Archive for December, 2009

Greater Atlantic Bank, Reston, Virginia

Saturday, December 5th, 2009

Greater Atlantic Bank, Reston, Virginia, is the 130th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $35 million. Greater Atlantic Bank, Reston, Virginia, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation ...

Benchmark Bank, Aurora, Illinois

Saturday, December 5th, 2009

Benchmark Bank, Aurora, Illinois comes in at number 129 on the FDIC beat down list of 2009. The agency estimates that the hit to the Deposit Insurance Fund (DIF) will be $64 million. Benchmark Bank, Aurora, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which appointed ...

AmTrust Bank, Cleveland, Ohio,

Saturday, December 5th, 2009

AmTrust Bank, Cleveland, Ohio, was 128th FDIC insured causality of 2009. The agency stepped in to prop up the failing bank at a whopping $2.0 billion estimated cost to the Deposit Insurance Fund (DIF). AmTrust Bank, Cleveland, Ohio, was closed today by the Office of Thrift Supervision, which appointed the Federal ...

Tattnall Bank, Reidsville, Georgia

Saturday, December 5th, 2009

Tattnall Bank, Reidsville, Georgia, became the 127th FDIC insured casuality of 2009. The agency closed the battered bank and estimated a cost to the Deposit Insurance Fund (DIF) will be $13.9 million. The Tattnall Bank, Reidsville, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the ...

First Security National Bank, Norcross, Georgia

Friday, December 4th, 2009

The FDIC shuttered First Security National Bank, Norcross, Georgia, making it the 126th insured institution to fail in 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.1 million. First Security National Bank, Norcross, Georgia, was closed today by the Office of the Comptroller of ...

Buckhead Community Bank, Atlanta, Georgia

Friday, December 4th, 2009

The Buckhead Community Bank, Atlanta, Georgia, comes in at FDIC number 125 tonight. The bank's deposits were turned over to tate Bank and Trust Company, Macon, Georgia. The FDIC estimates a hit of about $214 million to it's Deposit Insurance Fund (DIF). The Buckhead Community Bank, Atlanta, Georgia, was closed today by the ...