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Bridge Bank |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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