Archive for April, 2010
Friday, April 16th, 2010
Butler Bank, Lowell, Massachusetts, is the 47th FDIC-insured institution to fail in the nation this year, and the first in Massachusetts. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.9 million.
Butler Bank, Lowell, Massachusetts, was closed today by the Massachusetts Division of Banks, which ...
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Friday, April 16th, 2010
Riverside National Bank of Florida, Fort Pierce, FL, is the 46th at FDIC insured institution to implode in the nation this year.The agency estimates that the cost to its Deposit Insurance Fund (DIF) will be $491.8 million.
TD Bank, National Association (N.A.), Wilmington, Delaware, acquired the banking operations, including all ...
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Friday, April 16th, 2010
First Federal Bank of North Florida, Palatka Florida, becomes FDIC implosion number 45 at an estimated cost of $6 million to the Deosit Insurance Fund.
TD Bank, National Association (N.A.), Wilmington, Delaware, acquired the banking operations, including all the deposits, of three Florida-based institutions. To protect depositors, the Federal Deposit Insurance ...
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Friday, April 16th, 2010
AmericanFirst Bank, Clermont Florida, becomes the 44th FDIC backed bank to implode this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for AmericanFirst Bank will be $10.5 million.
TD Bank, National Association (N.A.), Wilmington, Delaware, acquired the banking operations, including all the deposits, of three Florida-based ...
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Friday, April 16th, 2010
The 43rd FDIC insured sick-oh- bank is Lakeside Community Bank, Sterling Heights, Michigan. The agency estimates that the cost of the failure to its Deposit Insurance Fund will be approximately $11.2 million.
The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Lakeside Community Bank, Sterling Heights, ...
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Friday, April 9th, 2010
Beach First National Bank, Myrtle Beach, South Carolina, becomes the 42nd FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $130.3 million.
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of ...
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