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MINNEAPOLIS & PALM DESERT, Calif.--(BUSINESS WIRE)--U.S. Bank, lead bank of U.S. Bancorp (NYSE: USB - News), has signed an agreement to purchase the ATM and kiosk terminal management services, cash management and vault cash operations of the Electronic Ba..
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SUFFOLK, Va., Aug. 15 /PRNewswire-FirstCall/ -- Darrell G. Swanigan, President and CEO of SuffolkFirst Bank (Nasdaq: SUFB - News), a $182 million locally owned community bank headquartered in Suffolk, Virginia, announced consummation of the reorganization..
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ATLANTA & TALLAHASSEE, Fla.--(BUSINESS WIRE)--Elavon, formerly NOVA Information Systems, a wholly owned subsidiary of U.S. Bancorp (NYSE:USB - News), has acquired substantially all of the merchant processing portfolio of Capital City Bank, a subsidiary of..
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ATLANTA, Aug. 1 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI - News) announced today that it has acquired from the Federal Deposit Insurance Corporation (FDIC) approximately $225 million in FDIC-insured deposits of First Priority Bank of Brad..
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NEW YORK (AP) -- The Federal Deposit Insurance Corp. said Friday it has taken control of the First Priority Bank of Bradenton, Fla., and that SunTrust Banks Inc. will assume the bank's deposits.
First Priority is the eighth U.S. bank to fail this year in..
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PHOENIX (AP) -- Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday.
The calm response was a stark contrast to the hundreds of angr..
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OMAHA, Neb.--(BUSINESS WIRE)--Mutual of Omaha Bank has agreed to acquire from the FDIC the deposits of the failed Reno, Nev.,-based First National Bank of Nevada and its affiliate, First Heritage Bank of Newport Beach, Calif., the company announced.
The..
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CARSON CITY, Nev. (AP) -- The 28 branches of 1st National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California, were closed Friday by federal regulators.
The banks, owned by Scottsdale, Ariz.-based First National Bank Holdi..
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CHEVY CHASE, Md., July 25 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: CSE - News) announced that CapitalSource Bank, its new bank subsidiary, has commenced operations and today completed the acquisition of approximately $5.2 billion of retail depo..
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BREA, Calif., July 25 /PRNewswire-FirstCall/ -- Fremont General Corporation (the "Company" or "FGC") (Pink Sheets: FMNTQ - News), doing business primarily through its wholly-owned bank subsidiary, Fremont Investment & Loan ("FIL" or the "Bank"), announced..
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CHICAGO, July 22 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced it has obtained committed financing to support its acquisition of NYMEX Holdings, Inc. The committed financing takes the form..
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DUNN, N.C., July 21 /PRNewswire-FirstCall/ -- Over the weekend new signs went up at the former offices of New Century Bank South officially completing its consolidation into New Century Bank, a wholly-owned subsidiary of New Century Bancorp (Nasdaq: NCBC..
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MUNCIE, Ind., July 18 /PRNewswire-FirstCall/ -- MutualFirst Financial, Inc. (Nasdaq: MFSF - News) announced that its acquisition of MFB Corp. (Nasdaq: MFBC - News) was completed today. In connection with the acquisition, MFB Financial, the bank subsidiary..
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LOS ANGELES (AP) -- Police have been called in to tame an angry throng of IndyMac Bank customers trying to pull money out of the Encino branch on Day 2 of a federal bank takeover.
At least three police squad cars showed up early Tuesday as tensions got h..
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OAK BROOK, Ill.--(BUSINESS WIRE)--Inland Real Estate Corporation (NYSE: IRC - News) today announced the acquisition, through its joint venture with Inland Real Estate Exchange Corporation (IREX), of four office buildings in sale-leaseback transactions fro..
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NEW YORK (AP) -- Sen. Charles Schumer on Sunday defended himself against claims by regulators that he was partially to blame for a run on IndyMac Bancorp Inc. that led to the bank's takeover by the government Friday.
At a news conference Sunday, the New..
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LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
The bank is the largest regulated thrift to fail a..
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LOS ANGELES (AP) -- IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
The bank is the largest regulated thrift to fail a..
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AMSTERDAM, Netherlands (AP) -- The directors of Fortis NV, one of Europe's biggest banks, replaced its chief executive Friday after the bank suspended dividends and took other unpopular measures to shore up its cash reserves.
The board of directors of th..
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PARIS (Reuters) - France's Banking Commission on Friday fined Societe Generale 4 million euros ($6.3 million) for serious breaches in internal controls revealed by the French bank's 4.9 billion euro rogue trading loss.
In a decision e-mailed to Reuters,..
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