Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities

Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities

Acting Comptroller of the Currency Michael J. Hsu toured South Carolina’s Lowcountry to gain insight into the financial needs of rural communities on Friday. During the day-long event, Hsu met with local leaders, businesses, and non-profits to discuss how bank partnerships with community development financial institutions and community-focused rural groups support economic development, particularly for…

Acting Comptroller Discusses Bank Mergers
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Acting Comptroller Discusses Bank Mergers

By KIMBERLEY HAAS The Acting Comptroller of the Currency says there is a need to update the frameworks used to analyze bank merger applications. In a speech before the Brookings Institution on Monday, Michael Hsu discussed proposed mergers in the context of bank competition, financial stability, and facilitating the needs of communities. “Bank mergers have…

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