Federal Trust Corp. in Sanford, Fla., could fail if it cannot close its sale to Hartford Financial Services Group Inc. by Friday, according to an order from the Office of Thrift Supervision.
But Dennis Ward, Federal Trust's chairman, president and CEO, said in an interview that he does not expect the deal to fall through, and that he is not overly concerned about the regulatory order. "I don't see it as a significant issue at all," he said.
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