Archive for January, 2010

American Marine Bank, Bainbridge Island, Washington

Friday, January 29th, 2010

American Marine Bank, Bainbridge Island, Washington, is the 15th FDIC-insured institution to fail in the nation this year. The FDIC closed the ailing bank at an estimated cost of $58.9 million to the Deposit Insurance Fund (DIF). American Marine Bank, Bainbridge Island, Washington, was closed today by the Washington Department of ...

First Regional Bank, Los Angeles, California

Friday, January 29th, 2010

First Regional Bank, Los Angeles, California becomes FDIC victim number 14 of the new year already. First Regional Bank, Los Angeles, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a ...

Community Bank and Trust, Cornelia, Georgia

Friday, January 29th, 2010

Community Bank and Trust, Cornelia, Georgia, becomes unlucky number 13 of the new year. Community Bank and Trust, Cornelia, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase ...

Marshall Bank, National Association, Hallock, Minnesota

Friday, January 29th, 2010

Marshall Bank, National Association, Hallock, Minnesota, becomes the 12th FDIC insured institution to close in 2010. Marshall Bank, National Association, Hallock, Minnesota, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered ...

Florida Community Bank, Immokalee, Florida

Friday, January 29th, 2010

Florida Community Bank, Immokalee, Florida, is the 11th FDIC victim of 2010. The agency estimates that the cost to its deposit insurance fund (DIF) will be $352.6 million. Florida Community Bank, Immokalee, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation ...

First National Bank of Georgia, Carrollton, Georgia

Friday, January 29th, 2010

The 10th little Indian of 2010 is First National Bank, Carrollton Georgia. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $260.4 million. First National Bank of Georgia, Carrollton, Georgia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal ...

Columbia River Bank, The Dalles, Oregon

Friday, January 22nd, 2010

Columbia River Bank, The Dalles, Oregon, is the ninth FDIC-insured institution to fail in the nation this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $172.5 million. Columbia River Bank, The Dalles, Oregon, was closed today by the Oregon Division of Finance and Corporate ...

Evergreen Bank, Seattle, Washington

Friday, January 22nd, 2010

Evergreen Bank, Seattle, Washington, becomes the eighth 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 $64.2 million. Evergreen Bank Seattle, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal ...

Charter Bank, Santa Fe, New Mexico

Friday, January 22nd, 2010

Charter Bank, Santa Fe, New Mexico, becomes he seventh FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) will be $201.9 million. Charter Bank, Santa Fe, New Mexico, was closed today by the Office of Thrift Supervision, which appointed the Federal ...

Bank of Leeton, Leeton, Missouri

Friday, January 22nd, 2010

Bank of Leeton, Leeton, Missouri is the sixth FDIC-insured institution to fail in the nation this year, and the first in Missouri. Bank of Leeton, Leeton, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the ...