SAN FRANCISCO (MarketWatch) — Premier Community Bank of the Emerald Coast in Crestview, Fla., was closed by regulators Friday in the 91st bank failure of 2011, the Federal Deposit Insurance Corp. said. Summit Bank of Panama City, Fla., has agreed to purchase its assets will assume all deposits. Premier Community Bank had $126 million in [...]
Posts Tagged ‘federal deposit insurance’
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Number of distressed U.S. banks declines
November 24th, 2011 
admin The Federal Deposit Insurance Corp. released its third quarter report on Tuesday that showed some fruitful signs of life for the troubled banking industry. View full post on Banking Stories
Judge rejects Wamu reorganization plan
September 13th, 2011 admin share: digg facebook twitter The reorganization plan is based on settling lawsuits that pitted Washington Mutual, the Federal Deposit Insurance Corp. and JPMorgan Chase against one another after the FDIC seized WaMu’s Seattle-based flagship bank in 2008 and sold its assets to JPMorgan for $1.9 billion in the largest bank failure in U.S. history. View [...]
FDIC mulls tighter Wall Street bonus rules
February 5th, 2011 admin The Wall Street Journal is reporting that the Federal Deposit Insurance Corp. could approve measures tying executive pay incentives at top financial firms to long-term performance.The newspaper … View full post on Business Stories