Archive for August, 2009
Monday, August 31st, 2009
Kaiser Lakeside Credit Union (Kaiser Lakeside) of Oakland, California was closed Friday by the by the California Department of Financial Institutions (DFI). National Credit Union Administration was appointed failed credit union's liquidating agent.
The second credit union in less than a week was closed on August 31, 2009. The ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, August 28th, 2009
In debt to the US Treasury itself, the FDIC managed to close Affinity Bank, Ventura, California, making it the 84th institution of 2009, and the ninth in California.
Affinity Bank, Ventura, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, August 28th, 2009
The 83rd FDIC-insured institution to fail this year is Mainstreet Bank, Forest Lake, Minnesota, which is also the second in Minnesota.
Mainstreet Bank, Forest Lake, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, August 28th, 2009
The 82nd bank faliure of the year is Bradford Bank, Baltimore, Maryland. All of the deposits of the failed institution are assumed by Manufacturers and Traders Trust Company, Buffalo, New York.
Bradford Bank, Baltimore, Maryland, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, August 26th, 2009
Bank of America continues to plod through the aftermath of the credit bubble burst like an old, overburdened pack mule. With red ink still dripping on the bridle, Bank of America pushed out a $3.2 billion second quarter profit, largely on the back of one time gains.
One-time items included ...
Posted in Bank Bailout Count, BREAKING NEWS! | No Comments »
Friday, August 21st, 2009
First Coweta, Newnan, Georgia was closed today by the Georgia Department of Banking and Finance, and handed over to the Federal Deposit Insurance Corporation (FDIC) tonight, making it the 79th FDIC-insured institution to fail this year. This also makes it the eighteenth in Georgia.
First Coweta, Newnan, Georgia was closed today ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, August 21st, 2009
Today ebank, Atlanta, GA, got it's bad news. It is the 78th FDIC-insured bank failure of 2009.
ebank, Atlanta, Georgia, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, August 19th, 2009
The 81st FDIC-insured institution to fail this year is Guaranty Bank, Austin, Texas. It is the second in Texas.
Guaranty Bank, Austin, TX was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase ...
Posted in FDIC FAILED BANKS | No Comments »
Tuesday, August 18th, 2009
Citigroup lingers in a limbo, caught in the cross currents of continuously re-balancing forces. The force of survival, with its impetus of taxpayer bail-outs, insider connections and drug money laundering by the trillions, threatened at every moment to be buried by an avalanche of imploding annihilative assets.
The reported $4.28 billion profit ...
Posted in BREAKING NEWS! | No Comments »
Monday, August 17th, 2009
The 80th bank to fail in 2009 is CapitalSouth Bank, Birmingham, AL. It also marks the second in Alabama.
CapitalSouth Bank, Birmingham, Alabama, was closed today by the Alabama State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a ...
Posted in FDIC FAILED BANKS | No Comments »
