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Inside Washington (05/12/2008)
* WASHINGTON (5/13/08)--The Office of the Comptroller of the Currency Friday closed AMB Financial of Bentonville, Ark. The Federal Deposit Insurance Corp. was named as the receiver of AMB.Pulaski Bank and Trust Company, Little Rock, assumed AMB’s insured deposits. The bank’s nine offices reopened today as branches of Pulaski Bank. Depositors of ANB Financial will be depositors of the assuming bank ... * WASHINGTON (5/13/08)--The Office of Thrift Supervision (OTS) did not respond adequately to warning signs at NetBank Inc., which failed in September, indicated a Treasury Department report (American Banker May 12). The agency should have acted sooner, the report said. OTS downgraded the thrift’s Camels rating to a 3. Scott Polakoff, OTS deputy director, said the OTS’ enforcement order against NetBank was issued appropriately. The failure cost the Federal Deposit Insurance Corp. fund $150 million ... *
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WASHINGTON (5/13/08)--“Ken’s Saladbar,” a team of members from Sen. Ken Salazar’s (D-Colo.) office, posted the fastest time in the “Capitol Hill Competition” of the Credit Union Cherry Blossom 10-Mile Run April 6. Salazar’s team was presented with the Credit Union Cup to mark the achievement. Sponsors making the presentation of the cup are (top, from left) team captain Andrew Yarbrough; Susan Enis, president/CEO, U.S. Senate FCU, Alexandria, Va.; John Hayes, U.S. Senate FCU; Dillon Shea, National Association of Federal Credit Unions; and Phil Drager, Credit Union National Association. Pictured are “Saladbar” team members (from left) Hayes, Enis, Shea, Drager, Yarborough, Katharine Ferguson, Salazar, Matt Lee-Ashley, Anne Terry and James Koehler. (Photos provided by the Credit Union National Association) ...


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