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[QUOTE="Queen, post: 85426, member: 27"]
Licenses got pulled after clean mergers, deposits stayed safe, and nobody went bust.

Licenses canceled after mergers
[LIST]
[*]Deposit Protection Corporation confirmed license withdrawals.
[*]FBC Building Society folded into its parent bank.
[*]ZB Building Society followed the same consolidation path.
[/LIST]
What happened at FBC
[LIST]
[*]FBC Holdings Limited got merger approval.
[*]Consolidation linked the society with FBC Bank Limited.
[*]License cancellation landed on December 30, 2025.
[*]Deposits rolled over without payout triggers.
[/LIST]
What happened at ZB
[LIST]
[*]ZB Financial Holdings pushed a one-bank structure.
[*]Assets covered depositor balances during the shift.
[*]Deposits moved into ZB Bank.
[/LIST]
Depositor protection angle
[LIST]
[*]Deposit coverage stayed active post-transfer.
[*]No insolvency flags tripped anywhere.
[*]Compensation rules never kicked in.
[/LIST]
Regulator stance going forward
[LIST]
[*]Oversight continues through the transition.
[*]Depositor rights stay front and center.
[*]Balance sheet strength is the stated goal.
[/LIST]
[/QUOTE]

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