Archive for March, 2010
Friday, March 5th, 2010
Lawrence County School Employees Federal Credit Union New Castle, Pa. became the fourth liquidation of a federally insured credit union this year.
NCUA announced this afternoon that it has liquidated the $2.5 million Lawrence County School Employees Federal Credit Union, which had been headquartered in New Castle, Pa.
At the time of ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, March 5th, 2010
Centennial Bank, Ogden, Utah, failed today when the FDIC approved the payout of insured deposits. It is the 26th FDIC-insured institution to fail this year. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $96.3 million.
The Federal Deposit Insurance Corporation (FDIC) approved the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, March 5th, 2010
Bank of Illinois, Normal, IL becomes the 24th FDIC-insured institution to fail in 2010,at an estimated cost to the Deposit Insurance Fund (DIF) will be $53.7 million.
Bank of Illinois, Normal, Illinois, was closed today by the Illinois Department of Financial Professional Regulation – Division of Banking, which appointed the Federal ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, March 5th, 2010
Sun American Bank, Boca Raton, Florida, became the 23rd FDIC-insured institution to fail in 2010,at an estimated cost to the Deposit Insurance Fund (DIF) will be $103.8 million.
Sun American Bank, Boca Raton, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation ...
Posted in FDIC FAILED BANKS | No Comments »
Tuesday, March 2nd, 2010
Steve Dibert
I have been rereading Frank Herbert’s science fiction masterpiece, Children of Dune and I came across this interesting passage from the Bene Gesserit Sisterhood:
“Governments, if they endure, always tend increasingly toward aristocratic forms. No government in history has been known to evade the pattern. And as the aristocracy develops, ...
Posted in BREAKING NEWS! | No Comments »
