Bankruptcy court approves $4.1 billion DIP facility for Chrysler

Yesterday, in a bankruptcy court hearing held for Chrysler LLC (and 24 of its wholly owned subsidiaries), which filed for Chapter 11 bankruptcy protection last Thursday, U.S.

Filed under:
USA, Insolvency & Restructuring, Litigation, Alston & Bird LLP, Bankruptcy, Debtor, Collateral (finance), Budget, Investment funds, Subsidiary, Troubled Asset Relief Program, Secured loan, HM Treasury (UK), Chrysler, United States bankruptcy court
Authors:
Anjali Desai
Location:
USA
Firm:
Alston & Bird LLP
Commercial bank assumes all of the deposits of mainstreet savings bank, fsb

On Friday, the Office of Thrift Supervision closed Mainstreet Savings Bank, FSB, headquartered in Hastings Michigan, and appointed the FDIC [http://www.fdic.gov/bank/individual/failed/mainstsvgs.html] as receiver for the bank.

Filed under:
USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Commercial bank, Federal Deposit Insurance Corporation (USA), Office of Thrift Supervision
Authors:
Anjali Desai
Location:
USA
Firm:
Alston & Bird LLP
Centerstate Bank of Florida, National Association assumes all of the deposits of Olde Cypress Community Bank

On Friday, the Office of Thrift Supervision closed Olde Cypress Community Bank, headquartered in Clewiston, Florida, and appointed the FDIC as receiver for the bank.

Filed under:
USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Subsidiary, Federal Deposit Insurance Corporation (USA), Office of Thrift Supervision
Authors:
Anjali Desai
Location:
USA
Firm:
Alston & Bird LLP