Frontier Financial Corporation

Type: Company

Name: Frontier Financial Corporation

First reported May 08 2013 - Updated May 08 2013 - 1 reports

FDIC Has Established Successor Liability, Federal Judge Finds

CLEVELAND - A federal judge in Ohio on May 6 refused to dismiss a suit the Federal Deposit Insurance Corp., as the receiver for the failed AmTrust Bank, filed alleging that the successor in interest to a borrower breached a loan purchase agreement, ruling ... [Published Mealey - May 08 2013]

Entities: Federal Deposit Insurance Corporation, Liability, Federal, Frontier Financial Corporation, AmTrust Bank

First reported Apr 27 2013 - Updated Apr 27 2013 - 1 reports

Children's Miracle Network

Students, businesses keeping it local

Tribune photo by Garrett Valenzuela -- Reed High School students (from left) Selena Campana, Nicholas Topoian and Katelyn Sanger display their Miracles in Motion t-shirts and Miracle Maker bracelets in support for Sunday's Miracles in Motion event at ... [Published Daily Sparks Tribune - Apr 27 2013]

Entities: Children's Miracle Network, Leadership, Renown, Lisa Stevens

Quotes

Naming John Dickson, Dorsey, Ries, Robinson and Ryan in the Streamline Tower loan, the lawsuit says that "had the defendants on this loan insisted on the required underwriting and credit analysis, it would have demonstrated, among other things, that there was no adequate source of repayment, the repayment sources identified were speculative and vulnerable to a deteriorating housing market, the borrowers' creditworthiness did not support the loan amount, the collateral was illiquid and overvalued" and the loan "should not have been approved." The borrowers eventually defaulted

FDIC's after more failed bankers [Published HeraldNet - Apr 29 2013]