Archive for the ‘FDIC FAILED BANKS’ Category
Friday, November 13th, 2009
Pacific Coast National Bank, San Clemente, California, makes it 123 on the year at an estimated hit to the FDIC Deposit Insurance Fund (DIF) of $27.4 million.
Pacific Coast National Bank, San Clemente, California, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, November 13th, 2009
Orion Bank, Naples, Florida, comes in at 122 on the FDIC's to bad to bank list of 2009 and the 11th in Florida. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $615 million.
Orion Bank, Naples, Florida, was closed today by the Florida Office of ...
Posted in FDIC FAILED BANKS | No Comments »
Friday, November 13th, 2009
Century Bank, Federal Savings Bank, Sarasota, Florida, bit the dust tonight, becoming the 121st FDIC-insured institution to do so in the nation this year, and the tenth in Florida. The FDIC puts the cost to it's Deposit Insurance Fund (DIF) at $344 million.
Century Bank, Federal Savings Bank, Sarasota, Florida, was ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
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 ...
Posted in FDIC FAILED BANKS | No Comments »
