Paul Hastings Advises American Home Bank in its Voluntary Dissolution
New York, NY -
Paul, Hastings, Janofsky & Walker LLP, a leading global law firm, announced today that the firm advised American Home Bank on bank regulatory matters in connection with its recent voluntary dissolution.
American Home Bank was a Chicago-based subsidiary of American Home Mortgage Investment Corporation, which was once among the leading mortgage lenders in the country before it filed for Chapter 11 bankruptcy. The Bank was successfully run throughout the bankruptcy of its parent shareholder and ultimately was liquidated to the benefit of the bankruptcy estate. The liquidation of the Bank was accomplished through asset sales, deposit run-offs and branch closings in accordance with a liquidation plan approved by its primary federal regulator and approval terminating its deposit insurance issued by the FDIC. A liquidating trust has now been established to address any unknown contingent liabilities.
Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.