Press Releases
U.S. Bank Acquires All the Deposits of Two Southern California Institutions
U.S. Bank, National Association, Minneapolis, MN, acquired the banking operations, including all the deposits, of Downey Savings and Loan Association, F.A., Newport Beach, CA, and PFF Bank &
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Bank of Essex, Tappahannock, Virginia Acquires All the Deposits of The Community Bank, Loganville, GA
The Community Bank, Loganville, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the
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New Report Highlights Opportunities for SOX Optimization
Program Scope AND Structure Both Key Factors in Controlling Compliance Costs and Maximizing Effectiveness AS5 Broadly Welcomed, But Many Companies Yet to Realize Value Increasing Sophistication of
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OpenPages Survey Reveals Organizations Plan to Invest More in Risk Management in 2009
Fortune 1000 respondents expect increased GRC spending, convergence challenges in year ahead Waltham, Mass - November 10, 2008 - OpenPages, the leading provider of enterprise GRC management solutions
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Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California
Security Pacific Bank, Los Angeles, California, was closed today by the Commissioner of the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was
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Prosperity Bank Acquires All the Deposits of Franklin Bank, S.S.B., Houston, Texas
Franklin Bank, S.S.B., Houston, Texas, was closed today by the Texas Department of Savings and Mortgage Lending, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect
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Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida
Freedom Bank, Bradenton, Florida, was closed today by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To
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U.S. Department of Labor orders Charles Schwab to reinstate two corporate fraud whistleblowers
MILBURN, N.J. - The U.S. Department of Labor has ordered The Charles Schwab Corp. to reinstate and pay back pay and damages to two employees who were fired in violation of the whistleblower provision
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Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA
Alpha Bank and Trust, Alpharetta, Georgia, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the
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Board Proposes New Auditing Standards Related to the Auditor's Assessment of and Responses to Risk
Washington, DC, October 21, 2008 - The Public Company Accounting Oversight Board voted today to propose for public comment a suite of seven new auditing standards related to the auditor's assessment
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Monroe Bank & Trust Acquires All the Deposits of Main Street Bank, Northville, Michigan
Main Street Bank, Northville, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To... Read more...
National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois
Meridian Bank, Eldred, Illinois, was closed today by the Illinois Department of Financial Professional Regulation-Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named... Read more...
Federal Reserve Board announces creation of the Commercial Paper Funding Facility (CPFF)
Release Date: October 7, 2008 For release at 9:00 a.m. EDT The Federal Reserve Board on Tuesday announced the creation of the Commercial Paper Funding Facility (CPFF), a facility that will complement... Read more...
Wells Fargo, Wachovia Agree to Merge
SAN FRANCISCO & CHARLOTTE, N.C.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) and Wachovia Corporation (NYSE:WB) said today they have signed a... Read more...
JPMorgan Chase Acquires Banking Operations of Washington Mutual
JPMorgan Chase Acquires Banking Operations of Washington Mutual FDIC Facilitates Transaction that Protects All Depositors and Comes at No Cost to the Deposit Insurance Fund JPMorgan Chase acquired... Read more...
