Archive for January, 2010
Friday, January 22nd, 2010
The fifth bank failure of the new year is Premier American Bank, Miami, Florida. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $85 million.
Premier American Bank, Miami Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, January 15th, 2010
Barnes Banking Company, Kaysville, Utah became the fourth FDIC insured institution to fail in 2010. the FDIC created the Deposit Insurance National Bank of Kaysville (DINB), to assume the role of acquiring institution at an estimated cost to the FDIC's Deposit Insurance Fund of $271.3 million.
Barnes Banking Company, Kaysville, Utah, ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, January 15th, 2010
The third Bank on the FDIC hit list of 2010 is St. Stephen State Bank, St. Stephen, Minnesota. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.2 million.
St. Stephen State Bank, St. Stephen, Minnesota, was closed today by the Minnesota Department of Commerce, which ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, January 15th, 2010
Town Community Bank and Trust, Antioch, Illinois was closed by the FDIC tonight becoming the second bank to be shuttered by the agency in the new year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.8 million.
Town Community Bank and Trust, Antioch, Illinois, was ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, January 8th, 2010
After two weeks of inactivity the FDIC eased into action in 2010 closing only one bank on the first business Friday of the new year. The distinction of being first to fold in the year goes to Horizon Bank, Bellingham, Washington. The FDIC estimates that the cost to the Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, January 8th, 2010
Self-Help Credit Union will help the depositors of Kern Central Credit Union of Bakersfield, California, by assuming the assets and liabilities of the ailing credit union. The National Credit Union Administration, acting as the liquidating agent of Kern made the announcement today.
The National Credit Union Administration (NCUA) was today appointed ...
Posted in CREDIT UNION FAILURES | No Comments »
