Office of the Supervising Architect for the U.S. Treasury

Signature Bridge Bank Opens its Doors

Retrieved on: 
Monday, March 13, 2023
Banking, Professional Services, Finance, Signature Bridge, Risk, Federal Deposit Insurance Corporation, Federal Reserve, Signature Bank, FDIC, Office of the Supervising Architect for the U.S. Treasury, Bank

Today Signature Bridge Bank, N.A., a New York-based, full-service commercial bank, announced it is opening its doors.

Key Points: 
  • Today Signature Bridge Bank, N.A., a New York-based, full-service commercial bank, announced it is opening its doors.
  • As stated in a press release yesterday by the Federal Deposit Insurance Corp. (FDIC), Greg D. Carmichael has joined the bank as Chief Executive Officer.
  • With all of the deposits and substantially all of the assets of former Signature Bank, the bank will continue to take care of its clients, providing a full suite of loan, deposit, and banking services.
  • I look forward to working with them to realize the full potential of Signature Bridge Bank.”
    View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005347/en/

Rural Development Partners Helps Wilmington Food Bank Expand

Retrieved on: 
Thursday, March 9, 2023
Anbaric Development Partners, New Markets Tax Credit Program, Community development financial institution, Health education, Social media, Cape Fear, Workforce, FOREST, NMTC, SF, Food bank, Multimedia, Office of the Supervising Architect for the U.S. Treasury, Food, Organization, Capital Area Food Bank, Hunger, Metro, RDP, Grocery store

FOREST CITY, Iowa, March 9, 2023 /PRNewswire/ -- Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch .

Key Points: 
  • FOREST CITY, Iowa, March 9, 2023 /PRNewswire/ -- Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch .
  • "Rural Development Partners is proud to play a small part in helping fight food insecurity, and we know that the Wilmington Food Bank will now be better equipped to meet the needs of those in both the non-metro and metro counties that they serve."
  • "We know we can't solve hunger in the Cape Fear region alone and we're so thankful for partnerships like this one with Rural Development Partners," said Ashley C. McCumber, President & CEO of the Food Bank.
  • Rural Development Partners (RDP) utilizes the New Markets Tax Credit (NMTC) program to help organizations relocate, renovate, or expand their operations in distressed rural communities.

Former DOJ Trial Attorney Jason Crawford Returns to Crowell & Moring

Retrieved on: 
Wednesday, January 25, 2023
Procurement, United States Justice Department investigation into attempts to overturn the 2020 presidential election, Justice, Georgetown University, United States Court of Federal Claims, Treasury, Congress, Buy American Act, Government, Politics, Crime, University of Oxford, FCA, Crowell, Office of the Supervising Architect for the U.S. Treasury, Federation, False Claims Act, Crowell & Moring, Georgetown University Law Center, Office of Inspector General, U.S. Department of Health and Human Services, Justice minister, Private investigator

WASHINGTON, Jan. 25, 2023 /PRNewswire/ -- Crowell & Moring expands its False Claims Act, investigations, and government contracts practices with the addition of Jason M. Crawford, a former trial attorney at the U.S. Department of Justice's Civil Division, Fraud Section. Crawford investigated and litigated FCA cases that resulted in the recovery of millions of dollars for the U.S. Treasury and federal programs.

Key Points: 
  • WASHINGTON, Jan. 25, 2023 /PRNewswire/ -- Crowell & Moring expands its False Claims Act, investigations, and government contracts practices with the addition of Jason M. Crawford , a former trial attorney at the U.S. Department of Justice's Civil Division, Fraud Section.
  • Crawford investigated and litigated FCA cases that resulted in the recovery of millions of dollars for the U.S. Treasury and federal programs.
  • Crawford also handled FCA matters involving health care entities, medical device manufacturers, and American importers.
  • A recognized thought leader on FCA developments, Crawford has written and presented extensively on key trends and significant cases involving the fraud statute.

