Big banks, including JPMorgan Chase and PNC Financial Services Group, are competing to acquire the First Total Bank, and the transaction will take place after the government takes over the First Total Bank. In addition, people familiar with the matter also said that the First Total Bank could be taken over and sold as early as this weekend.
Earlier today, it was reported that according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) is preparing to put the First Total Bank under bankruptcy management. (The Wall Street Journal)
Earlier today, it was reported that according to people familiar with the matter, the Federal Deposit Insurance Corporation (FDIC) is preparing to put the First Total Bank under bankruptcy management. (The Wall Street Journal)