News & Events Archive – July 2017

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MidWestOne Announces Early Termination of Loss Share Agreements

Wednesday, July 19, 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, […]

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BBVA Compass Announces Early Termination of Loss Share Agreements!

Thursday, July 13, 2017

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.

[…]

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