Take, for example, the
Federal Deposit Insurance Corporation, which insures all U.S.
Stearns Bank has about USD1.3bn (EUR1.1bn) in total assets and some USD229m in tier one capital.Country: USASector: Banking/Financial ServicesTarget: Jasper Banking CompanyBuyer: Stearns Bank National AssociationVendor:
Federal Deposit Insurance Corporation (FDIC)Type: Corporate acquisitionStatus: Closed
The
Federal Deposit Insurance Corporation has said that Yuma, Arizona-based Foothills has acquired all the deposits and almost all of the assets of Summit, which operated one branch in Prescott, Arizona.
In reporting on the results of the 2003 and 2002 audits, GAO issued unqualified, or "clean," opinions on the three funds administered by the
Federal Deposit Insurance Corporation (FDIC)--the Bank Insurance Fund (BIF), the Savings Association Insurance Fund (SAIF), and the FSLIC Resolution Fund (FRF).
Marsh, CPA, CFA, an examination specialist with the
Federal Deposit Insurance Corporation's (FDIC) division of supervision, agrees that workpapers can be voluminous and regulators don't want to spend their time looking through irrelevant material.
Stearns Bank now holds total assets of about USD1.3bn (EUR980m), the statement added.Country: USASector: Banking/Financial ServicesTarget: Covenant Bank & TrustBuyer: Stearns Bank National AssociationVendor:
Federal Deposit Insurance CorporationSubsequently,
Federal Deposit Insurance Corporation has entered into a purchase and assumption agreement with Herring Bank, Amarillo, Texas, to assume all of the deposits of First State Bank of Altus.The branches of First State Bank of Altus have reopened as branches of Herring Bank.
FDIC is an Acronym for The
Federal Deposit Insurance Corporation, whose mission is to maintain the stability of and public confidence in the nation's financial system.
The Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency will update the list of distressed and underserved nonmetropolitan middle-income geographies annually, and will post updates on the FFIEC web site by April 1 of each year.
10, 1999, Joint Interagency Letter to Financial Institutions signed by the SEC, the
Federal Deposit Insurance Corporation, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.
Representatives of the
Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS) and Robert Morris Associates (RMA), a banking industry association, all were distressed that the FASB paper, and the SEC's concerns with excessive reserves, sent the wrong signal to banks.