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Federal Deposit Insurance Corporation Appointed as Receiver of Franklin Bank, S.S.B. (GlobeNewswire via Yahoo! Finance) HOUSTON, Nov. 7, 2008 -- Franklin Bank, S.S.B. , the wholly-owned subsidiary of Franklin Bank Corp. , was closed today by the Texas Department of Savings and Mortgage Lending and the Federal Deposit Insurance Corporation was appointed as receiver of the Bank.
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