The Federal Deposit Insurance Corp. tentatively has settled two lawsuits filed against the agency by William A. Brandt Jr., trustee for defunct Southeast Banking Corp. in Miami.

Details of the settlement were not released, but Mr. Brandt said creditors will receive up to $160 million. Other sources, however, said the actual figure will be closer to $80 million.

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.