Posted by Craig Rozelle
Bank regulators closed a Georgia-based bank Friday, marking the 21st bank to be shuttered this year, according to a statement from the FDIC.
Earlier in the afternoon, the Office of the Comptroller of the Currency (OCC) announced that the Federal Deposit Insurance Corporation (FDIC) was named the receiver for the Omni National Bank, based out of Atlanta, Ga.
The FDIC entered into an agreement with the SunTrust Bank, also based in Atlanta, Ga. to protect the depositors.
The FDIC expects the cost to its Deposit Insurance Fund to be $290 million.
Click here for full article
No comments:
Post a Comment