In a Pre-$250,000.00 deposit insurance coverage case, the issue was how one depositor deposits were combined, thereby avoiding insurance coverage. This type of ruling below could also apply to the current $250,000.00 coverage limits as to the combination of account deposits. In Waukesha State Bank et al. v. National Credit Union Administration Board (U.S. Court […]

Here, the debtor was introduced to a bank by a known customer, who had an ongoing relationship with the bank, and the known customer verbally agreed to guarantee the loan. The financial statement submitted by the new borrower did not alert the bank that further investigation of the borrower’s credit was warranted. Hence, although the […]