The extent of “irregular loans” contributing to “an extraordinarily high estimated loss rate” at a failed Texas bank last year has led the inspector general of the federal insurer of bank deposits to issue a […]
A Texas man was charged late last week with defrauding a bank and making false statements to a financial institution after allegedly lying about his movie company’s payroll expenses and obtaining $1.2 million in Paycheck […]
An “in-depth review of loss” will not be conducted over the failure of a Nebraska bank early this year that cost the federal bank savings insurance program about $14 million in losses, the agency said […]
Arson and conspiracy to commit bank fraud was admitted by the former president of a failed Texas bank in pleas entered into federal court late last week. Anita Gail Moody, 57, of Cooper, Texas, pleaded […]
The second bank failure of the year was reported Friday by the federal insurer of bank deposits, as it announced a purchase and assumption for a West Virginia institution with another from the Mountain State. […]
A fourth bank was closed in 2019 Friday, the federal insurer of bank deposits said in the early evening, when the City National Bank of New Jersey, with more than $120 million in assets, shuttered […]
A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]
Insider abuse and fraud by former officers was the cause of the first failure in nearly 18 months at a small Texas bank earlier this year, according to a report from the federal bank deposit […]
The bank failure announced Friday by the federal insurer of bank deposits – the first of the year – was for a relatively small institution: It held less than $37 million in assets. But the […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
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