Bridge Bank

Bridge Bank

In the United States, a bank the FDIC has declared insolvent and has taken over. A bridge bank is separately incorporated from the original bank, which ceases its function altogether. The FDIC administers deposits and loans for the bridge bank for up to three years, until a buyer is found or the bank's operations wind down. A bridge bank must be registered as a national bank.
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Bridge Bank has announced the launch of a new banking group, Life Sciences Group (LSG), which will offer customised financial solutions to companies operating in the life sciences sector, including within the biotech, medical devices and pharma verticals.
In welcoming Schreiber, Chain Bridge Bank Chairman Peter G.
5 million secured credit facility with Bridge Bank, N.
The Second Bridge Bank of Japan is temporarily running Incubator Bank after having taken over some of its operations, including deposits and healthy loans.
Obuchi said the bridge bank system ''will be applied, regardless of the size of a financial institution,'' in response to comments by Naoto Kan, leader of the main opposition Democratic Party of Japan.
The new lender group includes funds managed by affiliates of Fortress Investment Group LLC and Bridge Bank.
Bridge Bank has said that it has launched a new banking group-Equity Fund Resources-which will serve as a key resource to Venture Capital (VC) and Private Equity (PE) investment funds, their partners and portfolio companies.
The measures notified by Portuguese authorities will allow the orderly resolution of the remaining bad bank and provide the bridge bank with the necessary means to maximise the value of its assets in the sale process, while limiting the distortions of competition created by the State aid granted.
RSi), a global provider of cloud-based, Big Data analytics and real-time intelligence for the consumer-products industry, today announced that it entered into a new credit facility with City National Bank and Bridge Bank.
The Financial Services Agency (FSA) said Thursday it has decided to hand over the operations of failed Ishikawa Bank and Chubu Bank to the Bridge Bank of Japan, a state-run blanket acquisition bank charged with temporarily assuming the assets and deposit liabilities of failed banks.
The bridge bank scheme is the key to revitalizing the nation's ailing economy," he said.
Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, today announced that it will release financial results for the fourth quarter and full year ended December 31, 2012, after the market closes on Thursday, January 24, 2013.