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Business Blog Design & Implementation Business blogs provide your small business with a chance to share your expertise and knowledge with a larger audience. An opportunity to connect with a wider audience and build a community is a strong benefit for consultants and knowledge workers | Real Estate Website Design Blogs |
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Boymelgreen's LibertyPointe Bank shut down
The New York State Department of Banking shut down developer Shaya Boymelgreen's struggling LibertyPointe Bank, and the Federal Deposit Insurance Corporation sold its assets to Wayne, N.J.-based Valley National Bank, marking the first New York state bank seizure this year. The shut down -- which will cost the FDIC $24.8 million -- comes nine months after federal and state regulators issued a cease and desist order against the lender for using unsound banking practices, including operating with an excessive amount of commercial real estate loans. “It is a top priority of the New York State Banking Department to protect the deposits of consumers of New York State banks and ensure the safety and soundness of the banking system in the state,” said Richard Nieman, state superintendent of banks, in a statement. Valley National Bank officials said the bank assumed about $200 million in deposits and received about $180 million in loans, which are subject to a loss-share agreement with the FDIC. The bank also received $20 million in cash and other assets. |
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Real Estate Listing Syndication – Ever thought you can submit ads directly from your website database system? Now you can, we can customize your system to send your real estate listings to any web portals that accept RSS feeds. Broadcatching is the downloading of digital content that has been made available over the Internet using RSS syndication. The general idea is to use an automated mechanism to aggregate various web feeds and download content for viewing or presentation purposes. | ||||||||
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