Archive for the ‘FDIC FAILED BANKS’ Category
Friday, November 6th, 2009
United Commercial Bank, San Francisco, California, becomes FDIC deadbeat number 120 of 2009 as the agency closed the zombie bank at an estimated cost of $1.4 billion o the Deposit Insurance Fund (DIF).
United Commercial Bank, San Francisco, California, was closed today by the California Department of Financial Institutions, which appointed ...
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Friday, November 6th, 2009
Home Federal Savings Bank, Detroit, Michigan, becomes the FDIC's 117th victim in the nation this year, and the third in Michigan. The damage to the agency's Deposit Insurance Fund (DIF) is estimated to be $5.4 million.
Home Federal Savings Bank, Detroit, Michigan, was closed today by the Office of Thrift ...
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Friday, November 6th, 2009
United Security Bank, Sparta, Georgia bit the dust tonight becoming the 116th FDIC insured bank to do so in 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $58 million.
United Security Bank, Sparta, Georgia, was closed today by the Georgia Department of Banking and ...
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Friday, November 6th, 2009
Gateway Bank of St. Louis, St. Louis, Missouri is the 119th FDIC-insured implosion in the nation this year, for a paltry estimated cost to the Deposit Insurance Fund (DIF) of $9.2 million.
Gateway Bank of St. Louis, St. Louis, Missouri, was closed today by the Missouri Division of Finance, which appointed ...
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Friday, November 6th, 2009
Prosperan Bank, Oakdale, Minnesota comes in at number 118 on the FDIC beat down parade of 2009. The agency shuttered the bank for an estimated cost $60.1 million to the Deposit Insurance Fund (DIF).
Prosperan Bank, Oakdale, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal ...
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Friday, October 30th, 2009
Pacific National Bank, San Francisco, CA, was one of nine banks seized by the FDIC tonight.The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all ...
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Friday, October 30th, 2009
North Houston Bank, Houston, TX, was one of nine banks seized by the FDIC tonight.The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all of ...
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Friday, October 30th, 2009
Madisonville State Bank, Madisonville, TX, was one of nine banks seized by the FDIC tonight.The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all of ...
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Friday, October 30th, 2009
Citizens National Bank, Teague, TX, was one of nine banks seized by the FDIC tonight.The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all of ...
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Friday, October 30th, 2009
Community Bank of Lemont, Lemont, IL was one of nine banks seized by the FDIC tonight.The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all ...
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