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United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the transaction made it the...
Tags: Georgia, Gateway Bank of St., Kansas City, small banks, banks failures, Michigan, United Security Bank, Federal Deposit Insurance Corp., security banks, California
The stock also is expected to be delisted from the Nasdaq. Late Friday, the banks owned by Security Bank Corp. were closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. as receiver. The six community...
According to a front page story in today's Macon Telegraph, State Bank and Trust Co. of Pinehurst is purchasing Security Bank Corp's six bank subsidiaries in Bibb, Houston and Jones counties. According to a front page story in today's Macon Telegraph,...
Tags: security banks, Security Bank Corp., banks corp, State Bank, Georgia, banks subsidiaries, purchases security, Bibb, Jones, deposit insured
The company also disclosed Friday that federal and state regulators have ordered five of the company’s six banking subsidiaries to boost capital and improve lending policies. The order also restricts their ability to issue dividends and use brokered deposits,...
Tags: security banks