News & Events – In The News

First-Citizens Bank & Trust Company Announces Another Early Termination of Loss Share Agreements!

Thursday, March 30, 2017

Congratulations to First Citizens BancShares, Inc (Nasdaq: FCNCA) & First-Citizens Bank & Trust Company (First Citizens) of Raleigh, North Carolina for successfully terminating their FDIC loss share agreements on their sixth failed bank receivership: Venture Bank.

As of March 29, 2017 First Citizens will now recognize entirely all future gains, recoveries, […]

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Southern Bank & Trust Company Announces Early Termination of Loss Share Agreements!

Wednesday, March 8, 2017

Congratulations to Southern Bank and Trust Company of Mount Olive, North Carolina for successfully terminating their FDIC loss share agreements on their failed bank receivership: Bank of the Commonwealth.

As of March 7, 2017 Southern will now recognize entirely all future gains, recoveries, charge-offs, losses and expenses related to the formerly covered assets with no […]

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Oriental Bank Announces Termination of Loss Share Agreements

Monday, March 6, 2017

Congratulations Oriental Bank!

Congratulations to OFG Bancorp (NYSE: OFG) and Oriental Bank (Oriental) of San Juan, Puerto Rico for successfully terminating their FDIC loss share agreements on their failed bank receivership:  Eurobank.

The agreement was reached on February 7 and in the first quarter of 2017, the termination agreement will eliminate […]

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Mutual of Omaha Bank Announces Termination of Loss Share Agreements

Monday, March 6, 2017

Congratulations Mutual of Omaha Bank!

Congratulations to Mutual of Omaha Bank (Mutual) of Omaha, Nebraska for successfully terminating their FDIC loss share agreements on their failed bank receivership:  Marco Community Bank.

The agreement was reached on January 30 and in the first quarter of 2017, the termination agreement will eliminate from […]

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FirstMerit Bank Successfully Terminates FDIC Loss Share Agreements

Wednesday, January 25, 2017

Congratulations FirstMerit Bank NA!

Congratulations to FirstMerit Bank NA (FirstMerit) of Akron, Ohio for successfully terminating their FDIC loss share agreements on their two failed bank receiverships:  George Washington Savings Bank and Midwest Bank & Trust Company.

The agreement was reached on January 25 and in the first quarter of […]

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IBERIABANK Announces Termination of FDIC Loss Share Agreements

Wednesday, December 21, 2016

Congratulations IBERIABANK!

Congratulations to IBERIABANK (IBERIA) of Lafayette, Louisiana for successfully terminating their FDIC loss share agreements on their six failed bank receiverships:  CapitalSouth Bank, Century Bank, F.S.B., Orion Bank, Sterling Bank, Creekside Bank and Patriot Bankof Georgia.

The agreement was reached on December 21 and in the […]

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Renasant Bank Announces Termination of FDIC Loss Share Agreement

Thursday, December 8, 2016

Congratulations Renasant Bank!

Congratulations to Renasant Bank (Renasant) of Tupelo, Mississippi for successfully terminating their FDIC loss share agreements on their four failed bank receiverships: Crescent Bank & Trust Co., American Trust Bank, Citizens Bank of Effingham and First Southern National Bank.

The agreement was reached on December 8 and in […]

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DD&F Consulting is Awarded the Governor’s Award for Performance Excellence!

Thursday, October 13, 2016

(LITTLE ROCK, AR–October 15, 2016) – DD&F Consulting Group, Inc., headquartered in Little Rock, Arkansas, recently received top honors when presented with the Arkansas Governor’s Award for Performance Excellence.  The award was a part of the Arkansas Quality Awards program which partners with the prestigious Malcolm Baldridge National Quality Award process.  The award […]

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Midland States Bank Announces Termination of FDIC Loss Share Agreements

Tuesday, October 11, 2016

Congratulations Midland States Bank!

Congratulations to Midland States Bancorp Inc. (Nasdaq: MSBI) & Midland States Bank (Midland) of Effingham, Illinois for successfully terminating their FDIC loss share agreements on two failed bank receiverships: Westbridge Bank & Trust Co. and Strategic Capital Bank.

Under the terms of the October 3 agreement, Midland made a net […]

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Randy Dennis Quoted in “Why Many Banks are Hanging on to FDIC Loss-Share Pacts”

Tuesday, September 6, 2016

August 31, 2016

American Banker

By Andy Peters

 

Some banks can’t get out of their Federal Deposit Insurance Corp. loss-share agreements fast enough. Others, however, may have to stay partners with the FDIC for a while longer.

The banks that have been rushing to terminate their agreements want to exit before […]

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