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FDIC Creates New Method To Take Over Failed Banks

I just finished a post about the new way the FDIC created to handled failed banks and lending institutions. As of today with the failure of Silverton Bank, the FDIC opted to take receivership via a newly created "bridge bank".

Read all about here...

Silverton Bank Fails - FDIC Uses Bridge Bank As Vehicle

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Posted by Rob K. Blake, "The Mortgage Insider" on 05/01/2009 11:04 PM

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Banks in the Mortgage / Finance Channel

bank failures, banking

Post is included in group: Realtors®
Post is included in group: Mortgages

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