Archive for May, 2010
Friday, May 14th, 2010
Satilla Community Bank, Saint Marys, Georgia, was number 69 on the FDIC hit list for the year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.3 million.
Satilla Community Bank, Saint Marys, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, May 12th, 2010
Steve Dibert, MFI-Miami
While driving to Miami last week, I began receiving phone calls from homeowners telling me they were receiving calls from Bank of America trying to convince them to modify their loan.
At first, I thought nothing of it until multiple homeowners began telling me the same thing. They had ...
Posted in BREAKING NEWS! | No Comments »
Friday, May 7th, 2010
1st Pacific Bank of California, San Diego, California, became the 68th bad bank shut down by the FDIC this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $87.7 million.
1st Pacific Bank of California, San Diego, California, was closed today by the California Department of ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, May 7th, 2010
Towne Bank of Arizona,Mesa, Arizona is the 67th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.8 million.
Towne Bank of Arizona, Mesa, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, May 7th, 2010
Access Bank, Champlin, Minnesota, is the 66th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the hit to the Deposit Insurance Fund (DIF) will be $5.5 million.
Access Bank, Champlin, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, May 7th, 2010
The Bank of Bonifay, Bonifay, Florida, makes it to number 65 on the FDIC's most hated list of 2010. The agency clamped down on the ailing institution at an estimated cost to the Deposit Insurance Fund (DIF) of $78.7 million.
The Bank of Bonifay, Bonifay, Florida, was closed today by the ...
Posted in FDIC FAILED BANKS | No Comments »
