Former Officials at 2 Failed Banks Sued by FDIC

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MORTGAGE EXPERT
4 · 14 · 14
Federal regulators are seeking to recover more than $18 million from the directors and officers of two failed Georgia banks.

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Related:
Over 50 Firms Fail This Year (March 29, 2010)
The failure of four banks Friday brought to 53 the number of mortgage-related firms to close this year. In excess of $300 million in losses are expected from the latest round of bank failures.

Friday’s Bloodbath Yields 8 Casualties (March 22, 2010)
On Friday, eight federally insured financial institutions were closed. Nearly $1.3 billion in losses are projected to the Deposit Insurance Fund as a result of Friday’s failures, which included three Georgia banks. No buyer was found for a Utah bank — impacting more than 100 employees.

 

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