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US$358.779 million (March 31, 2021) Website. www .abacusbank .com. Abacus Federal Savings Bank ( Chinese: 國寶銀行) is an American bank founded in December 1984 by a group of business leaders from the Chinese American community in New York City. Abacus was the only U.S. bank prosecuted in relation to the 2008 financial crisis; it was ...
Chevy Chase Bank was the subject of two national class action lawsuits for violations of the Truth in Lending Act of 1968 involving as many as 7,000 mortgage borrowers. A federal district court ruled against the bank in January 2007, but the ruling was stayed pending appeal to the U.S. 7th Circuit Court of Appeals. The Seventh Circuit Court of ...
Abacus: Small Enough to Jail is a 2016 American documentary film directed by Steve James. The film centers on the Abacus Federal Savings Bank, a family-owned community bank situated in Manhattan's Chinatown in New York City which, because it was deemed "small enough to jail" rather than "too big to fail", became the only financial institution to actually face criminal charges following the ...
Bankrate insight. There were 4,614 banks and 4,645 credit unions that were federally insured in the third quarter of 2023. (FDIC and NCUA)While the number of credit unions declined from the ...
Washington Federal, Inc. Washington Federal, Inc., (stylized as WaFd Bank ), is an American bank based in Seattle, Washington. It operates 235 branches throughout Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, and Texas. [4] WaFd Bank is the 77th largest bank in the United States. [5]
The Federal Savings and Loan Insurance Corporation (FSLIC), a federal government agency that insured S&L accounts in the same way the Federal Deposit Insurance Corporation insures commercial bank accounts, was obligated to repay all the depositors who lost their money. Between 1986 and 1989, FSLIC closed or otherwise resolved 296 institutions ...
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