Items Tagged with 'Bank of Nevada'


  • Monday Morning Cup of Coffee

    A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues: Regulators shut down five banks Friday, including beleaguered Colonial Bank. So far, 77 banks have been shut down in 2009. The Federal Deposit Insurance Corporation (FDIC) estimates the latest closings will cost nearly $3.7bn.
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  • Two Bank Failures Cost FDIC $100 Million

    The Illinois Department of Financial Professional Regulation on Friday shut down Glenwood, Ill.-based Heritage Community Bank and named as receiver the Federal Deposit Insurance Corp., which entered into a purchase and assumption agreement with MB Financial Bank of Chicago. The four Heritage offices reopened Saturday as branches of MB Financial Bank, which assumed all of the failed bank's $218.6 million in deposits, including brokered deposits.
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  • PennyMac Funds Buy Mortgage Portfolio From FDIC

    Private National Mortgage Acceptance Company, LLC -- that's PennyMac to you and I -- said Wednesday morning that investment funds managed by its affiliate, PNMAC Capital Management, LLC, had recently completed the purchase of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation. The loans were formerly held by the First National Bank of Nevada, closed by the Office of the Comptroller of the Currency in July; the FDIC was named receiver.
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  • Two More Banks Head into FDIC Hands

    On Friday evening, the Federal Deposit Insurance Corp. said that two more banks had been deemed a failure; the Office of the Comptroller of the Currency had closed both after saying that each was undercapitalized.
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