Nicholas J. Ketcha, Jr. of FinPro to Speak at KC’s Event on Deposit Insurance and Risk Based Assessments on 06/16/2009
Jersey City, NJ, March 27, 2009 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcast recently announced that Nicholas J. Ketcha, Jr., Managing Director, FinPro, Inc., will speak at the Knowledge Congress’ upcoming webcast entitled: “Deposit Insurance and Risk Based Assessments”. This two-hour event is scheduled on June 16, 2009, Tuesday, 12:00 PM to 2:00 PM ET. For further details of the event and panelists, please visit http://www.knowledgecongress.org/event_2009_deposit.html
Event Synopsis:
Given increased pressure on the banking system, the FDIC raised its deposit insurance premiums on January 1 in order to replenish its own reserves. An additional rate hike is schedule to take effect in 2Q 2009. For many federally insured institutions, these effectively mandatory premiums are tripling or even quadrupling. While some are passing the expense to depositors, others have voiced concerns that it will be impossible to recoup all their costs in this way.
In this Live Webcast, some of the banking industry’s great minds share their sense of the best practices out there for managing FDIC premiums in a competitive environment. Topics addressed include the “large bank method” and other new provisions in the risk based assessment system as well as the prospect that additional bank failures may push premiums even higher.
About Nicholas J. Ketcha, Jr.
Nicholas has primary responsibility for all regulatory and compliance related engagements for the firm. He is also the principal architect of the Quarterly Bank Fiduciary Package. Nicholas has also served on the faculty of the National School of Banking at Fairfield University.
Prior to joining FinPro, Nicholas served as Director of the Division of Banking for the State of New Jersey. He joined the State after his retirement from the Federal Deposit Insurance Corporation in 1999. At the time of his retirement from the FDIC, he was Director of its Division of Supervision in Washington, D.C. He began his career with FDIC in 1965 and rose through the ranks with positions including Regional Director of the FDIC’s New York region. He was named Director of the Division of Supervision in June 1995.
During his term as NJ Banking Director, Nicholas served as Chairman of the State Liaison Committee to the Federal Financial Institutions Examination Council and as Chairman of the Regulatory Committee of the Conference of State Bank Supervisors. While at the FDIC, he also served as a member of the Basel Committee on Bank Supervision from June 1995 to December 1998 and served two terms as Chairman of the Federal Financial Institutions Examination Council’s Task Force on Supervision.
Nicholas earned a B.S. in Business Management from the University of Scranton and is a graduate and former faculty member of the Stonier Graduate School of Banking.
About FinPro, Inc.
FinPro, Inc. was established in 1987 as a full service management consulting firm specializing in providing advisory services to the financial institutions industry.
FinPro is a proven leader in strategic planning, market feasibility, de novo bank formation, corporate finance, M&A, asset/liability management, and regulatory consulting.
For more information on Nicholas J. Ketcha, Jr., and FinPro, Inc., please visit: http://www.finpronj.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
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Event Synopsis:
Given increased pressure on the banking system, the FDIC raised its deposit insurance premiums on January 1 in order to replenish its own reserves. An additional rate hike is schedule to take effect in 2Q 2009. For many federally insured institutions, these effectively mandatory premiums are tripling or even quadrupling. While some are passing the expense to depositors, others have voiced concerns that it will be impossible to recoup all their costs in this way.
In this Live Webcast, some of the banking industry’s great minds share their sense of the best practices out there for managing FDIC premiums in a competitive environment. Topics addressed include the “large bank method” and other new provisions in the risk based assessment system as well as the prospect that additional bank failures may push premiums even higher.
About Nicholas J. Ketcha, Jr.
Nicholas has primary responsibility for all regulatory and compliance related engagements for the firm. He is also the principal architect of the Quarterly Bank Fiduciary Package. Nicholas has also served on the faculty of the National School of Banking at Fairfield University.
Prior to joining FinPro, Nicholas served as Director of the Division of Banking for the State of New Jersey. He joined the State after his retirement from the Federal Deposit Insurance Corporation in 1999. At the time of his retirement from the FDIC, he was Director of its Division of Supervision in Washington, D.C. He began his career with FDIC in 1965 and rose through the ranks with positions including Regional Director of the FDIC’s New York region. He was named Director of the Division of Supervision in June 1995.
During his term as NJ Banking Director, Nicholas served as Chairman of the State Liaison Committee to the Federal Financial Institutions Examination Council and as Chairman of the Regulatory Committee of the Conference of State Bank Supervisors. While at the FDIC, he also served as a member of the Basel Committee on Bank Supervision from June 1995 to December 1998 and served two terms as Chairman of the Federal Financial Institutions Examination Council’s Task Force on Supervision.
Nicholas earned a B.S. in Business Management from the University of Scranton and is a graduate and former faculty member of the Stonier Graduate School of Banking.
About FinPro, Inc.
FinPro, Inc. was established in 1987 as a full service management consulting firm specializing in providing advisory services to the financial institutions industry.
FinPro is a proven leader in strategic planning, market feasibility, de novo bank formation, corporate finance, M&A, asset/liability management, and regulatory consulting.
For more information on Nicholas J. Ketcha, Jr., and FinPro, Inc., please visit: http://www.finpronj.com
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour webcast that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.”
Contact information:
The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
http://www.knowledgecongress.org
info@knowledgecongress.org
###
Contact
The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.knowledgecongress.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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