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12/04/2020

Liberty Pulse

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FDIC Auctioning Loans From Failed Banks in Michigan, Pennsylvania

1 min read

FDIC Auctioning Loans From Failed Banks in Michigan, Pennsylvania

The Federal Deposit Insurance Corp. has announced two new auctions of assets from a pair of failed banks.
Bids are due Dec. 17 for roughly $8 million of performing and non-performing loan participations once held by Warren Bank of Warren, Mich. The Michigan Office of Financial and Insurance Regulation closed the bank in October and appointed the FDIC as receiver…

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