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The Bank of New England Corporation was a regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation (FDIC) in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation. At the time, it was the 33rd largest bank in the United States, and its ...
Silver State Bank was a failed Nevada commercial bank with 17 branches in the Las Vegas and Phoenix metropolitan areas and loan operations across the western United States. The bank's assets were acquired by Zions Bancorporation , a bank holding corporation with $2 billion in assets.
How pass-through FDIC insurance works. Pass-through FDIC insurance covers deposits a third party makes in your name at an FDIC-insured bank. Third parties are anyone who acts on your behalf, such ...
The Banking Act of 1933 (Pub. L. Tooltip Public Law (United States) 73–66, 48 Stat. 162, enacted June 16, 1933) was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. [1]
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. [2] It was formed in 1988 [3] as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, [4] and had $13 billion in assets and held $12 billion in deposits. [2]
The FDIC report covers a tumultuous period marked by an aggressive rise in interest rates and the failures of three banks in a matter of days, including Silicon Valley Bank and Signature Bank on ...
First Republic failed on July 29, 1988; later that day, the FDIC awarded the remains of First Republic to NCNB. The deal doubled NCNB's assets and vaulted it from the 17th-largest bank in the country to the 10th-largest in one stroke.
Bank failure; List of largest U.S. bank failures; Federal Deposit Insurance Corporation; Financial crisis of 2007–2008; 2008–2011 bank failures in the United States; List of banks acquired or bankrupted in the United States during the 2007–2008 financial crisis