Fortnite Video Game Maker Epic Games to Pay More Than Half a Billion Dollars over FTC Allegations of Privacy Violations and Unwanted Charges

Retrieved on: 
Monday, January 16, 2023
Online, Dark, Commission, Justice, Douglas v. U.S. District Court ex rel Talk America, Social media, Fortnite, Suicide, Federal Trade Commission, COPPA, Apple, Regulations.gov, Complaint, DOJ, Department, Parent, District court, Blog, Federal, News, Justice minister, Risk, FTC, Privacy, Office of the Supervising Architect for the U.S. Treasury, Cosmetics, Google, Processor register, Consumer protection, Human, History, Life, Electronic Privacy Information Center v. Department of Justice, Marketing, Dietary supplement, Satellite navigation device, Toy, Mobile phone, Online shopping, Amazon
Key Points: 

    Philadelphia-area Company To Pay $45 Million Whistleblower Settlement For Outsourcing Heart Monitoring To India

    Retrieved on: 
    Wednesday, December 21, 2022
    Medicare, Biotelemetry, LLP, Office of the Supervising Architect for the U.S. Treasury, AUSA, False Claims Act, Patient, Federation, Medicare (United States), Government, Pharmaceutical industry, Ridesharing company

    Ross Feller Casey's Brian J. McCormick, Jr., a top national whistleblower attorney, said the case centered around allegations that the company improperly billed Medicare and other federal programs for remote heart monitoring services between 2013 and 2022.

    Key Points: 
    • Ross Feller Casey's Brian J. McCormick, Jr., a top national whistleblower attorney, said the case centered around allegations that the company improperly billed Medicare and other federal programs for remote heart monitoring services between 2013 and 2022.
    • With remote heart monitoring, information from a patient's monitoring device is transmitted around the clock to technicians to provide doctors with early indications of trouble.
    • The company was supposed to perform those vital services in the U.S. but allegedly hired technicians in India instead.
    • Also, the company faced allegations that the technicians in India were not licensed or certified to perform the monitoring, as required by federal law.

    Territorial Bancorp Inc. Declares Special Dividend

    Retrieved on: 
    Thursday, December 8, 2022
    Federal Reserve Board of Governors, Pandemic, Financial Accounting Standards Board, Terrorism, Treasury, Security (finance), Government, Public Company Accounting Oversight Board, Office of the Supervising Architect for the U.S. Treasury, Unitary state, Environment, Growth, Clifton Bancorp, Inc., Finance, COVID-19, Holding company, Audit, Bank, Risk management

    HONOLULU, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on December 29, 2022 to shareholders of record as of December 19, 2022.

    Key Points: 
    • HONOLULU, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on December 29, 2022 to shareholders of record as of December 19, 2022.
    • In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change.
    • We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this release.
    • Because of these and a wide variety of other uncertainties, our actual future results may be materially different from the results indicated by these forward-looking statements.

    Signature Bank to Participate in the Goldman Sachs 2022 US Financial Services Conference

    Retrieved on: 
    Wednesday, November 30, 2022
    Banking, Technology, Accounting, Professional Services, Small Business, Payments, Security, Other Technology, Blockchain, Software, Networks, Other Professional Services, Internet, Mobile, Wireless, Hardware, Data Management, Finance, COVID-19, Conrad Hotels, Signature, Environment, Unitary state, Conference, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Climate change, FDIC, Bank, Financial services, Treasury, Office of the Supervising Architect for the U.S. Treasury, Government, Structure of the Federal Reserve System, Senior, Goldman, State Street Bank & Trust Co. v. Signature Financial Group, Inc., Federal Reserve, Sale, Signature Bank, Goldman Sachs, Safety

    Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs 2022 US Financial Services Conference.

    Key Points: 
    • Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs 2022 US Financial Services Conference.
    • The conference is scheduled for Tuesday, December 6th - Wednesday, December 7th, 2022 at the Conrad Hotel in New York City.
    • Signature Bank was the first FDIC-insured bank to launch a blockchain-based digital payments platform.
    • Since commencing operations in May 2001, Signature Bank reported $114.5 billion in assets and $102.8 billion in deposits as of September 30, 2022.

