Archive for the ‘FDIC FAILED BANKS’ Category
Friday, March 19th, 2010
State Bank of Aurora, Aurora, Minnesota, is the 37th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $4.2 million.
State Bank of Aurora, Aurora, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed ...
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Friday, March 19th, 2010
First Lowndes Bank, Fort Deposit, Alabama, becomes the 36th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $38.3 million.
First Lowndes Bank, Fort Deposit, Alabama, was closed today by the Alabama Banking Department, which appointed the Federal Deposit Insurance ...
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Friday, March 19th, 2010
Bank of Hiawassee, Hiawassee, Georgia, is the 35th FDIC-insured institution to fail in the nation this year, and the fifth in Georgia. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $137.7 million.
Bank of Hiawassee, Hiawassee, Georgia, was closed today by the Georgia Department of Banking ...
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Friday, March 19th, 2010
Appalachian Community Bank Ellijay, Georgia, is the 34th FDIC-insured institution to fail in the nation this year, at an estimated cost of $419.3 million to the Deposit Insurance Fund (DIF).
Appalachian Community Bank, Ellijay, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation ...
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Friday, March 19th, 2010
Advanta Bank Corp., Draper, Utah, makes it number 33 on the FDIC hit list this year. The agency estimates the cost of the failure to its Deposit Insurance Fund to be approximately $635.6 million.
The Federal Deposit Insurance Corp. (FDIC) approved the payout of the insured deposits of Advanta Bank Corp., Draper, ...
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Friday, March 19th, 2010
The beat goes on in Geoiga as the FDIC shutters Century Security Bank, Duluth, Georgia, tonight. The agency estimates that the hit to the Deposit Insurance Fund (DIF) will be $29.9 million. Century Security Bank is the 32nd FDIC-insured institution to fail in the nation this year, and the third ...
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Friday, March 19th, 2010
American National Bank, Parma, Ohio, be comes FDIC smack down number 31 on the year at a cost to the Deposit Insurance Fund (DIF) will be $17.1 million.
The FDIC estimates that the cost to the The National Bank and Trust Company's acquisition of all the deposits was the "least costly" ...
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Friday, March 12th, 2010
Park Avenue Bank, New York, New York is the 28th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) will be $50.7 million. The FDIC will acquire a cash appreciation instrument for it's troubles.
As part of the consideration for the ...
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Friday, March 12th, 2010
Statewide Bank, Covington, Louisiana, becomes the 30th FDIC insured institution to be closed by the agency in 2010. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $38.1 million.
Statewide Bank, Covington, Louisiana, was closed today by the Louisiana Office of Financial Institutions, which appointed the ...
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Friday, March 12th, 2010
Old Southern Bank, Orlando, Florida, was closed today by Florida regulators and passed off to the Federal Deposit Insurance Corporation (FDIC). It was the 29th FDIC closure this year. The estimated cost to the Deposit Insurance Fund (DIF) will be $94.6 million.
Old Southern Bank, Orlando, Florida, was closed today by ...
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