Archive for August, 2011

First Choice Bank, Geneva, Illinois

Friday, August 19th, 2011

First Choice Bank, Geneva, Illinois, is the 68th FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.0 million. First Choice Bank, Geneva, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation—Division of ...

First Southern National Bank, Statesboro, Georgia

Friday, August 19th, 2011

First Southern National Bank, Statesboro, Georgia, becomes the 67th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $39.6 million. First Southern National Bank, Statesboro, Georgia, was closed today by the Office of the Comptroller of the ...

Lydian Private Bank, Palm Beach, Florida

Friday, August 19th, 2011

Lydian Private Bank, Palm Beach, Florida, is the 66th FDIC-insured institution to fail in the nation in 2011. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $293.2 million. Lydian Private Bank, Palm Beach, Florida, was closed today by the Office of the Comptroller of the ...

Public Savings Bank, Huntingdon Valley, Pennsylvania

Friday, August 19th, 2011

Public Savings Bank, Huntingdon Valley, Pennsylvania, is the 65th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.0 million. Public Savings Bank, Huntingdon Valley, Pennsylvania, was closed today by the Pennsylvania Department of Banking, which appointed ...

The First National Bank of Olathe, Olathe, KS

Friday, August 12th, 2011

The First National Bank of Olathe, Olathe, KS, is the 64th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $116.6 million. First National Bank of Olathe, Olathe, Kansas, was closed today by the Office of ...

First National Bank of Olathe, Olathe, Kansas

Friday, August 12th, 2011

First National Bank of Olathe, Olathe, Kansas, is the 64th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $116.6 million. First National Bank of Olathe, Olathe, Kansas, was closed today by the Office of the ...

Bank of Whitman, Colfax, Washington

Saturday, August 6th, 2011

Bank of Whitman, Colfax, Washington, is the 63rd FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $134.8 million. Bank of Whitman, Colfax, Washington, was closed today by the Washington State Department of Financial Institutions, which appointed the Federal ...

Bank of Shorewood, Shorewood, Illinois

Saturday, August 6th, 2011

Bank of Shorewood, Shorewood, Illinois, is the 62nd FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.6 million. Bank of Shorewood, Shorewood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation—Division of ...