The company started taking US$5,000 customer deposits at that time.

They are authorized to take in customer deposits and to establish savings accounts.

Some go out of business in a snap, often taking customer deposits with them.

It said customer deposits had been held in a trust account for 21 years.

Computer system glitches led to lost customer deposits and bounced checks.

In 2008 the bank held customer deposits of £285 million.

"They collected $5 billion in customer deposits at the time of the crisis, and those monies were flowing out," he said.

The company is authorized to take in customer deposits and to establish savings accounts.

Beal Bank assumed management and operations with no loss of customer deposits.

As of 2010, the bank's market share of customer deposits in Morocco was 27 percent.