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"Tackling new projects takes a lot of time and effort. But with cbanc, this is a solution that gives me real work savings. Using the cbanc Network doesn't take up my time, it gives me my time back."

Rich Moldenhauer
Flagship Bank Minnesota

 
 
Expedited Funds Availability Policy
Contributed by:VP‚ Compliance/BSA/Legal
Asset size: Bank with under $250m
Location: Southwest
Description: Expedited Funds Availability/EFAA

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MORE PEER CONTRIBUTED DOCUMENTS:

14 Documents 27 Answers 26 Exam Watches 5 Vendor Reviews

Funds Availability Policy
Asset size: with under $250m
Description: This Funds Availability Policy was just updated after a January FDIC Exam
Loan Workout Policy
Asset size: with between $500m - $1b
Description: Loan Workout Policy that incorporates guidance for workouts, classified assets and TDRs. Drafted by the Special Asset Manager. Has been reviewed by the FDIC and approved by the Bank's BOD.
GLBA & IT Infomation Security Risk Assessment
Asset size: with under $250m
Description: This GLBA\Information Security Risk Assessment and IT Risk Assessment is 21 pages and covers all aspects of Information Security. It has been continuously refined over the last eight years. The assessment has been well received by IT auditors, State Examiners, and FDIC. The Risk Assessment Methodolgy and Risk Assessment Device Classification are two other documents available in cbanc that support this risk assessment module.


RELATED QUESTIONS AND ANSWERS:
Q
Official Check Policy
Asked by: AVP,‚ Human Resources
Asset size: Bank with
Location:MN

What is your policy for official checks? Do they need to be signed by an officer of the bank if over a certain dollar amount? How many signatures are required for Bank Money Orders, Cashiers Checks?
A
Answered by:VP, ‚ Retail Banking/Branch Operations
Asset size: Bank with under $250m
Location: CA

We are a Commercial Bank with $210MM in assets.

We do not offer Money Orders.
Q
Retention guidelines- best place to look?
Asked by: VP,‚ Audit
Asset size: Bank with
Location:WI

Small community bank in Wisconsin. FDIC is our regulator. I am looking for the best resource(s) to use to develop a bank wide retention policy for both electronic (emails, data files) and non-electronic (loan paid files, deposit and operations records,etc) items. Right now retention is handled at the department level. Prefer something very comprehensive and user friendly where I can pick out the items that we work with and clearly determine how long we need to retain it. Also needs to pass regulator scrutiny. A vendor or data base that regularly updates would be really cool. Thank you
A
Answered by:VP, ‚ Back Office/Deposit Operations
Asset size: Bank with over $1b
Location: CA

I recommend that you look to your state and federal regulators as well as bank communitie...


RELATED EXAM EXPERIENCES:
OCC - Compliance | December 2010
exam experience posted by a CFO‚ Finance/Investments from member with under $250m in assets
Specific review into international wire processes and the determination of when funds are available. Moreover, the process to which the bank safeguards itself to ensure the collectability of international funds prior to making the funds available.
FDIC - Compliance | March 2012
exam experience posted by a CCO‚ Compliance/BSA/Legal from member with under $250m in assets
I have just come on board with this institution this week and was not involved in the exam.
FDIC - S&S | August 2011
exam experience posted by a Manager‚ Compliance/BSA/Legal from member with between $250m - $500m in assets
Justification of NIM and IRR

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Alex Information

 
 

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