In the first settlement of a regulatory goodwill lawsuit, the government has reached a $39 million deal with Statesman Group, the parent of a failed Iowa thrift.

Sources familiar with the deal said the government will pay $9 million in cash and forfeit $30.1 million in Statesman preferred stock that the Federal Deposit Insurance Corp. has held since the 1989 seizure of the company's Des Moines thrift, Statesman Bank for Savings.

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