Monday, April 20, 2009
Phoenix Cos.' Try For Bailout Funds Hits Roadblock
The Phoenix Cos.' pursuit of federal bailout funds has hit a wall as the federal government seized the ailing bank that the Hartford life insurer planned to buy to qualify for the money.
The federal Office of Thrift Supervision (OTS) closed American Sterling Bank of Sugar Creek, Missouri on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Phoenix Cos.' Try For Bailout Funds Hits Roadblock
Source: Hartford Courant
The federal Office of Thrift Supervision (OTS) closed American Sterling Bank of Sugar Creek, Missouri on Friday and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Phoenix Cos.' Try For Bailout Funds Hits Roadblock
Source: Hartford Courant
Permalink posted by armandn @ 12:51 PM 
 |
 |  |
  |
