Archive for March, 2010
Friday, March 19th, 2010
Advanta Bank Corp., Draper, Utah, makes it number 33 on the FDIC hit list this year. The agency estimates the cost of the failure to its Deposit Insurance Fund to be approximately $635.6 million.
The Federal Deposit Insurance Corp. (FDIC) approved the payout of the insured deposits of Advanta Bank Corp., Draper, ...
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Friday, March 19th, 2010
The beat goes on in Geoiga as the FDIC shutters Century Security Bank, Duluth, Georgia, tonight. The agency estimates that the hit to the Deposit Insurance Fund (DIF) will be $29.9 million. Century Security Bank is the 32nd FDIC-insured institution to fail in the nation this year, and the third ...
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Friday, March 19th, 2010
American National Bank, Parma, Ohio, be comes FDIC smack down number 31 on the year at a cost to the Deposit Insurance Fund (DIF) will be $17.1 million.
The FDIC estimates that the cost to the The National Bank and Trust Company's acquisition of all the deposits was the "least costly" ...
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Friday, March 12th, 2010
Park Avenue Bank, New York, New York is the 28th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) will be $50.7 million. The FDIC will acquire a cash appreciation instrument for it's troubles.
As part of the consideration for the ...
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Friday, March 12th, 2010
Statewide Bank, Covington, Louisiana, becomes the 30th FDIC insured institution to be closed by the agency in 2010. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $38.1 million.
Statewide Bank, Covington, Louisiana, was closed today by the Louisiana Office of Financial Institutions, which appointed the ...
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Friday, March 12th, 2010
Old Southern Bank, Orlando, Florida, was closed today by Florida regulators and passed off to the Federal Deposit Insurance Corporation (FDIC). It was the 29th FDIC closure this year. The estimated cost to the Deposit Insurance Fund (DIF) will be $94.6 million.
Old Southern Bank, Orlando, Florida, was closed today by ...
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Thursday, March 11th, 2010
LibertyPointe Bank, New York, New York was the 27th FDIC insured closed by the agency this year. In a rare occurrence the bank was shuttered on a Thursday. The estimated hit to the Deposit Insurance Fund (DIF) will be $24.8 million.
LibertyPointe Bank, New York, New York, was closed today by ...
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Tuesday, March 9th, 2010
Steve Dibert, MFI-Miami
Yesterday afternoon a client of mine and I had to call JP Morgan Chase about the whereabouts of his file MFI-Miami requested 2 months ago. After being told quite adamantly that my client would have to pay $10 per document we were requesting (that’s a subject for another ...
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Saturday, March 6th, 2010
Waterfield Bank, Germantown, Maryland, is the 25th bank to fail in the nation in 2010. The FDIC estimates that the cost to its Deposit Insurance Fund will be $51.0 million.
Waterfield Bank, Germantown, Maryland, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) ...
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Saturday, March 6th, 2010
Steve Dibert, MFI-Miami
Many of you may not know a dirty little secret that is only known to a handful of conspiracy theorists. In the mid 1980s, America was invaded by an alien race known as the Ferengi. The Ferengi are known for their Anarcho-capitalist society which everything revolves around profit ...
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