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    NAFH National Bank acquires all the deposits of two institutions in Florida and one institution in South Carolina in second use of OCC “shelf charter”
    2010-07-19

    On Friday, the Florida Office of Financial regulation closed Metro Bank of Dade County, headquartered in Miami, Florida, and Turnberry Bank, headquartered in Aventura, Florida, and the OCC closed

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), Financial regulation, Subsidiary, Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Tri Counties Bank assumes all of the deposits of Granite Community Bank, NA
    2010-05-30

    On Friday, the Office of the Comptroller of the Currency closed Granite Community Bank, N.A., and appointed the FDIC as receiver.

    Filed under:
    USA, California, Banking, Insolvency & Restructuring, Alston & Bird LLP, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation (USA)
    Authors:
    Stephen Racioppi
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Scotiabank de Puerto Rico assumes all of the deposits of R-G Premier Bank of Puerto Rico
    2010-05-01

    Yesterday, the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico closed R-G Premier Bank of Puerto Rico, headquartered in Hato Rey, Puerto Rico, and the FDIC was appointed receiver.

    Filed under:
    Puerto Rico, USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Federal Deposit Insurance Corporation (USA)
    Authors:
    Melinda C. Calisti
    Location:
    Puerto Rico, USA
    Firm:
    Alston & Bird LLP
    Centennial Bank assumes all of the deposits of Key West Bank
    2010-03-27

    On Friday, OTS closed Key West Bank, headquartered in Key West, Florida, and the FDIC was named receiver.

    Filed under:
    USA, Florida, Banking, Insolvency & Restructuring, Alston & Bird LLP, Commercial bank, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Heartland Bank and Trust Company assumes deposits of Bank of Illinois
    2010-03-06

    On Friday, the Illinois Department of Financial Professional Regulation – Division of Banking closed Bank of Illinois, headquartered in Normal, Illinois, and the FDIC was named receiver.

    Filed under:
    USA, Illinois, Banking, Insolvency & Restructuring, Alston & Bird LLP, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Columbia State Bank assumes all of the deposits of American Marine Bank
    2010-01-30

    On Friday, the Washington Department of Financial Institutions closed American Marine Bank, headquartered in Bainbridge Island, Washington, and the FDIC was named receiver.

    Filed under:
    USA, Washington, Banking, Insolvency & Restructuring, Alston & Bird LLP, Share (finance), US Federal Government, Federal Deposit Insurance Corporation (USA)
    Authors:
    Lawanna Kimbro
    Location:
    USA
    Firm:
    Alston & Bird LLP
    OneWest Bank, FSB assumes deposits of First Federal Bank of California
    2009-12-21

    On Friday, the OTS closed First Federal Bank of California, headquartered in Santa Monica, California, and the FDIC was named as receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Federal Deposit Insurance Corporation (USA), Federal Security Service
    Location:
    USA
    Firm:
    Alston & Bird LLP
    Alerus Financial assumes the deposits of Prosperan Bank
    2009-11-07

    Yesterday, the Minnesota Department of Commerce closed Prosperan Bank, headquartered in Oakdale, Minnesota, and the FDIC was named as receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, US Department of Commerce, Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Alston & Bird LLP
    The Huntington National Bank assumes deposits of Warren Bank
    2009-10-02

    Today, the Michigan Office of Financial and Insurance Regulation closed Warren Bank, headquartered in Warren, Michigan, and the FDIC was named as receiver.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Federal Deposit Insurance Corporation (USA)
    Location:
    USA
    Firm:
    Alston & Bird LLP
    BB&T assumes deposits of colonial bank
    2009-08-14

    Today, in the sixth largest bank failure in U.S.

    Filed under:
    USA, Banking, Insolvency & Restructuring, Alston & Bird LLP, Federal Deposit Insurance Corporation (USA), US Congress
    Location:
    USA
    Firm:
    Alston & Bird LLP

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