    Refundamentals: How the FTC returns billions to consumers

    Retrieved on: 
    Wednesday, November 30, 2022
    Zero, Privacy, Federal Trade Commission, Judgement, Nada, Report, Blog, Generations Fund, Mazel tov, Policy, Federal Trade Commission Act of 1914, Treasury, Comment, Office of the Supervising Architect for the U.S. Treasury, Bank account, Consumer, News, Boss, Volkswagen, Record, Fraud, Duesenberg, VW, FTC, New, Online shopping, Dietary supplement, Private investigator, Audi

    So how do provisions like that translate into real help for real consumers?

    Key Points: 
    • So how do provisions like that translate into real help for real consumers?
    • Thats the subject of the FTC Bureau of Consumer Protections Office of Claims and Refunds Annual Report.
    • Covering the period between July 1, 2016 and June 30, 2017, the Report recaps how FTC cases resulted in orders that returned billions back to consumers.
    • How do we get checks to eligible consumers while outwitting fraudsters who may try to subvert our efforts?
    • In total, during the 12-month period covered by the Report, FTC cases resulted in more than $6.4 billion in refunds for consumers.
    • In other cases, the FTC sent money directly to consumers.
    • Second, what happens if theres money left over after a refund program or if there isnt enough to provide meaningful refunds to individual consumers?
    • In those instances, the FTC sends the money to the U.S. Treasury, where it goes into the General Fund.
    • In other words, we never forget that the money belongs to consumers, so were duty-bound to do our job carefully and efficiently.
    • And its not unusual for the FTC to ask a court to reinstate the full amount if it looks like defendants lied about their finances.

    Signature Bank Provides Digital Asset Banking Update

    Retrieved on: 
    Tuesday, November 15, 2022
    Professional Services, Technology, Blockchain, Cryptocurrency, Finance, Banking, Office of the Supervising Architect for the U.S. Treasury, Sale, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Unitary state, Treasury, Government, Environment, Federal Reserve, Cryptocurrency, FDIC, State Street Bank & Trust Co. v. Signature Financial Group, Inc., Safety, Structure of the Federal Reserve System, FTX, Signature Bank, COVID-19, Financial services, Climate change, Risk management, Bank

    Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today a digital asset banking update, citing that its deposit relationship with FTX and their related companies is less than 0.1 percent of the Banks overall deposits as of November 14, 2022.

    Key Points: 
    • Signature Bank (NASDAQ:SBNY), a New York-based, full-service commercial bank, announced today a digital asset banking update, citing that its deposit relationship with FTX and their related companies is less than 0.1 percent of the Banks overall deposits as of November 14, 2022.
    • Additionally, the Bank does not lend on digital assets (cryptocurrencies), invest in digital assets or custody any digital assets for any of its clients.
    • Signature Banks relationships in the digital asset space can be characterized as traditional deposit banking, including cash and treasury management services to institutional entities.
    • Signature Bank is a well-diversified institution that employs appropriate risk management strategies that help us navigate the current challenging digital asset landscape.

    Woody Young Appointed President of Solidigm

    Retrieved on: 
    Monday, November 14, 2022
    Technology, Hardware, Semiconductor, Data Management, Office of the Supervising Architect for the U.S. Treasury, Lazard, White House Fellows, Partner, Council, Woody, Agility, First Boston, NAND, Mergers and acquisitions, Multimedia, Brown University, Yale School of Management, Yale school, University of Cambridge, Culture, Perella Weinberg Partners, Lehman Brothers, SK, White House, Bain & Company, Management

    Global memory storage company Solidigm has named Woody Young, a current member of its Board of Directors, company President.

    Key Points: 
    • Global memory storage company Solidigm has named Woody Young, a current member of its Board of Directors, company President.
    • View the full release here: https://www.businesswire.com/news/home/20221114005222/en/
      Before joining Solidigm, Mr. Young had a 30+ year career in investment banking.
    • "Woody brings strong leadership and business acumen to his role as President of Solidigm," said Noh-Jung Kwak, Solidigm Acting CEO, and President and Co-CEO of SK hynix."
    • For more information about Solidigm, please visit solidigm.com and follow us on Twitter at @Solidigm and LinkedIn .