Articles Tagged With ‘Office of Thrift Supervision’

Federal regulators seize San Luis Trust Bank

Federal regulators shut down San Luis Trust Bank (SLTB) in San Luis Obispo Friday because the bank was critically undercapitalized, according to the Federal Deposit Insurance Corp. (FDIC). At 5:55p.m. Friday, just five minutes before the bank was scheduled to close... (Continue reading)

San Luis Trust Bank facing threat of seizure

San Luis Trust Bank (SLTB) may soon be added to the FDIC’s list of failed banks unless it pulls itself out of a “critically undercapitalized” state, according to federal regulators. The bank’s regulator, the Federal Office of Thrift Supervision (OTS), says... (Continue reading)