News & Events Archive – July 2017
Congratulations to MidWestOne Bank (MidWestOne) of Iowa City, Iowa for successfully terminating their FDIC loss share agreements on their five failed bank receiverships: Mainstreet Bank, Jennings State Bank, Riverview Community Bank, Commerce Bank of SouthWest Florida and The RiverBank.
As of July 14, 2017 MidWestOne will now recognize entirely all future gains, […]Read More
Congratulations to BBVA Compass (BBVA) of Birmingham, Alabama for successfully terminating their FDIC loss share agreements on their failed bank receivership: Guaranty Bank.
As of July 12, 2017 BBVA will now recognize entirely all future gains, recoveries, charge-offs, losses and expenses related to the formerly covered assets with no offset to the FDIC.