Archive for the ‘FDIC FAILED BANKS’ Category

Alabama Trust Bank, National Association, Sylacauga, Alabama

Saturday, May 19th, 2012

Alabama Trust Bank, National Association, Sylacauga, Alabama, becomes the 24rd FDIC casualty of the year 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $8.9 million. Alabama Trust Bank, National Association, Sylacauga, Alabama, was closed today by the Office of the Comptroller of the Currency, which ...

Security Bank, National Association, North Lauderdale, Florida

Saturday, May 5th, 2012

Security Bank, National Association, North Lauderdale, Florida, becomes the 23rd FDIC casualty of the year 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.8 million. Security Bank, National Association, North Lauderdale, Florida, was closed today by the Office of the Comptroller of the Currency, which ...

Palm Desert National Bank, Palm Desert, CA

Friday, April 27th, 2012

Palm Desert National Bank, Palm Desert, CA, is the 22nd FDIC-insured institution to fail in the nation in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.1 million. Palm Desert National Bank, Palm Desert, California, was closed today by the Office of the Comptroller of the ...

Plantation Federal Bank, Pawleys Island, SC

Friday, April 27th, 2012

Plantation Federal Bank, Pawleys Island, SC, is the 21st FDIC-insured institution to fail in the nation this year, at an estimated cost to the FDIC Deposit Insurance Fund (DIF) of $76.0 million. Plantation Federal Bank, Pawleys Island, South Carolina, was closed today by the Office of the Comptroller of the Currency (OCC), which ...

Savings Bank, fsb D/B/A Interbank, fsb, Maple Grove, Minnesota

Friday, April 27th, 2012

Savings Bank, fsb D/B/A Interbank, fsb, Maple Grove, Minnesota, is the 20th FDIC-insured institution to fail in the nationwide this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $117.5 million. Inter Savings Bank, fsb D/B/A InterBank, fsb, Maple Grove, Minnesota, was closed today by the Office ...

HarVest Bank of Maryland, Gaithersburg, MD

Friday, April 27th, 2012

HarVest Bank of Maryland, Gaithersburg, MD, becomes the 19th FDIC insured bank to close in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.2 million. HarVest Bank of Maryland, Gaithersburg, Maryland, was closed today by the Maryland Commissioner of Financial Regulation, which appointed the Federal ...

Bank of the Eastern Shore, Cambridge, Maryland

Friday, April 27th, 2012

Bank of the Eastern Shore, Cambridge, Maryland, is the 18th FDIC-insured institution to fail in the nation in 2012. The last FDIC-estimates that the cost to its Deposit Insurance Fund is estimated to be $41.8 million. Bank of the Eastern Shore, Cambridge, Maryland was closed today by the Maryland Commissioner of Financial Regulation, which ...

Fort Lee Federal Savings Bank, FSB, Fort Lee, New Jersey

Saturday, April 21st, 2012

Fort Lee Federal Savings Bank, FSB, Fort Lee, New Jersey, becomes  the seventeenth FDIC-insured institution to fail in the nation this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $14.0 million. Fort Lee Federal Savings Bank, FSB, Fort Lee, New Jersey, was closed today by the ...

Fidelity Bank, Dearborn, Michigan

Friday, March 30th, 2012

Fidelity Bank, Dearborn, Michigan, is the 16th FDIC-insured institution to fail in the nation in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $92.8 million. Fidelity Bank, Dearborn, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, which appointed the ...

Premier Bank, Wilmette, Illinois

Friday, March 23rd, 2012

Premier Bank, Wilmette, Illinois,  is the fifteenth FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $64.1 million. Premier Bank, Wilmette, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which appointed the Federal ...