the govt robbed UWBK.. they ignored their requests at recapitalization, and had winning bidder for the bank as early as january 18th 2011. this means they seized the bank AFTER they had already bid it out, as the bank was seized on jan 21.
page 40 shows UWBK's letter to gov't on dec 30th 2010 asking why they havnt reviewd or responded to recapitalization deal, and it had already been on gov'ts desk for review for 2 months! page 42 shows winning bidder on jan 18th 2011 page 48 is a letter drafted jan 20th, 1 day before seizure, restating how they are in compliance and protecting investors by addressing liquidity and capital
the government totally ignored the deal and had planned to sell the bank without even looking at the recapitalization plan... on dec 30, 2010 UWBK is asking them AGAIN to look at it or even respond.... on jan 18th, 2011 (just 20 days later) FDIC confirms the bank has a winning bidder, seizes the bank on jan 21st, and reopens some branches on jan 24th as first citizens.
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