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Arvest Bank Announces Termination of its FDIC Loss Share AgreementsThursday, July 21, 2016
Congratulations Arvest Bank!
Congratulations to Arvest Bank (Arvest) of Fayetteville, Arkansas for successfully terminating their FDIC loss share agreements on their failed bank receivership: SolutionsBank.
Under the terms of the July 18 agreement, Arvest made a net payment of $4.8 million to the FDIC as consideration for early termination of the loss share agreement. In the third quarter of 2016, the termination agreement will eliminate from the company’s books the true-up liability and other related receivables for the terminated loss-sharing agreement.
DD&F served as an advisor to Arvest in successfully terminating their shared loss agreement with the FDIC and would like to congratulate all of the Arvest team. We wish you continued success!Back to News and Events