FDIC sues former bank over cow-leasing scheme

Government seeks $11 million it says was lost due to the scheme

The Federal Deposit Insurance Co. (FDIC) has a beef with an insurer.

The governmental agency has filed suit on behalf of the now-defunct New Frontier Bank in Colorado, claiming the former lender was “wrongly denied” insurance coverage by its insurer, Kansas Bankers Surety Co.


Cathleen Flahardy

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