The Federal Deposit Insurance Corp. "properly" oversaw $25 billion-asset Colonial Bank in the 14 months leading up to its Aug. 14 failure, the agency's watchdog said this week.

Though most others reviews of the agency's supervision have found fault, the FDIC's inspector general noted the short period the agency had as the Alabama bank's primary overseer after taking over from the Office of the Comptroller of the Currency.

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.