financial system by insuring deposits in banks and
thrift institutions, identifying risks and limiting the effect on the economy and the financial system when a bank or
thrift institution fails.
The conversion to a commercial bank charter is an important step in our evolution from a traditional
thrift institution focused primarily on residential-mortgage and construction lending to a full-service commercial and consumer bank.'
The loan was placed for a 10-year term with a 30-year amortization with a major
thrift institution.
financial system by insuring deposits in banks and
thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or
thrift institution fails.
The quality of syndicated bank credits showed continued improvement this year, according to the Shared National Credit (SNC) review released on September 15, 2005, by federal bank and
thrift institution regulators.
Mckenzie, 1994, "Thrift Asset-Class Returns and the Efficient Diversification of
Thrift Institution Portfolios", Real Estate Economics, 22:95-116
A federally chartered
thrift institution receives certain favored tax treatment and access to lower cost federal funds in return for which it must focus its business primarily on mortgage loans.
Or take the Federal Savings and Loan Insurance Corporation (FSLIC), which insures the savings of
thrift institution depositors.
Government Securities, a Florida investment firm, to engage in high-states gambling; they encouraged Marvin Warner, the principal stockholder of Home State Savings Bank of Cincinnati, Ohio's largest state-chartered
thrift institution, to stake his bank on E.S.M.'s speculation; and they insured that Federal banking officials would no try too hard to find out what was going on.
Prior to that, he held a variety of leadership positions in audit and risk management for a local national
thrift institution based in Seattle for 18 years.
To preserve minority ownership of the
thrift institution, Congresswoman Maxine Waters (D-CA) and the community's other political, religious, and business leaders "encouraged BBoC to participate in a process that ultimately concluded in the merging with Family," says Cohee.
One opportunity for tax reduction is the amortization of the core deposit intangible asset, which is created when a financial institution pays a premium above the outstanding account balances to acquire the core deposits of a bank or
thrift institution. The acquisition premium paid above the outstanding account balances for the core deposits is considered as paid for goodwill unless the taxpayer can demonstrate the existence of an intangible asset whose value is separable from goodwill and whose life is of a limited duration.