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In 1968 the bank merged with Valley Bank of Reno and changed its name to the Valley Bank of Nevada. Thomas and Mack also invested in real estate in the Las Vegas area, with Thomas acting as a buyer for Howard Hughes. Later, they also lent money to Steve Wynn. The bank was eventually acquired by Bank of America for about $380.5 million in 1992.
In 2010, the highest rates of foreclosure filings were in Las Vegas, Nevada; Fort Myers, Florida; Modesto, California; Scottsdale, Arizona; Miami, Florida; and Ontario, California. The geographic diversity of these cities is made up for by the fact they these are all relatively metropolitan areas.
Banks. The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
The right of redemption is a legal process that gives homeowners who have fallen behind on their mortgage payments the opportunity to keep their home by paying the money they owe, plus interest ...
The report shows that foreclosure activity increased from 2009 in 149 of the nation's 206 metropolitan areas with a 2010 Foreclosures by City: Las Vegas Still No. 1 Skip to main content
If America's subprime mortgage crisis was an earthquake, Las Vegas would be the epicenter. From 2008 to 2011, homes in the city lost approximately half their value. Meanwhile, its unemployment ...
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