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Tag Archives: FDIC

TierOne Bank Closed; Great Western Bank Takes Over

TierOne Bank, Lincoln, Nebraska, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Western Bank, Sioux Falls, South Dakota, to assume all of the deposits of TierOne Bank. The 69 branches of TierOne Bank will ... Read More »