Tonight is the Harvest Moon and the first of three Super Moons this year. It is the Harvest moon because it is the full moon closest to the autumnal equinox. 

With the end of FY 2025 looming on Tuesday at midnight, all indications are that Congress will fail to pass a Continuing Resolution (CR) to keep the government funding into FY 2026. 

Last week, the National Association of Industrial Bankers (NAIB) welcomed strong bipartisan support for industrial banks (IBs) from a group of United States Senators. They urged the FDIC to uphold the laws Congress has established to ensure fair treatment of IB applications.

Today marks the end of summer with the autumnal equinox.  I am always a bit melancholy about the end of summer; fall is also a lovely if you ignore the shorter days and the ubiquitous pumpkin spice.  

The National Association of Industrial Bankers, the Utah Bankers Association, and the Nevada Bankers Association appreciate the FDIC’s ongoing support in improving the transparency, timing, and consistency of the current application process.

A new report from the Utah Center for Financial Services at the David Eccles School of Business at the University of Utah finds that industrial banks have consistently demonstrated resilience and a strong financial condition, even during periods of economic stress.