|
City National Bank (New Jersey)
City National Bank was a regional bank headquartered in Newark, New Jersey with four branches in the New York metropolitan area. According to the June 2011 issue of ''Black Enterprise'' magazine, it was the seventh largest African-American owned and operated commercial bank in the United States. As of January 2018, the bank had 3 branches, down from a peak of 9 in 2009: 2 in New Jersey and 1 in Harlem. On Friday, November 1, 2019, City National Bank of New Jersey was closed by the Office of the Comptroller of the Currency. The FDIC The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ... was named receiver. Industrial Bank, a similar Black-owned bank headquartered in Washington D.C., acquired all deposit accounts and essentially all assets. References External links * {{Author ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City National Bank (California)
City National Bank (CNB) is a bank headquartered at City National Plaza in Los Angeles, California. CNB was founded in 1957, and since 2015 is a subsidiary of the Toronto-based Royal Bank of Canada. It is the 30th largest bank in the United States . CNB has been dubbed the "Bank to the Stars" due to its extensive relationships with numerous Hollywood entertainment industry clients, and deals with many exclusive and premier clients from various media, including television, film, theater and the arts. Management The bank had total assets of $91 billion (as of June 1, 2022). It offers a full complement of banking, trust and investment services through 75 offices, including 19 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Minneapolis, Nashville, Washington, DC and Atlanta. After the closure or merger of many Los Angeles banks, it has become the largest bank headquartered in the Greater Los Angeles Area. It also acts as a p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank typically fails economically when the market value of its assets falls below the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum. The failure of a bank is generally considered to be of more importance than the failure of other types of business firms becau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Bank (Washington D
Industrial Bank is another name for an industrial loan company. Industrial Bank is also the name of some banks: * Industrial Bank (China) * Industrial Bank of Iraq * Industrial Bank of Korea * Industrial and Commercial Bank of China The Industrial and Commercial Bank of China (ICBC; zh, 中国工商银行) is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the " big four" banks ... * Industrial Bank of Kuwait * Industrial Bank (Washington D.C.), a historic African American bank in Washington D.C. {{disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newark, New Jersey
Newark ( , ) is the List of municipalities in New Jersey, most populous City (New Jersey), city in the U.S. state of New Jersey, the county seat of Essex County, New Jersey, Essex County, and a principal city of the New York metropolitan area.Table1. New Jersey Counties and Most Populous Cities and Townships: 2020 and 2010 Censuses , New Jersey Department of Labor and Workforce Development. Accessed December 1, 2022.New Jersey County Map , New Jersey Department of State. Accessed December 27, 2022. As of the 2020 U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Metropolitan Area
The New York metropolitan area, also called the Tri-State area and sometimes referred to as Greater New York, is the List of cities by GDP, largest metropolitan economy in the world, with a List of U.S. metropolitan areas by GDP, gross metropolitan product of over US$2.6 trillion. It is also the List of largest cities by area, largest metropolitan area in the world by urban area, urban landmass, encompassing . Among the List of largest cities#Metropolitan area, most populous metro areas in the world, New York is the largest metropolitan statistical area in the United States and the only one with more than 20 million residents according to the 2020 United States census, 2020 U.S. Census. The core of this vast area, the New York metropolitan statistical area, includes New York City and much of Downstate New York (Long Island as well as the mid- and lower Hudson Valley) and the suburbs of North Jersey, northern and Central Jersey, central New Jersey (including that state's el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Bank
A regional bank is a depository institution, such as a bank, savings and loan, or credit union, which is larger than a community bank and operates below the state level, but not so large that it would operate either nationally or internationally. A regional bank is one that operates in one region of a country, such as a province or within a group of provinces. Regional banks typically have a number of branches that serve individuals and businesses across a given region. The definition of what constitutes a regional bank is not precise, although the Federal Reserve describes it as an organization "with total assets between $10 billion and $100 billion". The term is often used in the United States where regional banks are more common and within stock trading, when referring to investing in different bank types, usually referred to as regional bank ETF's (exchange-traded funds). They generally provide, with some limitations, the same services as larger banks, such as deposits; l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Office Of The Comptroller Of The Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation in the United States, regulate, and supervise all National bank (United States), national banks and Federal savings association, federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States. The acting comptroller of the currency is Rodney E. Hood, who took office on February 10, 2025. Duties and functions Headquartered in Washington, D.C., it has four district offices located in New York City, Chicago, Dallas and Denver. It has an additional 92 operating locations throughout the United States. It is an independent Government agency, bureau of the United States Department of the Treasury and is headed by the comptroller of the currency, appointed to a five-year term by the president w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FDIC
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds". Deposits placed wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Newark, New Jersey
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1972
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 2019
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
