Archive for February, 2011
Friday, February 11th, 2011
Badger State Bank, Cassville, Wisconsin, makes it to number seventeen on the FDIC bank beat down list for 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.5 million.
Badger State Bank, Cassville, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 11th, 2011
Peoples State Bank, Hamtramck, Michigan, was the sixteenth bad bank to be shuttered by the FDIC in 2011, at an estimated the cost to the Deposit Insurance Fund (DIF) of $87.4 million.
Peoples State Bank, Hamtramck, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, which ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 11th, 2011
Sunshine State Community Bank, Port Orange, Florida, was the fiveteenth ailing bank to get tossed onto the FDIC scrap heap of 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.0 million.
Sunshine State Community Bank, Port Orange, Florida, was closed today by the Florida ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 4th, 2011
Oakland Municipal Credit Union, was neatly deposited on the scrap heap today by The California Department of Financial Institutions (DFI) for having inadequate capital. The NCUA was appointed the liquidating agent of Oakland Municipal by the DFI. The National Credit Union Administration (NCUA) has arranged the transfer of Oakland ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, February 4th, 2011
Community First Bank – Chicago, Chicago, Illinois, was the 14th FDIC insured bad bank closed in 2011. The FDIC estimates that the hit to it's Deposit Insurance Fund (DIF) will be $11.7 million.
Community First Bank – Chicago, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 4th, 2011
North Georgia Bank, Watkinsville, Georgia, became number 13 on the FDIC's 2011 hit list and was shuttered by the agency tonight.The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $35.2 million.
North Georgia Bank, Watkinsville, Georgia, was closed today by the Georgia Department of Banking and ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, February 4th, 2011
American Trust Bank, Roswell, Georgia, is the twelfth FDIC-insured institution to fail in the nation to implode in 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $1.5 million.
American Trust Bank, Roswell, Georgia, was closed today by the Georgia Department of Banking and Finance, ...
Posted in FDIC FAILED BANKS | No Comments »
