Archive for August, 2009

Community Bank of Nevada, Las Vegas, NV

Saturday, August 15th, 2009

Community Bank of Nevada, Las Vegas, NV, became one of the 77 bank closures of 2009 when the FDIC closed it today. Community Bank of Nevada, Las Vegas, Nevada, was closed today by the State Commissioner, by Order of the Nevada Financial Institutions Division, which then appointed Federal Deposit Insurance Corporation ...

Union Bank, National Association, Gilbert, AZ

Saturday, August 15th, 2009

Union Bank, National Association, Gilbert, AZ, became one of the 77 bank closures of 2009 when it was closed by the FDIC today. Union Bank, National Association, Gilbert, Arizona, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

Community Bank of Arizona, Phoenix, AZ

Saturday, August 15th, 2009

Community Bank of Arizona, Phoenix, AZ, became today one of the 77 bank closures of 2009 when it was closed by the FDIC. Community Bank of Arizona, Phoenix, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect ...

Colonial Bank, Montgomery, AL

Friday, August 14th, 2009

Colonial Bank, Montgomery, Alabama, became one of the 77 banks to get hit by the FDIC t in 2009. Regulators have now shuttered the bank. Colonial Bank, Montgomery, Alabama, was closed today by the Alabama State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the ...

Dwelling House Savings and Loan Association, Pittsburgh, PA

Friday, August 14th, 2009

Dwelling House Savings and Loan Association, Pittsburgh, PA, became the 73rd bank closed by the FDIC in 2009 when regulators shuttered the institution today. Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

Community One FCU Las Vegas, NV

Wednesday, August 12th, 2009

The NCUA announced today that it had closed down Community One FCU of Las Vegas and its assets and shares were purchased by America First FCU. America First Federal Credit Union is a full service institution. It has $4.9 billion in assets and serves approximately 495,939 members in and around the ...

Community First Bank, Prineville, OR

Friday, August 7th, 2009

Community First Bank, Prineville, OR, became the 72nd FDIC-insured bank to fail in 2009 when regulators shuttered the company today. Community First Bank, Prineville, Oregon, was closed today by the Oregon Division of Finance & Corporate Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, ...

Community National Bank of Sarasota County, Venice, FL

Friday, August 7th, 2009

The 71st FDIC bank failure of 2009 became the sixth in the sunshine state tonight as regulators shuttered Community National Bank of Sarasota County, Venice, FL. Community National Bank of Sarasota County, Venice, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit ...

First State Bank, Sarasota, FL

Friday, August 7th, 2009

The FDIC remains on the prowl tonight after closing First State Bank, Sarasota, FL, without warning. The stealthy takedown made First State Bank the 70th of 2009 and the fifth in Florida. First State Bank, Sarasota, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit ...

Is it Time To Short Wells Again? By Teri Buhl

Friday, August 7th, 2009

by Teri Buhl for BankImplode.com The smart money has turned bearish on Wells Fargo again. Yesterday, rapid put volume and big block buys on the September 26 strike price had hedgies buzzing. On Thursday, WFC traded 87,500 calls against 194,000 puts for a 2.20:1 put/call ratio. That type of unusually high ...