Tioga-Franklin Savings Bank, a single-branch lender in Philadelphia’s Tioga neighborhood, closed on August 21, 2026, after the Pennsylvania Department of Banking and Securities took possession of the institution and named the Federal Deposit Insurance Corporation as receiver. It was the fifth bank to fail in the United States this year, and the FDIC estimates that…

Capital One customers who have held on to an older 360 Savings account got a rate bump on August 4, 2026, when the bank raised the interest paid on that legacy product to match its newer, higher-paying 360 Performance Savings account. For years, the two accounts paid very different rates even though they functioned almost…

Federal regulators quietly closed the book on four bank employees this summer, permanently barring each of them from ever holding a job at a federally insured bank again. The Federal Deposit Insurance Corporation released the decisions as part of its routine monthly enforcement list, and one of the four worked at Truist Bank, a bank…

Five federal bank regulators said this week that a rule banks have long pointed to as a reason they can’t explain a frozen or closed account was never the roadblock it was treated as. In a joint statement issued September 2, the Financial Crimes Enforcement Network, the Federal Reserve, the FDIC, the National Credit Union…

Money is flowing back into U.S. banks for an eighth straight quarter, and on paper that looks like a vote of confidence in the banking system. Look closer at the Federal Deposit Insurance Corporation’s Quarterly Banking Profile for the second quarter of 2026, released August 25, and the growth tells a narrower story: nearly all…

Banks had one of their most profitable quarters in years this spring, and they still finished it holding $326.7 billion in paper losses on securities they haven’t sold. The Federal Deposit Insurance Corporation’s Quarterly Banking Profile for the second quarter of 2026, released August 25, shows that the exposure driving those losses hasn’t disappeared since…

Two federally insured institutions went under this month, on opposite ends of the financial system, and neither event cost a single depositor or member a dollar. A small, newly chartered credit union in Missouri was shut down for unsafe operations, and a century-old Philadelphia savings bank became the fifth bank failure of the year nationwide.…

Bank failures make headlines; the quieter numbers that predict them rarely do. The FDIC’s latest scorecard on the health of the banking industry, covering the second quarter of 2026, shows both sides of the ledger moving in a reassuring direction for anyone with money sitting in a checking or savings account. Fewer banks are flagged…

Money sitting in a single bank account above $250,000 has always carried some exposure the standard FDIC insurance limit doesn’t cover on its own. Banks have spent years building networks that split large deposits across many banks to close that gap without the depositor lifting a finger, and a rule change adopted at the end…

When a small credit union fails, most of the country never hears about it, but the roughly 183 people who banked there want to know exactly what happens next. In early August 2026, federal regulators closed a tiny credit union in the St. Louis suburb of Saint Ann, Missouri, while two other credit unions, one…