Archive for February, 2011
Friday, February 25th, 2011
Valley Community Bank, St. Charles, Illinois, is the 23rd FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.8 million.
Valley Community Bank, St. Charles, Illinois, was closed today by the Illinois Department of Financial and Professional ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, February 23rd, 2011
NYC OTB Federal Credit Union, New York, New York, was put out of it's misery today by The National Credit Union Administration (NCUA) .
The NCUA liquidated the New York City-based OTB Federal Credit Union on Wednesday, the agency announced.
The $1.8 million credit union had a 7.1% decline in assets during ...
Posted in CREDIT UNION FAILURES | No Comments »
Sunday, February 20th, 2011
Originally posted at Stockmarket-Implosion.
Nothing better illustrates the snake eating its tail that has become the American economy better than the news that the nice boyz and girls over at J P Morgan has a food stamp monopoly in 26 states and the District of Columbia. Since Morgan gets a cut ...
Posted in BREAKING NEWS! | 1 Comment »
Friday, February 18th, 2011
San Luis Trust Bank, FSB, San Luis Obispo, California, was the twenty-second FDIC-insured institution to crash and burn in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $96.1 million.
San Luis Trust Bank, FSB, San Luis Obispo, California, was closed today by the Office ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 18th, 2011
Charter Oak Bank, Napa, California, is the twenty-first FDIC-insured institution to implode nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $21.8 million.
Charter Oak Bank, Napa, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 18th, 2011
Greensburg Community Federal Credit Union of Greensburg, Pennsylvania, came one step closer to implosion today as The National Credit Union Administration (NCUA) assumed control of its operations.
The NCUA placed the $2.2 million Greensburg Community FCU into conservatorship yesterday.
During the fourth quarter of 2010 its assets declined 10.9% which followed a ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Friday, February 18th, 2011
Citizens Bank of Effingham, Springfield, Georgia, is the twentieth FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $59.4 million.
Citizens Bank of Effingham, Springfield, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 18th, 2011
Habersham Bank, Clarkesville, Georgia, makes it number nineteen on the FDIC 2011 hit list. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $90.3 million.
Habersham Bank, Clarkesville, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance ...
Posted in FDIC FAILED BANKS | No Comments »
Tuesday, February 15th, 2011
Family First Federal Credit Union of Orem, Utah, was shuttered today by the National Credit Union Administration (NCUA).
-The National Credit Union Administration
(NCUA) today placed Family First Federal Credit Union of Orem, Utah, into liquidation and Security Service Federal Credit Union of San Antonio, Texas, purchased and assumed Family First’s assets, ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, February 11th, 2011
Canyon National Bank, Palm Springs, California, becomes the eighteenth FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.0 million.
Canyon National Bank, Palm Springs, California, was closed today by the Office of the Comptroller of the ...
Posted in FDIC FAILED BANKS | No Comments »
