Archive for December, 2009
Friday, December 18th, 2009
First Federal Bank of California, Santa Monica, California is the 140th FDIC-insured institution to fail in the nation this year, and the FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $146.3 million.
First Federal Bank of California, a Federal Savings Bank, Santa Monica, California, was closed ...
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Friday, December 18th, 2009
The 139th FDIC-insured institution to fail in the nation this year is Imperial Capital Bank, La Jolla, California. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $619.2 million.
Imperial Capital Bank, La Jolla, California, was closed today by the California Department of Financial Institutions, which ...
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Friday, December 18th, 2009
The FDIC shuttered Independent Bankers' Bank, Springfield, Illinois, but takers were scarce so the agency created a bridge bank for the purpose. The agency estimates that the cost to the Deposit Insurance Fund will be $68.4 million.
The Federal Deposit Insurance Corporation (FDIC) created a bridge bank to take over the ...
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Friday, December 18th, 2009
New South Federal Savings Bank, Irondale, Alabama is the 137th FDIC-insured institution to fail in the nation this year, and the agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $212.3 million.
New South Federal Savings Bank, Irondale, Alabama, was closed today by the Office of ...
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Friday, December 18th, 2009
Citizens State Bank, New Baltimore, Michigan the 136th bank to fail this year and the fourth in Michigan. The cost to the FDIC's Deposit Insurance Fund is estimated to be $76.6 million.
To protect the depositors, The agency was forced to create a temporary depositors insurance fund.
Citizens State Bank, New Baltimore, ...
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Friday, December 18th, 2009
Peoples First Community Bank, Panama City, Florida becomes the 135th FDIC failure of 2009 at an estimated cost to the Deposit Insurance Fund (DIF) of around $556.7 million.
Peoples First Community Bank, Panama City, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation ...
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Friday, December 18th, 2009
RockBridge Commercial Bank, Atlanta Georiga is the 134th FDIC-insured institution to fail this year and the
first one that the agency was unable to find a buyer for. So, depositers will be getting a check in the mail for Christmass. The agency estimates the cost of the failure to its Deposit ...
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Saturday, December 12th, 2009
SolutionsBank, Overland Park, Kansas is tax-payer enemy number 133 as the FDIC-shut down the failing bank tonight at an estimated cost to the Deposit Insurance Fund (DIF) of $121.1 million. It is the third insured institution to fail in Kansas this year.
SolutionsBank, Overland Park, Kansas, was closed today by the ...
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Saturday, December 12th, 2009
Valley Capital Bank, National Association, Mesa, Arizona, is the 132nd FDIC-insured institution to fail in the nation this year, and the forth in Arizona. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.4 million.
Valley Capital Bank, National Association, Mesa, Arizona, was closed today by ...
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Saturday, December 12th, 2009
Republic Federal Bank, National Association, Miami, Florida, became the FDIC's 131st casuality of 2009 tonoght. The agancy estimates that the cost to the Deposit Insurance Fund (DIF) will be $122.6 million.
Republic Federal Bank, National Association, Miami, Florida, was closed today by the Office of the Comptroller of the Currency (OCC), ...
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