Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The two offices of Security Savings Bank will reopen on Monday as branches of Bank of Nevada.
Remarks of Grovetta N. Gardineer, OTS to the Subcommittee on Housing and Community Opportunity:
Good afternoon, Chairwoman Waters, Ranking Member Capito and Members of the Subcommittee. Thank you for the opportunity to offer testimony on behalf of the Office of Thrift Supervision (OTS) on loan modifications and...
The U.S. Treasury Department and the Federal Reserve Board today announced a restructuring of the government's assistance to AIG in order to stabilize this systemically important company in a manner that best protects the U.S. taxpayer.
The fourth quarter 2008 FDIC Quarterly Banking Profile (QBP) is now available online. FDIC-insured institutions reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since...
The Federal Deposit Insurance Corporation (FDIC) today announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed markets through the use of two private/public partnership transactions.
The U.S. thrift industry had a record loss of $13.4 billion in 2008, as thrifts bolstered their reserves for loan losses by a record amount of $38.7 billion, the Office of Thrift Supervision (OTS) reported today.
The Office of Thrift Supervision (OTS) announced new initiatives today designed to enhance supervision of large thrifts and to ensure timely corrective actions to address identified problems among all thrifts.
On January 23, 2009, OTS issued guidance to the examiner and supervisory staff reminding them of the appropriate regulatory reporting and regulatory capital treatment by savings associations for equity capital contributions in the form of cash or notes.
Heritage Community Bank, Glenwood, Illinois, was closed today by the Illinois Department of Financial Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The four offices of Heritage Community Bank will reopen as branches of MB Financial Bank...
The Financial Crimes Enforcement Network (FinCEN) today released its latest mortgage fraud analysis - titled Filing Trends in Mortgage Loan Fraud - that shows suspicious activity reports (SARs) filed on suspected mortgage fraud increased 44 percent in the 12 months ending in June 2008 compared with the prior year.
Deputy Comptroller for Large Bank Supervision Joseph H. Evers testified today about available mortgage performance information before a subcommittee of the U.S. House of Representatives' Committee on Financial Services.