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Wrong Edith Gray?

Edith Gray

HQ Phone: (214) 922-6000

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Federal Reserve Bank of Dallas

2200 North Pearl Street

Dallas, Texas 75201

United States

Company Description

The Dallas Fed improves the Bureau of Labor Statistics' (BLS) payroll employment estimates for Texas by incorporating preliminary benchmarks into the data in a more timely manner and by using a two-step seasonal adjustment technique. Texas metropolitan ar ... more

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Background Information

Employment History

Senior Ombudsman Specialist and Risk Management Examiner

Federal Deposit Insurance Corporation

Web References (2 Total References)

Edith Gray, a spokeswoman ... [cached]

Edith Gray, a spokeswoman for the FDIC, said, "The problems here arose from commercial real estate loans and acquisition and development lending and the economy.

"With the soft real estate market we are in, a lot of those loans were not able to be repaid which consequently caused the bank's capital to be eroded," Gray said.
Friday night, the closed bank was abuzz with activity, as officers from the FDIC carried in boxes of computers that Gray said would be used to complete the transaction.

Bank Fraud [cached]

On Monday, La Jolla Bank's branches will open as OneWest, and depositors should see no difference in service, said Edith Gray, a spokeswoman for the FDIC, who was in Rancho Santa Fe Friday.

Gray said the bank may also have also been making fraudulent loans, but she said she couldn't elaborate further. A spokesman for the Office of Thrift Supervision, which would oversee a fraud investigation, declined to comment.
The closure itself went smoothly, Gray said. Many of the bank's employees have stayed on to work with regulators through the weekend. Officials have to wrap up any outstanding transactions in all branches to ensure an easy transition to OneWest. Even at the start, employees took the entrance of regulators calmly.
"There was no drama," Gray said. "It's been a very smooth transition."

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