FDIC payouts to uninsured depositors vary among banks that fail, The Kansas City Star

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August 30, 2008
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The Kansas City Star, August 30, 2008

Peter Weinstock , who heads the firm’s financial institutions, corporate and regulatory group, commented on California-based IndyMac Bank that failed last month, saying, "It’s surprising that IndyMac, in light of its assets that you would think would be most vulnerable to write-downs would result in a payout to uninsured depositors."

Weinstock is a partner in the Dallas office. His practice focuses on corporate and regulatory representation of small ($10-15 million) to mid-size (several billion dollars) financial institutions.

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