With tens of millions of dollars at stake, the Federal Deposit Insurance Corp. is doing legal battle with creditors and the bankruptcy trustee for the failed Silver State Bank of Henderson.
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Posts Tagged ‘federal deposit insurance’
FDIC seeking failed Henderson bank’s $8 million tax refund
December 24th, 2010 
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Posted in Car News 
Tags: bankruptcy trustee, banks, Creditors, deposit, Failed, fdic, Federal, federal deposit insurance, federal deposit insurance corp, Henderson, Million, refund, seeking, silver state, stake, state bank 
No Comments »RoundPoint Financial Group Acquires $603 Million in Residential Mortgage Loans from FDIC
December 23rd, 2010 admin CHARLOTTE, N.C., Dec. 23, 2010 /PRNewswire/ — RoundPoint Financial Group officially announced today that that it has purchased a 40 percent stake of a $603 million mortgage loan portfolio from the Federal Deposit Insurance Corporation (“FDIC”) in conjunction with RBS Financial Products Inc.
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Posted in Car News Tags: $603, Acquires, c dec, Charlotte, Dec, deposit insurance corporation, fdic, federal deposit insurance, federal deposit insurance corporation, federal deposit insurance corporation fdic, Financial, from, Group, loan portfolio, Loans, Million, mortgage, N.C., PRNewswire, Residential, RoundPoint No Comments »Northern Nevada casino firms sue FDIC, bankers
December 21st, 2010 admin A company that lost six casino properties in Northern Nevada to foreclosure sued bank officials and the Federal Deposit Insurance Corp. on Monday, charging the bankers rigged the sale of a casino loan to favor the buyer.
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First Republic Bank Files Registration Statement for Proposed Initial Public Offering
November 24th, 2010 admin SAN FRANCISCO–(BUSINESS WIRE)–First Republic Bank (“First Republic”), which specializes in private banking, private business banking, investment management, brokerage, trust services and real estate lending services, today announced that it filed a registration statement on Form 10 with the Federal Deposit Insurance Corporation for the proposed listing of First Republic common stock in connection with a proposed initial public offering. The shares will be offered by First Republic and certain
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Posted in Car News Tags: bank, banking, business, deposit insurance corporation, federal deposit insurance, federal deposit insurance corporation, Files, First, first republic bank, Initial, Offering, Proposed, Public, Registration, Republic, SAN FRANCISCO, san francisco business, Statement, trust services No Comments »Lawsuits Seek $2 Bil from Execs of Failed Banks
November 24th, 2010 admin Professional liability lawsuits against 80 former directors and officers of failed banks have been approved by the Federal Deposit Insurance Corp.’s board of directors, a spokesman reported to Mortgage Daily . Around $2 billion in recoveries are sought. Two directors-and-officers lawsuits have been filed so far.
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Get a house for $50 or $1.7M at FDIC auction
November 13th, 2010 admin Hundreds of house hunters and property seekers crowded the Federal Deposit Insurance Corp. auction in Dearborn, Mich., last weekend, finding …
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Posted in Car News Tags: $1.7M, auction, dearborn, fdic, Federal, federal deposit insurance, federal deposit insurance corp, House, Insurance, Mich., property, property seekers No Comments »Two Georgia bank failures up year’s tally to 145
November 12th, 2010 admin SAN FRANCISCO (MarketWatch) — The closure of Tifton Banking Co. of Tifton, Ga., and Darby Bank & Trust Co. of Vidalia, Ga., brought the number of bank failures this year to 145, according to the Federal Deposit Insurance Corp. on Friday. Ameris Bank will assume the deposits and certain assets of both failed banks. Tifton had deposits of $141.6 million and Darby had deposits of $654.7 million. The combined cost of the failures to the FDIC’s Deposit Insurance Fund is $160.8 million. The two closures also raise the number of Georgia bank failures to 18 for the year.
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Posted in Car News Tags: ameris bank, bank, bank failures, deposit insurance fund, failures, federal deposit insurance, Ga., Georgia, georgia bank, MarketWatch, SAN FRANCISCO, tally, Tifton, vidalia ga, Years No Comments »Four Washington banks told to bolster capital
October 29th, 2010 admin Four banks in Washington state signed agreements last month with federal and state regulators to raise new capital and strengthen their management, according to information released Friday on the Federal Deposit Insurance Corp. website.
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Posted in Car News Tags: banks, bolster, Capital, federal deposit insurance, federal deposit insurance corp, Four, Insurance, month, state, state regulators, told, Washington, washington state No Comments »Fed banking foreclosure review due next month
October 25th, 2010 admin WASHINGTON (MarketWatch) — Preliminary results from a federal banking agency review of the largest mortgage servicing operations’ foreclosure practices are due next month, Federal Reserve Chairman Ben Bernanke said at the opening of a Fed and Federal Deposit Insurance Corp. conference on mortgage foreclosures and the future of housing. Federal Reserve staff members and their counterparts at other federal agencies are evaluating the potential effects of these problems on the real estate market and financial institutions, Bernanke said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Posted in Car News Tags: banking, Chairman Ben Bernanke, Federal, federal deposit insurance, federal deposit insurance corp, federal reserve chairman, federal reserve chairman ben bernanke, foreclosure, MarketWatch, month, mortgage, mortgage foreclosures, Next, reserve staff, review, Washington No Comments »Six Banks Fail
October 22nd, 2010 admin Six banks just failed. Two were closed by the Florida Office of Financial Regulation, two more were closed by the Office of the Comptroller of the Currency and two were in Georgia. One of the bank failures, in Kansas, is expected to cost the Federal Deposit Insurance Corp. $330 million. Look for story this weekend.
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