NAIB Reaffirms Strength and Oversight of Industrial Banks
A letter to FDIC Acting Chairman Travis Hill reaffirming that industrial banks are among the nation’s best-performing, best-capitalized, and safest financial institutions—operating under robust FDIC oversight that is as strong or stronger than that applied to bank holding companies.
“We urge the FDIC to remain confident in its established framework and continue supporting the fair, timely, and transparent review of industrial bank applications that meet state and federal requirements,” said Frank Pignanelli, Executive Director of NAIB. “Without industrial banks, America would lose one of its most reliable engines of capital, jobs, and community investment.”