Archive for January, 2011
Saturday, January 29th, 2011
First Community Bank, Taos, New Mexico, was eleventh FDIC-insured to be slammed shut nationwide by the agency in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $260.0 million.
First Community Bank, Taos, New Mexico, was closed today by the New Mexico Financial Institutions Division, which appointed ...
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Saturday, January 29th, 2011
FirsTier Bank, Louisville, Colorado, is the tenth FDIC-insured institution to fail in the nation this year, and the second in Colorado. Unable to find a buyer for the bank's decrepit assets the FDIC created the Deposit Insurance National Bank of Louisville (DINB), which will remain open until February 28, 2011, ...
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Saturday, January 29th, 2011
Evergreen State Bank, Stoughton, Wisconsin, becomes the ninth FDIC-insured institution to fail in the nation this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.8 million.
Evergreen State Bank, Stoughton, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed the ...
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Saturday, January 29th, 2011
The First State Bank, Camargo, Oklahoma, became the eighth ailing bank to be shut down nationwide in the new year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.1 million.
The First State Bank, Camargo, Oklahoma, was closed today by the Oklahoma State Banking Department, ...
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Friday, January 21st, 2011
United Western Bank, Denver, Colorado, makes it hit number seven on the year 2011. United Western Bank is the seventh FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $312.8 million.
United Western Bank, Denver, Colorado, was closed today ...
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Friday, January 21st, 2011
Bank of Asheville, Asheville, North Carolina, is the sixth FDIC-insured institution to fail in the nation this year, and the first in North Carolina. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $56.2 million.
The Bank of Asheville, Asheville, North Carolina, was closed today by the ...
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Friday, January 21st, 2011
CommunitySouth Bank and Trust, Easley, South Carolina, goes into the history books as fifth FDIC failed institution of 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $46.3 million.
CommunitySouth Bank and Trust, Easley, South Carolina, was closed today by the South Carolina State ...
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Friday, January 21st, 2011
The FDIC can find no takers for the assets of enterprise banking Company, McDonough, Georgia. So, it created its own bank to protect the insured deposits held there. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $39.6 million. Enterprise Banking Company is the fourth ...
Posted in FDIC FAILED BANKS | 1 Comment »
Friday, January 14th, 2011
Oglethorpe Bank, Brunswick, Georgia, is the third FDIC-insured institution to fail in the nation this year, and the first in Georgia. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $80.4 million.
Oglethorpe Bank, Brunswick, Georgia, was closed today by the Georgia Department of Banking and Finance, ...
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Friday, January 7th, 2011
Legacy Bank, Scottsdale, Arizona, is the second ailing bank to be shuddered in the new year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $27.9 million.
Legacy Bank, Scottsdale, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit ...
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