Archive for May, 2010

Sun West Bank, Las Vegas, Nevada

Friday, May 28th, 2010

Sun West Bank, Las Vegas, Nevada, becomes the 78th FDIC casualty of 2010 tonight, The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $96.7 million. Sun West Bank, Las Vegas, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance ...

Granite Community Bank, N.A., Granite Bay, California

Friday, May 28th, 2010

Granite Community Bank, N.A., Granite Bay, California, becomes the 77th FDIC casualty of 2010 tonight, The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.3 million. Granite Community Bank, N.A., Granite Bay, California, was closed today by the Office of the Comptroller of the Currency, which ...

Bank of Florida – Tampa Bay, Tampa, FL

Friday, May 28th, 2010

Bank of Florida - Tampa Bay, Tampa, FL, was one of three Florida banks fed to EverBank, Jacksonville, Florida by the FDIC tonight, bringing the total number of banks closed to 76 on the year. The agency estimates that estimates that the cost to the Deposit Insurance Fund (DIF) for ...

Bank of Florida – Southwest, Naples, FL

Friday, May 28th, 2010

Bank of Florida - Southwest, Naples, FL, was one of three Florida banks fed to EverBank, Jacksonville, Florida by the FDIC tonight, bringing the total number of banks closed to 76 on the year. The agency estimates that estimates that the cost to the Deposit Insurance Fund (DIF) for Bank ...

Bank of Florida – Southeast, Ft. Lauderdale, FL

Friday, May 28th, 2010

Bank of Florida - Southeast, Ft. Lauderdale, FL was one of three Florida banks fed to EverBank, Jacksonville, Florida by the FDIC tonight, bringing the total number of banks closed to 76 on the year. The agency estimates that estimates that the cost to the Deposit Insurance Fund (DIF) for ...

A Return to California Über Alles?

Sunday, May 23rd, 2010

Steve Dibert, MFI-Miami Many of you youngsters weren’t around to remember the punk movement of the late 1970s and early 1980s which brought great artists like the Sex Pistols, The Ramones, and the Dead Kennedys.   So, please indulge me while I reminisce about the music that made me the sarcastic and ...

Pinehurst Bank, St. Paul, Minnesota

Friday, May 21st, 2010

Pinehurst Bank, St. Paul, Minnesota, comes in at number 73 of the FDIC's most hated hurting banks of 2010. The agency slammed the doors on the ailing bank tonight at an estimated cost to the Deposit Insurance Fund (DIF) will be $6.0 million. Pinehurst Bank, St. Paul, Minnesota, was closed today by the ...

Midwest Bank and Trust Company, Elmwood Park, Illinois

Friday, May 14th, 2010

Midwest Bank and Trust Company, Elmwood Park, Illinoisis, the 72nd FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $216.4 million. Midwest Bank and Trust Company, Elmwood Park, Illinois, was closed today by the Illinois Department of Financial Professional Regulation ...

Southwest Community Bank, Springfield, Missouri, was

Friday, May 14th, 2010

Southwest Community Bank, Springfield, Missouri, was the 71st FDIC institution closed in 2010. The agency closed the ailing bank at an estimated cost of $29.0 million  to it's Deposit Insurance Fund (DIF). Southwest Community Bank, Springfield, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance ...

New Liberty Bank, Plymouth, Michigan

Friday, May 14th, 2010

New Liberty Bank, Plymouth, Michigan, became the 70th ailing bank to fail in 2010 after the FDIC closed it's doors tonight. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.0 million. New Liberty Bank, Plymouth, Michigan, was closed today by the Michigan Office of Financial ...