LibertyBank, Eugene, Ore., was closed today by the Oregon Division of Finance and Corporate Securities, which appointed the Federal Deposit Insurance Corp. as receiver.
The Cowlitz Bank, Longview, Wash., was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver.
The Federal Deposit Insurance Corp. today closed on a sale of securities as part of a securitization backed by approximately $471.3 million of performing single-family mortgages from 16 failed banks.
Bayside Savings Bank, Port Saint Joe, Fla., and Coastal Community Bank, Panama City Beach, Fla., were closed today by federal and state banking agencies, which then appointed the Federal Deposit Insurance Corp. as receiver for both institutions.
NorthWest Bank and Trust, Acworth, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver.
The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Iowa affected by severe storms, flooding and tornadoes.
The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of South Dakota affected by severe storms, flooding and tornadoes.
The National Credit Union Administration (NCUA)was appointed liquidating agent of Norbel Credit Union of Fort Collins, Colorado, by the Colorado Division of Financial Services (DFS); and Security Service
Federal Credit Union of San Antonio, Texas, immediately purchased and assumed Norbel's assets, liabilities and...
Federal agencies issued final rules today requiring residential mortgage loan originators who are employees of national and state banks, savings associations, Farm Credit System institutions, credit unions, and certain of their subsidiaries (agency-regulated institutions) to meet the registration requirements of the...
The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by severe storms, tornadoes, straight-line winds and flooding.
The Federal Deposit Insurance Corp. recognizes the serious impact of the recent severe storms, flooding and mudslides on the customers and operations of financial institutions in Kentucky and will provide regulatory assistance to institutions subject to its supervision. These initiatives will provide regulatory relief...
The National Credit Union Administration today released the 2009 financial report for the Temporary Corporate Credit Union Stabilization Fund. The TCCUSF received an unqualified or "clean" audit opinion with no deficiencies noted.
U.S. Treasury Secretary Tim Geithner has announced that John G. Walsh on Aug. 14, upon the departure Comptroller of the Currency John C. Dugan, will become Acting Comptroller of the Currency.
Home Valley Bank, Cave Junction, Ore., was closed today by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC entered into a purchase and assumption agreement with South Valley Bank & Trust, Klamath Falls, Ore., to assume all of the...
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