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Office of the Comptroller of the Currency

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  • Troubled loans lead to failure of local savings bank

    Troubled loans lead to failure of local savings bank
    Losses on loans made to investors rehabilitating city homes helped drive to failure a small savings bank founded by immigrants in East Baltimore more than 100 years ago, said the CEO of the bank that acquired much of its portfolio.
  • Bay Bank assumes deposits, most loans of failed Bel Air thrift

    Bay Bank assumes deposits, most loans of failed Bel Air thrift
    Bay Bank has agreed to assume the deposits and most of the assets of Slavie Federal Savings Bank after federal regulators closed the institution with offices in Bel Air and Baltimore. The federal Office of the Comptroller of the Currency closed Bel Air-...

    Adding secrecy to scandal in mortgage crisis

    Adding secrecy to scandal in mortgage crisis
    We already know that federal regulators have undermined accountability for abuses by mortgage servicing companies. In another disturbing development, the Federal Reserve and the Office of the Comptroller of the Currency (OCC) are refusing to turn over...

    Fairmount Bancorp switches to state charter

    Fairmount Bancorp switches to state charter
    Baltimore County's Fairmount Bancorp Inc. said Monday its bank, Fairmount Bank, is now a state-chartered commercial bank, after converting from a federally chartered savings bank last week. "We believe the Maryland commercial bank charter will be a...

    Wells Fargo agrees to pay $175M settlement in pricing discrimination suit

    Wells Fargo agrees to pay $175M settlement in pricing discrimination suit
    About 1,000 Baltimore-area residents are expected to receive thousands of dollars each under a landmark $175 million settlement between the U.S. Department of Justice and Wells Fargo over accusations of discriminatory lending practices. Under the terms...