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.

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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.

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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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