FDIC


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  • noun

Synonyms for FDIC

a federally sponsored corporation that insures accounts in national banks and other qualified institutions

References in periodicals archive ?
Then in May, the FDIC reported to Congress that five additional, major data breach incidents occurred since October 2015.
Talmer entered into the loss share agreements with the FDIC in 2010 and 2011 in connection with its acquisition of assets and assumption of liabilities of four failed banks from the FDIC, as receiver.
7m to the FDIC as consideration for the early termination of the loss share agreements, and under the warrant termination agreement, the company paid USD4.
While FDIC filings of new D&O lawsuits hit a lull in the fourth quarter of 2013, new filings are unlikely to continue at such a slow pace in the first half of 2014," said Katie Galley, a senior vice president at Cornerstone Research, to the Wall Street Journal.
1, 2007, the FDIC has named approximately 205 individual appraisers and appraisal firms as defendants in lawsuits alleging professional negligence.
Defendants may also seek to assert that pre-closing activities by the FDIC in its corporate capacity or post-closing activities in its regulatory capacity caused or contributed to the bank's losses.
In 2009, there were 140 FDIC Insured banks that failed; in 2010, 157 banks failed.
ANB Financial was closed by the FDIC on May 9, 2008.
24) It insures the deposits of all banks and savings associations, and when one fails, the FDIC liquidates it and disposes of its assets.
Clients have contacted us through the past 18 months to two years about how the bank can help them, or to maximize their FDIC insurance," he said.
The FDIC is said to have only about $10 billion in the till, and will decide how to address its own cash-flow problem at a meeting next week.
There are myriad rules concerning FDIC deposit insurance, including a recent temporary increase in deposit coverage.
All funds in an IOTA account, regardless of size, will now be insured in full by the FDIC as part of the Temporary Liquidity Guarantee Program (TLGP).
MAXXAM filed a motion to sanction the FDIC for filing a law-suit that the FDIC's own legal division's internal analysis concluded had "at least a 70%" chance of failing on pretrial motions and, if it survived, the chances of prevailing on the merits were "marginal at best.