Archive for March, 2011
Friday, March 25th, 2011
The Bank of Commerce, Wood Dale, Illinois, made it to 26th on the FDIC hit list for 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.9 million.
The Bank of Commerce, Wood Dale, Illinois was closed today by the Illinois Department of Financial & ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, March 11th, 2011
Legacy Bank, Milwaukee, Wisconsin, was the 25th ailing bank shuttered and sold for scrap today by the FDIC. The agency estimates that the cost to it's Deposit Insurance Fund (DIF) will be $43.5 million.
Legacy Bank, Milwaukee, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, March 11th, 2011
The First National Bank of Davis, Davis, Oklahoma, was slammed shut today making it the 24th FDIC take over of 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $26.5 million.
The First National Bank of Davis, Davis, Oklahoma, was closed today by the Office ...
Posted in FDIC FAILED BANKS | No Comments »
Wednesday, March 9th, 2011
Land of Enchantment FCU, Santa Fe, N.M.,becomes the fifth credit union to be closed by the National Credit Union Administration (NCUA) this year.
The NCUA liquidated Land of Enchantment FCU, and Guadalupe Credit Union purchased and assumed its assets, liabilities and members.
Land of Enchantment FCU, which was located in Santa Fe, ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, March 4th, 2011
Wisconsin Heights Credit Union, Ogema, Wisconsin, is the fourth credit union to be shuttered in 2011.
Wisconsin's Office of Credit Unions closed the Wisconsin Heights Credit Union of Ogema, Wisconsin and appointed NCUA as its liquidator.
The agency announced immediately that CoVantage Credit Union of Antigo, Wisconsin, will assume the members, assets ...
Posted in CREDIT UNION FAILURES | No Comments »
