National Association of Industrial Bankers

01/23/2026

The Federal Deposit Insurance Corporation action represents important progress in its review of new bank applications. The advancement of these highly qualified institutions reflects the agency’s commitment to a rigorous, even-handed framework that evaluates each proposal on its merits, consistent with safety, soundness, and consumer protection.

“The FDIC’s action will enable these bedrock companies to bring increased access to regulated banking services to millions of American consumers, supporting communities across the country, and strengthening the U.S. economy,” said Frank Pignanelli, Executive Director of NAIB. “GM Financial Bank and Ford Credit Bank will strengthen the critical U.S. manufacturing and automotive sectors through their services to customers.”

01/14/2026

With increased focus in Washington on developments in finance and banking, we are pleased to share an op-ed recently published in American Banker's BankThink.

Industrial banks are one of America's most reliable engines of jobs, consumer and small-business loans, payments, and community support. Like any other bank, industrial banks are fully regulated, with the same rigorous standards for capital, liquidity and governance – and with the strongest safety record in American banking.

Looking ahead to 2026, the National Association of Industrial Bankers believes the Federal Deposit Insurance Corporation (FDIC) should rigorously review applications for new industrial banks and approve only those that meet all the requirements.

Industrial loan companies play a vital role in local economies across the country, providing liquidity in areas that other banks overlook. Restricting the availability of ILC charters would be bad for business, writes Frank Pignanelli, of the National Association of Industrial Bankers, in American Banker’s BankThink. Read more here: https://bit.ly/3NxSqhq.