silverton

The FDIC found buyers for Atlanta's failed bankers' bank, Silverton, but none of Silverton's suitors wanted to pay enough for it. After analyzing the offers, the FDIC decided it would be less costly to shut the bank down than to accept the bids received. Bidders included the Carlyle Group with a...

Small community banks have a banker, called a correspondent bank (more popularly known as a bankers' bank), that offers services such as check clearing, credit card operations, and other things that small banks find too costly to do efficiently and effectively on their own. Essentially, bankers'...