April 27, 2009

Judgement Day: Govinator Closes Official Bank of Moore Pals Mudd & Golovan

The administration of California Governor Arnold Schwarzenegger has ordered closed the Official Bank of Moore very good foreclosed developer pals Chuck Mudd and "Steve" Golovan, the bank that last week foreclosed on seven far north side apartment buildings.
Regulators close First Bank of Beverly Hills

Richard Cowan, Reuters, Friday April 24

WASHINGTON – Bank regulators closed First Bank of Beverly Hills in Calabasas, California, on Friday, the 28th U.S. bank to fail this year.

The Federal Deposit Insurance Corp said First Bank of Beverly Hills had $1.5 billion in assets and $1 billion in deposits.

FDIC said it had approved the payout of the insured deposits. The bank was closed by the California Department of Financial Institutions, which appointed the FDIC as the receiver.

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