Archive for October, 2010
Friday, October 29th, 2010
The Union Credit Union, Spokane , Washington, was closed by state regulators and given over to NUCA.
Citing losses caused by loan losses, Washington Department of Financial Institutions closed The Union Credit Union of Spokane and appointed the NCUA as liquidating agent.
The state agency approached 18 other credit unions in the ...
Posted in CREDIT UNION FAILURES | No Comments »
Thursday, October 28th, 2010
Steve Dibert, MFI-Miami
The other morning while I was eating my eggs and venison hash, I was watching reruns of The Sopranos on the A&E network. It was the episode when the whole crew decides that it may be time to do an intervention with Christopher about his ...
Posted in BREAKING NEWS! | No Comments »
Friday, October 22nd, 2010
First Arizona Savings, A FSB, Scottsdale, Arizona, becomes the 139th FDIC-insured institution to fail this year. However the FDIC was unable to find a suitor for the ailing bank. So, checks to depositors for their insured funds will be mailed on Monday, October 25. The FDIC estimates the cost of ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, October 22nd, 2010
Hillcrest Bank, Overland Park, Kansas, was closed by the FDIC tonight, at an estimated cost to the Deposit Insurance Fund (DIF) of $329.7 million. Hillcrest Bank is the 138th FDIC-insured institution to fail in the nation this year, and the third in Kansas.
Hillcrest Bank, Overland Park, Kansas, was closed today by ...
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Friday, October 22nd, 2010
First Suburban National Bank, Maywood, Illinois, is the 137th FDIC-insured institution to fail in the nation this year, and the 16th in Illinois. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.4 million.
First Suburban National Bank, Maywood, Illinois, was closed today by the Office ...
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Friday, October 22nd, 2010
The First National Bank of Barnesville, Barnesville, Georgia, was closed by the FDIC tonight at an estimated cost to the Deposit Insurance Fund (DIF) of $33.9 million. The First National Bank of Barnesville is the 136th FDIC-insured institution to fail in the nation this year, and the 16th ...
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Friday, October 22nd, 2010
The Gordon Bank, Gordon, Georgia, is the 135th bad bank to be shuttered by the FDIC in 2010. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.0 million.
The Gordon Bank, Gordon, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...
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Friday, October 22nd, 2010
Progress Bank of Florida, Tampa, Florida, becomes the 134th ailing bank to be shuttered by the FDIC this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.0 million.
Progress Bank of Florida, Tampa, Florida, was closed today by the Florida Office of Financial Regulation, which ...
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Friday, October 22nd, 2010
First Bank of Jacksonville, Jacksonville, Florida, is the 133rd to ailing bank to be shuttered this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $16.2 million.
First Bank of Jacksonville, Jacksonville, Florida, was closed today by the Florida Office of Financial Regulation, which appointed ...
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Thursday, October 21st, 2010
Phil-Pet FCU Pampa, Texas was shuttered by NUCA.
The NCUA closed Phil-Pet Federal Credit Union after determining that it is insolvent and transferred its assets to Pantex Federal Credit Union.
Phil-Pet FCU, which was founded in 1940, was headquartered in Pampa, Texas. It had 765 members and assets of $3.2 million. It ...
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