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Bay Cities Bank assumes all of the deposits of Progress Bank of Florida

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Florida Office of Financial Regulation closed Progress Bank of Florida, headquartered in Tampa, Florida, and appointed the FDIC as receiver

Ameris Bank assumes all of the deposits of First Bank of Jacksonville

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Florida Office of Financial Regulation closed First Bank of Jacksonville, headquartered in Jacksonville, Florida, and appointed the FDIC as receiver

Morris Bank assumes all of the deposits of The Gordon Bank

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Georgia Department of Banking and Finance closed The Gordon Bank, headquartered in Gordon, Georgia, and appointed the FDIC as receiver

FDIC approves the payout of the insured deposits of First Arizona Savings, A FSB

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Office of Thrift Supervision closed First Arizona Savings, A FSB, headquartered in Scottsdale, Arizona, and appointed the FDIC as receiver

Seaway Bank and Trust Company assumes all of the deposits of First Suburban National Bank

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Office of the Comptroller of the Currency closed First Suburban National Bank, headquartered in Maywood, Illinois, and appointed the FDIC as receiver

United Bank assumes all of the deposits of The First National Bank of Barnesville

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Office of the Comptroller of the Currency closed The First National Bank of Barnesville, headquartered in Barnesville, Georgia, and appointed the FDIC as receiver

Hillcrest Bank, National Association assumes all of the deposits of Hillcrest Bank

Alston & Bird LLP
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USA
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October 25 2010

On Friday, the Kansas Office of the State Bank Commissioner closed Hillcrest Bank, headquartered in Overland Park, Kansas, and appointed the FDIC as receiver

UK Treasury publishes draft bank levy legislation

Alston & Bird LLP
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USA
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October 22 2010

Yesterday, the UK Treasury announced the publication of draft legislation which would introduce a permanent levy based on banks' balance sheets

SEC Inspector General reports on timing of SEC's Goldman suit

Alston & Bird LLP
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USA
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October 14 2010

On Wednesday, the SEC's Office of Inspector General (OIG) released a report clearing the SEC of accusations that its decision to bring a fraud case against Goldman Sachs, as well as the timing of its decision to do so, were influenced by a political agenda

SIGTARP issues report on process for selecting legacy securities PPIP managers

Alston & Bird LLP
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USA
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October 8 2010

Yesterday, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) released a report entitled "Selecting Fund Managers for the Legacy Securities Public-Private Investment Program" (PPIP

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