|
|
|
| | |
|
|
|
| | Fed Vice Chair for Supervision Michelle Bowman, FDIC Chairman Travis Hill, and Comptroller of the Currency Jonathan Gould are scheduled to appear before the Senate Banking Committee on Thursday to provide regulatory updates from their agencies. Part of the hearing title is “Rightsizing Regulation to Promote American Opportunity.” |
|
|
|
| | |
 | L-to-R: Michelle Bowman, Travis Hill,
and Jonathan Gould |
|
|
|
|
|
|
|
|
|
|
| Penalties for ATM Robberies |
|
|
|
| | Sen. Ted Cruz (R-TX) and Sen. Ruben Gallego (D-AZ) have filed Senate bill – S. 3798 (Safe Access to Cash Act of 2026) – to establish criminal offenses for robbing persons using or servicing ATMs and additional criminal offenses for damaging, tampering with or stealing from ATMs, regardless of whether the ATMs are located on the physical premises of a financial institution. |
|
|
|
| | |
 | | Left: Sen. Ted Cruz | Right: Sen. Ruben Gallego |
|
|
|
|
|
|
|
|
| Gallup Poll Reflects Rebounding Confidence in Banks |
|
|
|
| | Based on Gallup polling, confidence in banks has rebounded in many countries that suffered major financial sector losses and economic decline during the 2008 global financial crisis. In 2025, across 25 countries most affected by the crisis, a median of 63% expressed confidence in their financial institutions and banks, marking a new high. |
|
|
|
|
|
|
| Previously, public confidence fell from nearly 60% to 40% immediately following the crisis, and reached a low of 37% in 2012. Banks now rank among the most trusted institutions in the 25 countries surveyed, along with election integrity and the military. | | However, in the U.S., public confidence in banking has not fully recovered from the crisis, with roughly 62% of respondents saying they trusted banks and financial institutions, down from 76% immediately before the recession. |
|
|
|
| | |
|
|
|
|
| | Save the Date for the North Carolina School of Banking: July 20-24, 2026 |
|
|
|
| | Are you ready to dive deeper into the world of banking? Then save the date for the North Carolina School of Banking! With top-notch training from some of the sharpest minds in the industry, there’s no other experience quite like it. |
|
|
|
|
|
|
|
| Need Credits? Earn CRCM, CPE, SHRM and More! |
|
|
|
| | Looking to skill up? For a limited time, North Carolina Bankers Association is making it easier than ever to invest in your professional growth. Sign up for one of the upcoming webinars from our partnered providers: |
|
|
|
|
|
|
|
|
|
|
|
| Ameris Bank Announces Executive Leadership Changes |
|
|
|
| | Ameris Bank today announced that Chief Strategy Officer Jim LaHaise and Chief Risk Officer Bill McKendry each has announced his intention to retire this year. |
|
|
|
|
|
|
| “Jim and Bill have been exemplary leaders, guiding our organization with integrity and a steadfast commitment to excellence in serving our customers,” said Palmer Proctor, CEO of Ameris Bank. “On behalf of the entire Ameris team, I share our sincere gratitude for their outstanding leadership and dedicated service to Ameris Bank.” | | David Boggs, currently General Auditor at Ameris, will be promoted to Chief Risk Officer, following a period of transition. | | Chief Governance Officer, Michael Pierson, with nearly thirty years of experience with the company, will take on executive oversight of Ameris Bank Mortgage, Ameris Bank Equipment Finance and US Premium Finance from LaHaise. |
|
|
|
| | | |
|
|
| Wells Fargo Names Dennis Devine to Lead Business Banking |
|
|
|
| | Wells Fargo & Company announced that Dennis Devine has been named the company’s new head of Business Banking, effective today. In this role, Devine will lead the Business Banking team, which serves the financial needs of business owners with annual sales of up to $25 million. He will report to Kleber Santos, Co-CEO of Consumer Banking and Lending for Wells Fargo, and will be based in Charlotte, N.C. |
|
|
|
| | |
 | | Dennis Devine, Wells Fargo |
|
|
|
| | |
|
|
|
|
|
| | "Every great dream begins with a dreamer." |
|
|
|
| | |
|
|
|
| NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US |
|
|
|
| | If you no longer want to receive emails regarding the NCBankers Bulletin, please profile. |
|
|
|
|
|
|