"The FDIC is compelled to accept the bid that is the least costly to the Deposit Insurance Fund. So if there were 200 bidders, or just one, that is our mandate to accept the least costly bid," said Norma Tomlinson, an FDIC ombudsman.
So far this year, 86 FDIC-insured banks have failed around the country.An FDIC closing team will work over the next several days to verify the Omaha bank's deposits and loans, said Norma Tomlinson, an FDIC spokeswoman. Stine, the new owner and chairman, is a member of a Nebraska banking family th
Date: Nov 05, 2011
Category: Business
Source: Google
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