On Friday, Washington Mutual Inc. (WMI), the holding company that owned Washington Mutual Bank (WMB), filed a disclosure statement and amended reorganization plan with the U.S.
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USA, Delaware, Banking, Insolvency & Restructuring, Litigation, Alston & Bird LLP, Share (finance), Debtor, Security (finance), Option (finance), Mortgage loan, Liability (financial accounting), Reinsurance, Liquidation, Holding company, Subsidiary, Preferred stock, Federal Deposit Insurance Corporation (USA), JPMorgan Chase, United States bankruptcy court, US District Court for District of Delaware
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On Friday, the Georgia Department of Banking and Finance closed Bank of Ellijay, headquartered in Ellijay, Georgia, First Commerce Community Bank, headquartered in Douglasville, Georgia, and The Peoples Bank, headquartered in Winder, Georgia, and appointed the FDIC as receiver for each bank. The failed banks were not affiliated with one another.
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