Banking and Finance Law Daily Wrap Up, OVERSIGHT AND INVESTIGATION—OIG says in-depth failed bank review not warranted for Tioga-Franklin, (Nov 2, 2026)
Organizations Mentioned:Tioga-Franklin Savings Bank
By Suzanne Cosgrove
The OIG found Tioga-Franklin’s unprofitability was primarily caused by high overhead expenses following the hiring of employees for an expanded mortgage banking division.
The Office of Inspector General (OIG) for the Federal Deposit Insurance C ...