Regulators in the five states have now seized the insurance companies.
The families did not come to an agreement, and regulators seized control of the bank.
For the third time this year, a major life insurance company has been seized by regulators.
The global operations of the bank were seized by regulators around the world in July.
Tension grew in the days just before the regulators seized the bank last summer.
International 2-6 A private banking empire was seized by financial regulators in seven countries.
There the regulators seized two institutions that had more than $500 million of regulatory capital left.
On August 14, 2009, the bank failed and its 346 branches were seized by regulators.
The company was seized by regulators in 1991 when it fell into insolvency.
The bank was seized by regulators in several countries on July 5 and is accused of widespread fraud.