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TOUSA redux: the Eleventh Circuit Court of Appeals affirms bankruptcy court’s avoidance of constructively fraudulent transfers and reverses the district court

Alston & Bird LLP
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USA
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May 18 2012

The outcome of the TOUSA appeal has been much anticipated and closely watched by the lending community, their counsel and advisors, and legal scholars

Recent decisions on non-recourse carve-outs in CMBS loans

Alston & Bird LLP
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USA
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March 19 2012

Recent court decisions in the state of MichiganWells Fargo Bank, NA v. Cherryland Mall, ____ N.W.2d _____, 2011 WL 6785393 (Mich.App. 2011) (Cherryland) in the Michigan intermediate appellate court and 51382 Gratiot Avenue Holdings Inc. v. Chesterfield Development Company, 2011 U.S. Dist. LEXIS 142404 (E.D. Mi. Dec. 12, 2011) (Chesterfield) in a federal district courthave presented lenders, master and special servicers with new considerations in enforcing their rights and remedies, but confronted borrowers and guarantors in real estate finance markets with vastly different legal liability and unexpected economic consequences than had previously been understood or thought to have been documented in CMBS mortgage transactions

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

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

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

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

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

Simmons First National Bank assumes all of the deposits of Security Savings Bank, F.S.B.

Alston & Bird LLP
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USA
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October 17 2010

On Friday, the Office of Thrift Supervision closed Security Savings Bank, F.D.B., headquartered in Olathe, Kansas, and appointed the FDIC as receiver

Midland States Bank assumes all of the deposits of WestBridge Bank and trust company

Alston & Bird LLP
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USA
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October 17 2010

On Friday, the Missouri Division of Finance closed WestBridge Bank, headquartered in Chesterfield, Missouri, and appointed the FDIC as receiver

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