Archive for September, 2009
Wednesday, September 30th, 2009
The Nevada Division of Financial Institution has closed Clearstar Financial Credit Union, appointing United Federal Credit Union as liquidating agent.
The National Credit Union Administration (NCUA) today accepted appointment as liquidating agent of Clearstar Financial Credit Union, in Reno Nevada, following the Nevada Division of Financial Institution’s decision to close the ...
Posted in CREDIT UNION FAILURES | No Comments »
Tuesday, September 29th, 2009
By Teri Buhl for BankImplode.com
The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s ...
Posted in BREAKING NEWS! | 1 Comment »
Friday, September 25th, 2009
Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, making it the 95th FDIC victim of the year and the 19th in Georgia.
Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation ...
Posted in FDIC FAILED BANKS | No Comments »
Thursday, September 24th, 2009
Following in the footsteps of two recent credit union closures, NCUA took into voluntary conservatorship Keys Federal Credit Union of Key West, Florida.
The NCUA placed Keys Federal Credit Union of Key West, Florida into conservatorship today.
The 13,000-member credit union with assets of $180,000, had a 22.5% decline in assets during the ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Tuesday, September 22nd, 2009
The National Credit Union Administration has closed its sixth ailing credit Union tonight. Comunidades Federal Credit Union of Los Angeles, California, will see the majority of its accounts taken over by Water and Power Community Credit Union.
The NCUA announced yesterday that it has closed Comunidades Federal Credit Union of Los Angeles ...
Posted in CREDIT UNION FAILURES | No Comments »
Tuesday, September 22nd, 2009
The FDIC issued a wait and hold everything order to First Mariner Bank of Baltimore, Maryland.
In a Form 8-K last night, First Mariner Bank, the wholly-owned bank subsidiary of First Mariner Bancorp (Nasdaq: FMAR) reports that it has agreed with the FDIC and The Maryland Division of Financial Regulation to ...
Posted in FDIC CEASE AND DESIST | No Comments »
Tuesday, September 22nd, 2009
Bank of America is taking the hard line at every turn with the government whose citizens saved it. The bank is the recent recipient of a two bagger of cash transfusion from the taxpayer, in one arm went $45 billion under TARP and in the other arm was a $118 ...
Posted in Bank Bailout Count, BREAKING NEWS! | 1 Comment »
Sunday, September 20th, 2009
This old geyser tried to take a little back. Too bad he got caught.
Think of it this way, the money he could not repay came from thin air, the cash he stole was just Federal Reserve notes, not US dollars, but by not repaying the fictional money he is going ...
Posted in BREAKING NEWS! | No Comments »
Friday, September 18th, 2009
Irwin Union Bank and Trust Company, Columbus, Indiana, has closed its doors by order of the FDIC.
First Financial Bank, National Association, Hamilton, Ohio, got a mouthful tonight when it assumed all deposits of both Irwin Union Bank, F.S.B., Louisville, Kentucky and Irwin Union Bank and Trust Company, Columbus, Indiana. The ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, September 18th, 2009
Irwin Union Bank, F.S.B., Louisville, Kentucky, has closed its doors by order of the FDIC, making it number 94 this year.
First Financial Bank, National Association, Hamilton, Ohio, got a mouthful tonight when it is assumed all deposits of both Irwin Union Bank, F.S.B., Louisville, Kentucky and Irwin Union Bank and Trust ...
Posted in FDIC FAILED BANKS | No Comments »
