Archive for April, 2011
Friday, April 15th, 2011
Nexity Bank, Birmingham, Alabama, was the 31st ailing bank to be turned over to the FDIC in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $175.4 million.
Nexity Bank, Birmingham, Alabama, was closed today by the State of Alabama Banking Department, which appointed the ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 15th, 2011
New Horizons Bank, East Ellijay, Georgia, became the 30th FDIC insured institution to fail in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.9 million.
New Horizons Bank, East Ellijay, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 15th, 2011
Bartow County Bank, Cartersville, Georgia became number 29 on the FDIC hit list of 2011. The agency shuttered the ailing bank at an estimated cost to the Deposit Insurance Fund (DIF) of $69.5 million.
Bartow County Bank, Cartersville, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 15th, 2011
Vensure Federal Credit Union, Mesa, Arizona, was tag teamed by the National Credit Union Administration (NCUA) and the U.S. Attorney for the Southern District of New York. It seems that Vensure Federal Credit Union was a laundering money for an internet gambling company.
Vensure Federal Credit Union booked no loans in 2010 ...
Posted in CREDIT UNION CONSERVATORSHIPS | No Comments »
Friday, April 8th, 2011
Nevada Commerce Bank, Las Vegas, Nevada, makes number 28 on the FDIC's 2011 hit list. The bad bank will give a $31.9 million hit to the agency's Deposit Insurance Fund (DIF).
Nevada Commerce Bank, Las Vegas, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, April 8th, 2011
Western Springs National Bank and Trust, Western Springs, Illinois, becmes th 27 ailing bank to be shuttered by the FDIC in 2011, at an estimated cost to the Deposit Insurance Fund (DIF) of $31.0 million.
Western Springs National Bank and Trust, Western Springs, Illinois was closed today by the Office of ...
Posted in FDIC FAILED BANKS | No Comments »
