Failures

Regulators close Kansas bank in fourth failure of 2020

10/23/20

Equity Bank agreed to buy most of the assets, and assume all the deposits, of Almena State Bank.

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Regulators close Florida bank in third failure of 2020

10/16/20

First City Bank of Florida had suffered “longstanding capital and asset quality issues” that were unrelated to the pandemic, the FDIC said.

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Four bankers of failed thrift charged with helping client embezzle funds

08/29/20

The Justice Department alleges that the bankers worked with “higher-ranking bank officials” at Washington Federal Bank for Savings in Chicago to falsify records and hide funds prior to the bank's December 2017 collapse.

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Former First NBC executives charged with fraud tied to bank's failure

07/14/20

Ashton Ryan, the New Orleans bank's CEO, and two other officers are accused of disguising the financial condition of certain borrowers before the bank's 2017 collapse.

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Are lawmakers inviting ‘hot money’ boom with brokered deposit bill?

07/08/20

Backers say a bill to limit asset growth instead of restricting brokered funds addresses concerns about expanding balance sheets at troubled banks. But skeptics worry it would open the door to greater risk.

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Fed's Quarles urges nations to strengthen bank resolution plans

07/07/20

Randal Quarles, who is also chairman of the Financial Stability Board, said FSB members must do more to prepare for bank failures.

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Former banker pleads guilty for role in Texas bank's failure

06/09/20

Anita Gail Moody, who was president of Enloe State Bank, admitted to creating phony loan documents — and setting a fire to destroy them — before the bank was shuttered in May 2019.

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SBA’s Amazon-assisted save, W.Va. bank failure, BofA’s selective lending: Top stories of the week

04/10/20

After opening-day fiasco, SBA upgrades lender portal with Amazon assist; West Virginia’s First State Bank closed by regulators; BofA offers emergency loans to borrowers first, freezing out depositors; and more from this week’s most-read stories.

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West Virginia bank is first to fail since onset of coronavirus

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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Bank in West Virginia is closed by regulators

04/03/20

First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years.

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