Downey Savings & Loan Association, Newport Beach and PFF Bank & Trust, Pomona
| FOR IMMEDIATE RELEASE November 21, 2008 |
Media Contact:
Andrew Gray (202) 898-7192 Cell: (202) 494-1049 David Barr: (202) 898-6992 Cell: (703) 622-4790 |
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 & Trust, Pomona, CA, in a transaction facilitated by the Federal Deposit Insurance Corporation.
Read more on U.S. Bank Acquires All the Deposits of Two Southern California Institutions…
Filed under FDIC Releases by Comment. 
| FOR IMMEDIATE RELEASE November 21, 2008 |
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 depositors, the FDIC entered into a purchase and assumption agreement with Bank of Essex, to assume all of the deposits of The Community Bank.
Filed under FDIC Releases by %s Comments.
Industry Funded Program Fully Backed by FDIC Guarantee; Will Promote Lending
| FOR IMMEDIATE RELEASE November 21, 2008 |
Media Contact:
Andrew Gray (202) 898-7192 |
The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a final rule to strengthen the agency's Temporary Liquidity Guarantee Program (TLGP). The Program guarantees newly issued senior unsecured debt of banks, thrifts, and certain holding companies, and provides full coverage of non-interest bearing deposit transaction accounts.
Read more on FDIC Board of Directors Approves TLGP Final Rule…
Filed under FDIC Releases by Comment.
