The Fed made history and shut down a Colorado bank, a role normally reserved for state regulators.

Categorized | STOP FORECLOSURE FRAUD

The Fed made history and shut down a Colorado bank, a role normally reserved for state regulators.

Posted on21 October 2011. Tags: Bank Midwest, Community Banks of Colorado, fdic, Shut down, the Federal Reserve

This is going to raise many eyebrows…

American Banker-

The Federal Reserve Board made history Friday by invoking special powers to shut down a Colorado bank, stepping into a role normally reserved for state regulators.

The central bank appointed the Federal Deposit Insurance Corp. the receiver for the $1.38 billion-asset Community Banks of Colorado in Greenwood. The FDIC then sold the bank’s operations to Bank Midwest NA in Kansas City, Mo.

[American Banker]

Comments

comments

This post was written by:

admin - who has written 11546 posts on FORECLOSURE FRAUD.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Click here to cancel reply.

Categorized | STOP FORECLOSURE FRAUD