A federal judge in Michigan has put a damper on Stanford C. Stoddard's bid to get back into the banking business.

The judge last week threw out Mr. Stoddard's lawsuit alleging discrimination against the Federal Deposit Insurance Corp. for denying deposit insurance to his proposed start-up bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.