Oklahoma City / New York / Washington / D.C. / Chicago / /
Company
Includes 11 BancTexas Group Inc. / Texas Inc. / Continental Illinois Corporation / First City Bancorporation / Insured Bank / Penn Square Bank N.A. / Includes 59 First City Bancorporation / Opportunities Afforded By Open Bank Assistance / Basic Books Inc. / BancTexas Group / Trust Company / Continental National Bank Presented / Resolution Trust Corporation / Continental Illinois National Bank / Banks Receiving Open Bank Assistance / Open Bank Assistance / /
Country
United States / /
Currency
USD / /
Event
M&A / Reorganization / Bankruptcy / /
IndustryTerm
industrial lender / financial and banking markets / financial assistance / insurance / bridge bank / deposit insurance funds / bank purchase / bank failures / deposit insurance fund / bank accounts / assisted banks / bridge bank authority / on other banks / bank / troubled bank / insurance fund monies / closed bank transaction / closed bank bids / bridge bank structure / bank transactions / insurance fund / energy loan participations / /
Organization
Committee on Banking / Finance and Urban Affairs / House of Representatives / Association of Bank Holding Companies / FDIC Board of Directors / FDIC Division of Resolutions and Receiverships / Government Relations Committee / U.S. Congress / US Federal Reserve / Congressional Research Service / Federal Deposit Insurance Corporation / FDIC Division of Research and Statistics / Subcommittee on Financial Institutions Supervision / Regulation and Insurance / /
Person
Henry Cohen / William M. Isaac / L. William Seidman / Irvine H. Sprague / Sean M. Scott / /
Position
secretary of the Treasury / general creditors / Chairman / Director / correspondent / president of the United States / Expansion Reporter / /
CHAPTER 5 – OPEN BANK ASSISTANCE TRANSACTIONS The third basic resolution method for failing financial institutions is an open bank assistance (OBA) transaction.1 In an OBA, the Federal Deposit Insurance Corporation (FDIC) provides financial