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Results: 1-10 of 117

FDIC board extends securitization safe harbor, allows banks to phase-in regulatory capital rules and approves 2010 operating budget

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 16 2009

Yesterday, the FDIC Board of Directors (Board) approved an advanced notice of proposed rulemaking (ANPR) for safe harbor protection of failed banks assets being transferred for securitization

Enterprise Bank & Trust assumes deposits of Valley Capital Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 12 2009

Yesterday, the OCC closed Valley Capital Bank, N.A. headquartered in Mesa, Arizona, and the FDIC was named as receiver

OCC closes Republic Federal Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 12 2009

Yesterday, the OCC closed Republic Federal Bank, N.A., headquartered in Miami, Florida, and the FDIC was named as receiver

Obama Administration releases fifth monthly Servicer Performance Report for Making Home Affordable

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 11 2009

Earlier today, the Obama Administration released its most recent Servicer Performance Report, detailing the progress made under the Making Home Affordable loan modification program ("MHA Program") through November 2009

Sonabank assumes deposits of Greater Atlantic Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 7 2009

The OTS closed Greater Atlantic Bank, headquartered in Reston, Virginia, and the FDIC was named as receiver

MB Financial Bank assumes deposits of Benchmark Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 7 2009

On Friday, the Illinois Department of Financial and Professional Regulation - Division of Banking closed Benchmark Bank, headquartered in Aurora, Illinois, and the FDIC was named as receiver

New York Community Bank assumes the deposits of AmTrust Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 7 2009

On Friday, AmTrust Bank, headquartered in Cleveland, Ohio, was closed by the OTS and the FDIC was named as receiver

Three Georgia banks fail: Buckhead Community Bank, First Security National Bank, and Tattnall Bank

  • Alston & Bird LLP
  • -
  • USA
  • -
  • December 7 2009

On Friday, the Georgia Department of Banking and Finance closed the Buckhead Community Bank, headquartered in Atlanta, Georgia, and First Security National Bank, headquartered in Norcross, Georgia, and the OCC closed Tattnall Bank, headquartered in Reidsville, Georgia

FDIC releases Quarterly Banking Profile

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 25 2009

Yesterday, the FDIC issued its Quarterly Banking Profile for the 3rd Quarter

Central Bank assumes all deposits of Commerce Bank of Southwest Florida

  • Alston & Bird LLP
  • -
  • USA
  • -
  • November 20 2009

Today, the Florida Office of Financial Regulation closed Commerce Bank of Southwest Florida, headquartered in Fort Meyers, Florida, and the FDIC was appointed as receiver

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