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BofA Ordered To Pay FDIC $540M For Underpaid Premiums

By Dorothy Atkins · April 14, 2025, 8:32 PM EDT

A Washington, D.C., federal court has ruled that Bank of America must pay the Federal Deposit Insurance Corp. more than $540 million plus interest for underpaying its deposit insurance premiums, ending...

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Documents

Memorandum and opinion

Case Information

Case Title

FEDERAL DEPOSIT INSURANCE CORPORATION v. BANK OF AMERICA, N.A.

Case Number

1:17-cv-00036

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Date Filed

January 09, 2017

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