State regulators on Friday closed Edgebrook Bank, Chicago, and appointed the FDIC as receiver. Republic Bank of Chicago, Oak Brook, Ill., agreed to assume all of the failed banks $90 million in deposits and to purchase $79.7 million of its $90 million in assets. The failure, which is estimated to cost the Deposit Insurance Fund $16.8 million, was the fifth thus far in 2015. Read more.
FDIC issues relief guidance for banks serving tribes in Arizona, Montana affected by severe weather
The FDIC has released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of the San Carlos Apache Indian Reservation in Arizona, and the Fort Peck Indian Reservation and the Crow...







