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12 Mar 2023, 9:01 pm
After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. [read post]
22 Jan 2013, 9:06 pm
The complaint, which the FDIC filed in its capacity as receiver for the failed bank, alleges claims for negligence, gross negligence and breach of fiduciary duty, can be found here. [read post]
22 Apr 2013, 1:28 am
Second, and also on April 15, 2013, the FDIC in its capacity as receiver of the failed Riverside National Bank of Ft. [read post]
14 Mar 2023, 6:01 pm
Then, on Sunday, March 12, 2022, Signature Bank (SB) was closed by its chartering regulator, the New York State Department of Financial Services, and the FDIC was appointed as receiver. [read post]
22 May 2013, 10:24 pm
First, on April 26, 2013, the FDIC filed an action in the District of Puerto Rico in its capacity as receiver for the failed Eurobank of San Juan, Puerto Rico, against nine of the bank’s former directors. [read post]
5 Dec 2008, 4:50 pm
The FDIC??? [read post]
24 Aug 2008, 6:56 pm
The owner receives the insurance coverage. [read post]
12 Jul 2013, 12:21 am
On April 20, 2012, the FDIC in its capacity as receiver for the failed bank filed a lawsuit against ten former directors and officers of bank. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
17 Dec 2019, 1:27 pm
ACNB Corporation, the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC insured community bank headquartered in Gettysburg, announced Tuesday it has received regulatory approval to acquire Frederick County Bancorp Inc. and its wholly-owned subsidiary, Frederick County Bank. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
22 Oct 2020, 10:00 pm
The five federal banking agencies (Federal Reserve, CFPB, FDIC, NCUA, and OCC – collectively Agencies) issued a proposed rule on October 20 on the role of supervisory guidance. [read post]
19 Apr 2013, 9:17 am
”“This action involves numerous claims among the FDIC as receiver of Westernbank (“FDIC-R”), former directors and officers of Westernbank (collectively, “D&Os”), various insurers, and the FDIC in its corporate capacity (“FDIC-C”). [read post]
15 Nov 2012, 12:32 am
The case involves the former County Bank of Merced, California, which failed on February 6, 2009, when the FDIC was appointed as its receiver. [read post]
12 Oct 2009, 7:21 pm
A correspondent who reads this blog let me know late last week that although he had given up on his de novo charter application because of a long period of inaction by the FDIC (the state regulator had approved his application months ago), his group recently received notice that the application had been "conditionally approved. [read post]
9 Jan 2013, 12:00 am
Although this problem can arise in many claims contexts, one particular context in which the problem can arise is in the context of claims by the FDIC as receiver of a failed bank against the bank’s former directors and officers. [read post]
28 Jul 2015, 5:02 pm
Some firms will receive individual feedback on areas for improvement. [read post]
