![]() ![]() Washington Mutual Bank - Sierra Pacific Mortgage Co., Inc. Washington Mutual Bank - Gateway First Bank ![]() Professional Liability Settlement Agreements since 2008 The FDIC will publish the terms and conditions of all settlements as they become available and the material will be updated regularly.įor additional information see: Professional Liability Program. Entering into a settlement of those claims may avoid costly and protracted litigation over the claims and result in greater recoveries. Pursuit of these claims maximizes recoveries for creditors of the failed bank receivership, including uninsured depositors and the deposit insurance fund. The FDIC conducts a thorough investigation into potential professional liability claims arising from every IDI failure but pursues claims only if they are both meritorious and expected to be cost-effective. The purpose of the FDIC professional liability program is to recover funds for FDIC receiverships and to hold accountable directors, officers, and professionals who caused losses to insured depository institutions ("IDIs") that are later placed in FDIC receivership. FOIA Professional Liability Settlement Agreements ![]()
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