FDIC Sues Defunct Fla. Bank Leaders Over Loan Practices

By Nathan Hale ( August 5, 2013, 9:29 PM EDT) -- The Federal Deposit Insurance Corporation filed suit as receiver for defunct Florida-based Wakulla Bank against five former bank officials, seeking more than $14 million in damages for their alleged negligence and breach of fiduciary duty for engaging in unsound lending practices....

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