Former officials of failed Iowa bank settle FDIC lawsuit

April 22, 2015 3:07 PM

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Former officials of a failed Sioux City-based bank have settled a lawsuit filed by federal regulators after the bank's collapse in 2009.

The Sioux City Journal reports (http://bit.ly/1yPwxgE ) that the $6.5 million settlement was paid by Vantus Bank's former insurer, Progressive Casualty Insurance Co., which also was party to the settlement earlier this month.

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