River Bank America, a suburban New York City bank, reported an $11.8 million loss for its fourth quarter ended June 30 and a $24.4 million loss for its fiscal year, after a dispute with regulators over the value of some of the bank's assets.

Officials at the New Rochelle, N.Y., bank attributed the quarterly loss to the writedown of $9.8 million in foreclosed real estate, largely due to recently completed exams by New York State and the Federal Deposit Insurance Corp.

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