Archive for April, 2011
Friday, April 29th, 2011
Community Central Bank, Mount Clemens, Michigan, is the 39th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $183.2 million.
Community Central Bank, Mount Clemens, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 29th, 2011
The Park Avenue Bank, Valdosta, Georgia, was one of a pair of banks served up to Bank of the Ozarks, Little Rock, Arkansas. The closing makes The Park Avenue Bank, the 38th FDIC-insured institutions to fail in the nation so far this year. The agency estimates that the cost ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 29th, 2011
First Choice Community Bank, Dallas, GA, was one of a pair of banks served up to Bank of the Ozarks, Little Rock, Arkansas. The closing makes Bank of the Ozarks, the 37th FDIC-insured institutions to fail in the nation so far this year. The agency estimates that the cost to ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 29th, 2011
Cortez Community Bank, Brooksville, Florida, became the 36th causality of the banking crisis as it was closed by the Florida Office of Financial Regulation, which appointed the FDIC as receiver. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for Cortez Community Bank, will be $18.6 ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 29th, 2011
First National Bank of Central Florida, Winter Park, Florida, was closed by regulators today, and the FDIC was appointed as receiver. The closing makes it the 35th FDIC-insured institution to fail in the nation so far this year at an estimated cost to the Deposit Insurance Fund (DIF) will be ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 29th, 2011
Utah Central Credit Union, Salt Lake City, Utah, was closed today and it's members will now be served by Chartway Federal Credit Union .
The Utah Department of Financial Institutions today appointed the National Credit Union Administration (NCUA) as the liquidating agent for Utah Central Credit Union of Salt Lake City. Chartway Federal ...
Posted in CREDIT UNION FAILURES | No Comments »
Friday, April 15th, 2011
Texans Credit Union of Richardson, Texas, was put into conservatorship tonight by the National Credit Union Administration (NCUA).
The NCUA said Friday night that it had placed Texans Credit Union of Richardson into conservatorship.
Texans Credit Union currently has 133,000 members and assets of $1.6 billion. The serves Collin, Dallas, Rockwall, Travis, ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Friday, April 15th, 2011
Heritage Banking Group, Carthage, Mississippi, became the 34th FDIC insured bank to be shuttered in 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.1 million.
Heritage Banking Group, Carthage, Mississippi, was closed today by the Mississippi Department of Banking and Consumer Finance, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 15th, 2011
Rosemount National Bank, Rosemount, Minnesota, became the 33rd FDIC insured bank to be shuttered in 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.6 million.
Rosemount National Bank, Rosemount, Minnesota, was closed today by the Office of the Comptroller of the Currency, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 15th, 2011
Superior Bank, Birmingham, Alabama, was shuttered by the FDIC tonight. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $259.6 million. Superior Bank is the 32nd FDIC-insured institution to fail in the nation this year, and the second in Alabama.
Superior Bank, Birmingham, Alabama, was closed ...
Posted in FDIC FAILED BANKS | No Comments »
