Archive for the ‘FDIC FAILED BANKS’ Category

Covenant Bank, Chicago, Illinois

Saturday, February 16th, 2013

Covenant Bank, Chicago, Illinois, is the third FDIC-insured institution to fail in the nation in 2013. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $21.8 million. Covenant Bank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of Banking, which ...

First Minnesota Bank, Minnetonka, Minnesota, Assumes All of the Deposits of 1st Regents Bank, Andover, Minnesota

Friday, January 18th, 2013

First Minnesota Bank, Minnetonka, Minnesota, Assumes All of the Deposits of 1st Regents Bank, Andover, Minnesota, is the second FDIC bad bank hit list for 2013. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.5 million. 1st Regents Bank, Andover, Minnesota, was closed today by the Minnesota Department ...

Westside Community Bank, University Place, Washington

Friday, January 11th, 2013

Westside Community Bank, University Place, Washington, is number one on the FDIC bad bank hit list for 2013. The agency  seized the small lender in Washington state, making it the first U.S. bank failure of 2013after 51 closures last year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) ...

Community Bank of the Ozarks, Sunrise Beach, MO

Saturday, December 15th, 2012

Community Bank of the Ozarks, Sunrise Beach, MO, is the 51st FDIC-insured institution to fail in  nationwide in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.4 million. Community Bank of the Ozarks, Sunrise Beach, Missouri, was closed today by the Missouri Division of Finance, which ...

Hometown Community Bank, Braselton, Georgia

Friday, November 16th, 2012

Hometown Community Bank, Braselton, Georgia, makes it an even 50 for the number of FDIC insured banks to fail in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $36.7 million. Hometown Community Bank, Braselton, Georgia, was closed today by the Georgia Department of Banking and ...

Citizens First National Bank, Princeton, Illinois

Friday, November 2nd, 2012

Citizens First National Bank, Princeton, Illinois, made it number 49th on the FDIC bad bank list for 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $45.2 million. Citizens First National Bank, Princeton, Illinois, was closed today by the Office of the Comptroller of the Currency, ...

Heritage Bank of Florida, Lutz, Florida

Friday, November 2nd, 2012

Heritage Bank of Florida, Lutz, Florida, was shuttered today making the 48th FDIC insured bank to go bad in 2012. The agency  estimates that the cost to the Deposit Insurance Fund (DIF) will be $65.5 million. Heritage Bank of Florida, Lutz, Florida, was closed today by the Florida Office of Financial Regulation, which ...

NOVA Bank, Berwyn, PA

Sunday, October 28th, 2012

NOVA Bank, Berwyn, PA,  is the 47th FDIC-insured bank to fail in the nation this year, with the payout of the insured deposits. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $91.2 million. The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of NOVA ...

Excel Bank, Sedalia, Missouri

Saturday, October 20th, 2012

Excel Bank, Sedalia, Missouri,  is the 46th FDIC-insured institution to fail in the nation this year.  The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $40.9 million. Excel Bank, Sedalia, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation ...

First East Side Savings Bank, Tamarac, Florida

Saturday, October 20th, 2012

First East Side Savings Bank, Tamarac, Florida, is the 45th FDIC insured bank to fail this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.1 million. First East Side Savings Bank, Tamarac, Florida, was closed today by the Office of the Comptroller of the Currency, ...