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16 Apr 2013, 1:52 am
Since its last update last month, the FDIC did initiate one lawsuit in its capacity as receiver for New Century Bank of Chicago, Illinois, which failed April 23, 2010. [read post]
20 Jan 2010, 4:09 am
When the purchaser wants to sue to enforce the note, does the statute of limitations for the subsequent note-purchaser begin running on: (a) the the ordinary starting date under state law or (b) the date the FDIC is appointed as receiver for the failed bank? [read post]
20 Jan 2010, 3:09 am
When the purchaser wants to sue to enforce the note, does the statute of limitations for the subsequent note-purchaser begin running on: (a) the the ordinary starting date under state law or (b) the date the FDIC is appointed as receiver for the failed bank? [read post]
3 Aug 2010, 4:29 am
After the bank failed and the FDIC was appointed as receiver, the FDIC repudiated those loans with hundreds of thousands of dollars in as yet undisbursed funds. [read post]
23 Aug 2022, 3:03 pm
After receiving the letter, Mr. [read post]
9 Aug 2009, 7:36 pm
As a side note, I can't wait to see how many e-mails she receives from readers who take her absolutely, positively seriously. [read post]
5 Oct 2010, 1:38 am
The FDIC’s priority rights extend to its rights as receiver of the failed bank. [read post]
16 Jan 2009, 2:20 pm
In 2001 and 2002, it bought thousands of subprime loans originated by the FDIC as receiver of the failed Superior Bank, which was seized by the FDIC in 2001. [read post]
29 Jun 2009, 11:37 am
The FDIC acts in their receivership capacity when they "resolve" a failed bank as the bank's receiver. [read post]
25 Oct 2012, 2:14 am
Insured Exclusion precludes coverage for claims brought by the FDIC in its capacity as receiver against a failed bank’s former directors and officers. [read post]
3 Jan 2013, 12:28 am
Nine out of the 25 D&O suits the FDIC filed in 2012, or about 36%, involved Georgia banks. [read post]
9 Sep 2011, 11:54 am
Deutsche Bank says it did not, and that the FDIC inherited Washington Mutual’s exposure when it stepped in as the bank’s receiver. [read post]
28 Jul 2009, 6:14 pm
If the limitations period stopwatch already started running on the claim before Appointment Date, once the bank fails and the FDIC is appointed as receiver, the dial on the stopwatch is re-set to zero. [read post]
18 Nov 2011, 6:00 pm
Central Progressive Bank, Lacombe, Louisiana, was closed today by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
23 Nov 2009, 2:59 pm
Whether the FHDC Rule also helps the FDIC operating as receiver of a failed bank is controversial. [read post]
27 Mar 2009, 2:36 pm
As the FDIC's paying agent, SunTrust will operate the six former branches of Omni National, on behalf of the receiver, until April 27, 2009. [read post]
12 Mar 2014, 4:42 am
The agency argued that the action would “restrain or affect” the FDIC’s powers as receiver because it would impede or interfere with its power under FIRREA to “collect all obligations and money due the institution. [read post]
16 Jun 2011, 5:00 am
The FDIC is often appointed as receiver for a failed bank and is tasked with finding an acquirer of the assets and liabilities of the bank. [read post]
8 Mar 2011, 5:47 am
E-mail updates:Sign up to receive e-mail notices of each new issue of FDIC Consumer News, Consumer Alerts, and other announcements and publications from the FDIC. [read post]
15 Apr 2012, 7:16 pm
The legislation would also end the ability of the FDIC to borrow up to 10% of the book value of the failed firm’s total consolidated assets in the 30 days immediately following its appointment as receiver; after those 30 days, the FDIC is authorized to borrow up to 90% of the fair value of the failed firm’s total consolidated assets.The Congressional Budget Office (CBO) estimates the proposal will save $22 billion over 10 years. [read post]
