BRIEF-US FDIC: financial institutions required to meet contractual obligations with bridge banks

US Federal Deposit Insurance Corporation:

* FDIC: FINANCIAL INSTITUTIONS ARE REQUIRED TO MEET CONTRACTUAL OBLIGATIONS WITH BRIDGE BANKS

* FDIC: BRIDGE BANKS OBLIGATED TO AND HAVE FULL ABILITY TO MAKE TIMELY PAYMENTS TO VENDORS AND COUNTERPARTIES AND OTHERWISE PERFORM OBLIGATIONS UNDER CONTRACT Further company coverage: