LexisNexis® Legal Newsroom
FDIC: Number of Problem Institutions Continues to Increase

Though 2010 was a "turnaround" year for banks, the number of problem institutions continued to increase during the year, according to the FDIC's Quarterly Banking Profile for the fourth quarter of 2010. A copy of the FDIC's February 23, 2011 press release about the report can be...

Colonial Bank Execs Settle Failed Bank Securities Suit

In a settlement that apparently will be funded entirely by D&O insurance, the plaintiffs and 23 former executives of the failed Colonial Bank of Montgomery, Alabama have agreed to the settle the class action securities lawsuit that investors filed in connection with the bank's 2009 collapse...