11/30/2021 | Press release | Distributed by Public on 11/30/2021 18:28
Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q3 2021 Quarterly Banking Profile:
"The FDIC's third quarter profile reaffirms the strength and resiliency of America's leading banks who are helping drive our economic recovery forward. Positive deposit growth and improved credit quality will ensure banks are poised to deliver on their commitment to lend responsibly. It's also encouraging to see the number of 'problem banks' fall to the lowest level ever recorded. As the economy contends with the ongoing impact of the COVID-19 pandemic, banks will continue to support hardworking families and small businesses across every community they serve."
To read the FDIC's Q3 2021 Quarterly Banking Profile, click HERE.
To read CBA's statement on the FDIC's Q2 2021 Quarterly Banking Profile released in September, click HERE.