Thread Bank Responds to FDIC Enforcement Action Amid Rising Scrutiny on Smaller Banks
2024 is fast becoming the summer of consent orders for smaller banks. With the news Friday (June 28) that Tennessee-based Thread Bancorp is now the latest financial institution (FI) to come under the Federal Deposit Insurance Corporation’s (FDIC) scrutiny, managing for the operational, compliance, and strategic risks that come with third-party tie-ups is top of mind for both banks…
