Tag: bank_failure
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OCC Appoints FDIC as Receiver for Kentland Federal Savings and Loan Association
The OCC appointed the FDIC as receiver for Kentland Federal Savings and Loan Association in Indiana. The bank, with $3.7 million in assets, faced critical undercapitalization and asset dissipation due to unsafe practices, prompting regulatory intervention.
BusinessPolitics and GovernmentBankingEconomyFederal GovernmentFinancial Markets Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationKentland Federal Savings and Loan AssociationKentlandIndianaBank FailureFinancial RegulationOffice of the Comptroller of the Currency (OCC)