When the Office of the Comptroller of the Currency placed the $1.9 billion asset-sized ANB Financial, National Association in receivership with the Federal Deposit Insurance Corporation (FDIC) on May 9, 2008, it was one of the largest bank insolvencies in recent years. In a matter of days, plaintiffs’ attorneys were actively seeking future clients. Attorneys ran newspaper advertisements soliciting former employees, depositors and shareholders of the failed Bentonville, Arkansas bank and its holding company.
Filed under:
USA, Banking, Insolvency & Restructuring, Litigation, Vedder Price PC, Shareholder, Breach of contract, Class action, Fiduciary, Negligence, Liquidation, Holding company, Involuntary dismissal, Derivative suit, Office of the Comptroller of the Currency (USA), Federal Deposit Insurance Corporation (USA)
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