| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
Kentucky financial institutions remain strong Article includes links to full report, and CM listing of state chartered bank assets in the 7-County - Adair, Casey, Cumberland, Green, Metcalfe, Russell and Taylor County area. By Kelly May FRANKFORT, KY (Wed 13 Jul 2016) - Today the Department of Financial Institutions (DFI) released the 2015 Annual Report. The report summarizes the status of state-chartered banks, credit unions, lenders and investment firms in Kentucky. Assets of state chartered in the 7-County - Adair, Casey, Cumberland, Green, Metcalfe, Russell and Taylor area. Banks with national charters not included. List includes multicounty operations with presence in one or more communities in the CM 7-County area.
"Financial service companies continue to successfully address the challenges facing the industry - such as information technology changes, cybersecurity threats, increased federal regulations and modest economic growth," said DFI Commissioner Charles Vice. "This report confirms that DFI provides strong consumer protections for residents using financial services, while at the same time providing a sensible regulatory environment for financial service providers." DFI supervises 137 state-chartered banks with assets from $22 million to $4.2 billion and 25 state-chartered credit unions with assets from $666,000 to $1.03 billion. Kentucky state-chartered banks and credit unions continue to maintain strong capital levels compared to contiguous states and the national average for state-charted institutions. While the low interest rate environment has compressed the net interest margin, depository institutions have been able to maintain earnings through improved asset quality and more efficient operations. One concerning trend is consolidation in the banking industry, as state-chartered banks declined by 10 in 2015. The Nondepository Division oversees a very broad service market, and is responsible for 2,150 licensed entities and 6,878 registered mortgage loan originators and processors. During 2015, the division conducted 1,133 regulatory examinations, and new mortgage examination procedures were implemented to make the examination process more efficient. The Securities Division provides sound regulatory oversight of investment activities and encourages capital formation for future economic growth. In 2015, the Securities Division conducted 119 examinations and 38 investigations, which resulted in 12 administrative orders and more than $8 million in investor restitution. In addition to working closely with law enforcement agencies to address regulatory concerns, DFI also provides investor education to help Kentucky residents save, spend and invest wisely. The successes and achievements of DFI during 2015 indicate appropriate use of the multiple regulatory tools available to the department, such as licensing, registration, examination and enforcement actions. "The DFI places a high priority on consumer protections, as evidenced by the use of appropriate enforcement actions when noncompliance was noted, restitution to consumers that were harmed, and financial education and outreach," said Vice. "However, that must be balanced by effective industry oversight that ensures compliance with existing statutes and regulations. The DFI attempts to promote a robust marketplace that has multiple service providers, which gives consumers options for financial services." The DFI annual report contains statistical and historical information regarding the financial services industry in Kentucky. For more information, or to view or download the entire report, visit ky.gov/publications/Pages/annualreports.aspx DFI is an agency in the Public Protection Cabinet. For more than 100 years it has supervised the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI's mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities. This story was posted on 2016-07-14 07:39:00
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Today, THURSDAY with CM - 14 Jul 2016 Bro. Udell Stilts to preach at Flatwoods 17 Jul 2016 Urgent Care will be built at Pinewood Shopping Center Adair County Fiscal Court Report - V - Pay scale problems Meet & Greet for pastor of Eunice Church of God - 16 Jul 2016 Welcome Home! SSGT Daniel Kermeen & Family - from Okinawa Traffic Advisory - I65 Northbound near MP 66 In Hart County AC Fiscal Court report IV 12 Jul 2016. Economic development C/AC Airport Steve Willis speaker at Journey to Recovery 15 Jul 2016 CAUD regular meeting agenda 14 Jul 2016 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
