Archive for February, 2010
Friday, February 26th, 2010
Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. became the third liquidation of a federally insured credit union this year.
The NCUA on Friday liquidated Mutual Diversified Employees Federal Credit Union of Santa Ana, Calif. and its assets were purchased by SchoolsFirst Federal Credit Union in the same city.
Mutual ...
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Friday, February 26th, 2010
Rainier Pacific Bank, Tacoma, Washington, was the 22nd FDIC victim of 2010. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $95.2 million.
Carson River Community Bank, Carson City, Nevada, was closed today by the Nevada Department of Business and Industry, Financial Institutions Division, which appointed ...
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Friday, February 26th, 2010
Carson River Community Bank was one of two ailing banks who's lights were put out by the FDIC, making it the 21 victim of the year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.9 million.
Carson River Community Bank, Carson City, Nevada, was closed ...
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Thursday, February 25th, 2010
Friendship Community Federal Credit Union of Clarksdale, Miss.became the second liquidated federally insured credit union of 2010.
The NCUA liquidated the Friendship Commfor friendship community Federal credit Unionunity Federal Credit Union of Clarksdale, Miss. today and its assets were purchased by Shreveport Federal Credit Union of Shreveport, La.
Friendship Community FCU had ...
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Friday, February 19th, 2010
La Jolla Bank, FSB, La Jolla, California, is the 20th FDIC-insured institution to fail in the nation this year, at a whopping estimated cost of $882.3 million to the Deposit Insurance Fund (DIF).
La Jolla Bank, FSB, La Jolla, California, was closed today by the Office of Thrift Supervision, which appointed ...
Posted in FDIC FAILED BANKS | 1 Comment »
Friday, February 19th, 2010
George Washington Savings Bank, is the 19th FDIC-insured institution to fail in the nation this year, at an estimated cost of $141.4 million to the Deposit Insurance Fund (DIF).
George Washington Savings Bank, Orland Park, Illinois, was closed today by the Illinois Department of Financial Professional Regulation – Division of Banking, ...
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Friday, February 19th, 2010
La Coste National Bank, La Coste, Texas, becomes the 18 FDIC insured bank shattered by the agency in 2010. the cost to the agencies Insurance Defense Fund (DIF) is estimated to be a relatively modest $3.7 million.
The La Coste National Bank, La Coste, Texas, was closed today by the Office ...
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Friday, February 19th, 2010
Marco Community Bank, Marco Island, Florida, becomes the 17th FDIC insured institution to go belly up in the nation in 2010. The FDIC estimates that a hit to its deposit insurance fund (DIF) well-be $38.1 million.
Marco Community Bank, Marco Island, Florida, was closed today by the Florida Office of ...
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Monday, February 8th, 2010
In a sign of the times another ailing credit union was removed from life support by NUCA.
In a NCUA supervisory merger, the $4.8 billion America First Federal Credit Union has taken over the $50 million Mountain High FCU of Provo, Utah.
America First of Riverdale, Utah had been providing management assistance ...
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Friday, February 5th, 2010
1st American State Bank of Minnesota, Hancock, Minnesota is the 16th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) will be $3.1 million.
1st American State Bank of Minnesota, Hancock, Minnesota was closed today by the Minnesota Department of Commerce, ...
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