Posts Tagged ‘federal deposit insurance’

Premier Community Bank is year’s 91st failure

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 […]

Number of distressed U.S. banks declines

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

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

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