Insider Transaction Reports
First Trust Bank has been registered with the FDIC since our initial charter on January 19, 1999. First Trust Bank is chartered as a Federal Reserve Non-member. Therefore our primary regulator is the Federal Deposit Insurance Corporation (FDIC). The FDIC directly examines and supervises more than 4,900 banks and savings banks for operational safety and soundness, more than half of the institutions in the banking system.
The FDIC also examines banks for compliance with consumer protection laws, including the Fair CreditBilling Act, the Fair Credit Reporting Act, the Truth-In-Lending Act, and the Fair Debt Collection Practices Act, to name a few. Finally, the FDIC examines banks for compliance with the Community Reinvestment Act (CRA) which requires banks to help meet the credit needs of the communities they were chartered to serve.
