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Providence Bank Announces Termination of FDIC Loss Share Agreement

Tuesday, October 11, 2016

Congratulations Providence Bank!

Congratulations to Providence Bank (Providence) of Columbia, Missouri for successfully terminating their FDIC loss share agreements on their failed bank receivership: Premier Bank.

The agreement was reached on September 9 and in the third quarter of 2016, the termination agreement will eliminate from the company’s books the true-up liability and other related receivables for the terminated loss-sharing agreement.

DD&F served as an advisor to Providence in successfully terminating their shared loss agreement with the FDIC and would like to congratulate all of the Providence team. We wish you continued success!

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