Report on FDIC suits against outside directors of failed banks.  This is a report prepared by AABD recommending reforms and clarifications for the FDIC’s program to ... Read More »

The following article by David Baris appeared in American Banker on June 14, 2011. Read More »

Beginning in 1966, the U.S. Congress expanded the enforcement powers of the federal banking agencies based on the belief that they lacked sufficient authority to ... Read More »

On May 11, 2011, David Baris, Executive Director of AABD, submitted a statement for a hearing held by the Capital Markets Subcommittee of the House ... Read More »

The AABD has filed an amicus brief opposing the FDIC's position in its suit against Bryan Cave that bank directors have no right to access ... Read More »

Section 29 of the Federal Deposit Insurance Act restricts the use of brokered deposits and the rate of interest paid on deposits for insured institutions ... Read More »

On January 25, 2011, Michael Krimminger, FDIC's General Counsel, responded to AABD regarding a letter to FDIC Chairman Bair requesting that bank directors be permitted ... Read More »

AABD has requested FDIC Chairman Bair to permit bank directors to copy or have access to bank documents they need to defend themselves against suits ... Read More »

December 17, 2010 Elizabeth M.Murphy Secretary Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549-1090 Re: File Number S7-33-10 Dear Ms. Murphy: The proposed rules for implementing the whistleblowing provisions of Section ... Read More »

On November 1, 2010, the FDIC sued the directors of Heritage Community Bank for $20 million. The bank was closed in 2009. AABD is opposed to ... Read More »