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The Colonial BancGroup, Inc.: FDIC denied right to setoff against demand deposit accounts

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • February 3 2011

On January 24, 2011, the Honorable Dwight H. Williams, Jr. of the U.S. Bankruptcy Court for the Middle District of Alabama denied the Federal Deposit Insurance Corporation’s (“FDIC”) request for relief from the automatic stay in the Colonial BancGroup, Inc. case

Americanwest Bancorporation: how a Section 363 sale in bankruptcy provides a viable recapitalization option for troubled banks

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • February 1 2011

In the current economic environment, many banks have lost significant capital and are under immense pressure, regulatory and otherwise, to recapitalize