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After 3 years, both banks were put into bankruptcy, a new nationalized bank was created and the assets of the two bankrupt banks and the bank accounts of local account holders were transferred to the new bank and the local depositors were made whole by stealing about $180 million of money belonging foreign depositors, who lost their entire savings.
Century Bank had over $6 billion in assets with 27 offices in 19 cities and towns in Massachusetts. [2] Marshall’s son, Barry Sloane, sat as Chairman, President & CEO while Marshall’s daughter, Linda Sloane Kay, was the Bank’s Vice Chair. Century Bank was a lender to local businesses, municipalities, not-for-profit organizations and families.
The Corruption Eradication Commission (Indonesian: Komisi Pemberantasan Korupsi), abbreviated as KPK, is an Indonesian government agency established to prevent and fight corruption in the country. [2] The KPK was created in 2003 during the Megawati presidency due to high corruption in the Post-Suharto era.
Panic of 1907, a U.S. economic recession with bank failures; Shōwa Financial Crisis, a 1927 Japanese financial panic that resulted in mass bank failures across the Empire of Japan. Great Depression, the worst systemic banking crisis of the 20th century; Secondary banking crisis of 1973–1975 in the UK; Japanese asset price bubble (1986–2003)
In 1987, Labh Singh (Sukhdev Singh Sukha) allegedly masterminded [7] what was at that time the largest bank robbery in Indian history, netting almost 60 million (58 million rupees-US$4.5 million) from Millar Ganj branch of Punjab National Bank, Ludhiana; [7] a part of this stolen money belonged to the Reserve Bank of India, India's central bank.
The Bank Bali scandal occurred in Indonesia in 1999 when Golkar Party officials colluded with the Indonesian Bank Restructuring Agency (IBRA) to coerce Bank Bali chief Rudy Ramli to pay an illegal commission of Rp546 billion (then equivalent to about US$80 million) to private company Era Giat Prima in order to collect Rp904.6 billion owed by two banks taken over by IBRA.
Century Commercial Bank Limited [3] was a commercial bank in Nepal. The bank was an ‘A’ class commercial bank licensed by Nepal Rastra Bank [4] and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. But now it's merged with Prabhu bank Limited in January 2023.
On July 16, 2021, Miami community bank U.S. Century Bank files for a $40 million IPO. The Miami, Florida–based company plans to raise $40 million by offering 3.6 million shares at a price range of $10.00 to $12.50. At the midpoint of the proposed range, U.S. Century Bank would command a fully diluted market value of $201 million. [3] [4]