BRIDGE BANK
\bɹˈɪd͡ʒ bˈaŋk], \bɹˈɪdʒ bˈaŋk], \b_ɹ_ˈɪ_dʒ b_ˈa_ŋ_k]\
Sort: Oldest first
-
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 (CEBA) of 1987, the Federal Deposit Insurance Corporation (FDIC) is authorized to operate a failed bank for a period of up to three years, until a buyer can be found for its operations.
By Henry Campbell Black
