Posts Tagged ‘FDIC’

California Bank & Trust to Close Madera Branch

In an effort to cut costs, California Bank & Trust will close its Madera branch near the end of April. This news, while not great, is better than hearing that the FDIC closed it.


Troubled California Bank Sued By FDIC for Doling Out Risky Loans

Redlands, California-based First Centennial Bank is under scrutiny as some of the bank’s former officers and directors are being sued by the FDIC for negligence.


Savings Account FDIC Insurance Coverage Permanently Set at $250,000

Today the FDIC announced that the deposit insurance maximum amount is now permanently increased to $250,000. This deposit insurance change will also apply to credit unions. The FDIC, in its press release, states: On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises […]

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