Archive for October, 2009
Friday, October 23rd, 2009
First DuPage Bank, Itasca, Illinois, is the 106th FDIC-insured institution to fail in the Nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $59 million.
First DuPage Bank, Westmont, Illinois, was closed today by the Illinois Department of Financial & Professional Regulation – Division of Banking, ...
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Friday, October 23rd, 2009
Riverview Community Bank, Otsego, Minnesota is FDIC insured number 105 to bite the dust in 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $20 million.
Riverview Community Bank, Otsego, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation ...
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Friday, October 23rd, 2009
While the FDIC was busy closing its 106 bank on the year the National Credit Union Administration (NCUA) placed First Delta Credit Union of Marks, Mississippi, into conservatorship.
The National Credit Union Administration assumed control of operations at First Delta Federal Credit Union of Marks, Mississippi. The National Credit Union Administration’s goal ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Friday, October 23rd, 2009
American United Bank, Lawrenceville, Georgia becomes the FDIC's 101st victim of 2009. The agency estimates that the cost to it's Deposit Insurance Fund (DIF) will be $44 million. Ameris Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's DIF compared to alternatives. American United Bank ...
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Friday, October 23rd, 2009
Flagship National Bank, Bradenton, Florida, was is the 103rd FDIC-insured institution to fail in the Nation this year, and the third in Florida tonight. The FDIC estimates that it's Deposit Insurance Fund (DIF) will be $59 million lighter after the takedown of Flagship National Bank.
Flagship National Bank, Bradenton, Florida, was closed ...
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Friday, October 23rd, 2009
Hillcrest Bank Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Hillcrest Bank Florida is the 102nd FDIC-insured institution to fail in the Nation this year, and the second in Florida tonight so far. It's also ...
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Friday, October 23rd, 2009
Partners Bank, Naples, Florida, makes it an even 100 on the year. The Office of Thrift Supervision, closed the troubled bank, then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Stonegate Bank, Fort Lauderdale, Florida, Assumes All of the Deposits. The FDIC estimates a $28.6 million hit to the ...
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Friday, October 16th, 2009
San Joaquin Bank, Bakersfield, California, became and 10th failed bank in that state and made it one shy of 100 for the year nationwide. All deposits were assumed by Citizens Business Bank, Ontario, California. The cost to the Deposit Insurance Fund (DIF) will be $103 million, according to ...
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Friday, October 16th, 2009
Sterling financial Corp was rocked with a cease-and-desist order from FDIC, resulting in a shakeout of upper management.
The bank must now raise additional capital and shore up financial buffers against the rising tide of nonperforming loans.
Sterling Financial Corp., the parent company of Washington’s second largest bank, announced a management shakeup ...
Posted in FDIC CEASE AND DESIST | 1 Comment »
Friday, October 2nd, 2009
Southern Colorado National Bank, Pueblo, Colorado, became the 98th FDIC-insured institution to fail this year, and the third in Colorado. The agency estimates damages to the Deposit Insurance Fund (DIF) will be about $6.6 million.
Southern Colorado National Bank, Pueblo, Colorado, was closed today by the Office of the Comptroller of ...
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