Definitions for bridge bank
bridge bank

WikipediaRate this definition:0.0 / 0 votes

1. Bridge bank

   A bridge bank is an institution created by a national regulator or central bank to operate a failed bank until a buyer can be found.While national laws vary, the bridge bank is usually established by a publicly backed deposit insurance organisation or financial regulator and may be instituted to avoid systemic risk and provide an orderly transition avoiding negative effects such as bank runs.

WikidataRate this definition:0.0 / 0 votes

1. Bridge bank

   In the United States law of banking regulation, a bridge bank is a temporary bank organized by federal bank regulators to administer the deposits and liabilities of a failed bank. Under the Competitive Equality Banking Act of 1987, the Federal Deposit Insurance Corporation is authorized to operate a failed bank for a period of up to three years, until a buyer can be found for its operations. Under CEBA, when a FDIC-insured bank is in financial trouble, the FDIC "may establish a bridge bank to — assume the deposits of the closed bank; assume such other liabilities of the closed bank as the Corporation, in the Corporation's discretion, may determine to be appropriate; purchase such assets of the closed bank as the Corporation, in the Corporation's discretion, may determine to be appropriate; and perform any other temporary function which the Corporation may prescribe in accordance with this Act." Bridge banks must be chartered as national banks. To the extent possible, bridge banks are required to honor the commitments of the failed bank to its customers, and not to interrupt or terminate adequately secured loans. Bridge banks are authorized to seek to liquidate failed banks, either by finding buyers for the bank as a going concern, or by liquidating its portfolio of assets, within two years, which can be extended for cause by an additional year. Should the bridge bank fail to wind down its operations within the allotted time, the bridge bank must notify the Comptroller of the Currency of its intent to dissolve the bridge bank. Under this situation, the FDIC is appointed as the receiver of the bridge bank's assets.

How to pronounce bridge bank?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say bridge bank in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of bridge bank in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of bridge bank in Pythagorean Numerology is: 1

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Bridge_Bank
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=bridge bank