Unformatted text preview: named receiver and a bridge bank - Silverton Bridge Bank was created which allows client banks to maintain their correspondent banking relationship with the least amount of disruption. This Bridge Bank will be operational for a period of time sufficient to allow client banks to transition correspondent services. Why Silverton Failed? Silverton Bank failed primarily due to significant loan losses which eroded its capital position and reduced its ability to maintain adequate liquidity...
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- Summer '09
- Cheque, Fractional-reserve banking, Silverton Bank, Silverton Bridge Bank