The Washington Department of Financial Institutions closed DuPont-based Venture Bank at 6 p.m. today and immediately named the Federal Deposit Insurance Corp. as receiver. The FDIC immediately entered into a prearranged purchase and assumption agreement with First-Citizens Bank and Trust Co. of Raleigh, N.C., which has assumed all deposits and assets but for some brokered deposits of Venture Bank.Representatives of the FDIC entered all Venture branches, and the DuPont headquarters, after...
aggregated: 27 weeks 1 day ago | 58 views
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