Archive for the ‘FDIC FAILED BANKS’ Category

GulfSouth Private Bank, Destin, Florida

Saturday, October 20th, 2012

GulfSouth Private Bank, Destin, Florida, is the 44th FDIC insured institution to fail nationwide in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $36.1 million. GulfSouth Private Bank, Destin, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit ...

First United Bank, Crete, Illinois

Saturday, September 29th, 2012

First United Bank, Crete, Illinois, is now the 43rd FDIC-insured institution to fail nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $48.6 million. First United Bank, Crete, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation – Division of ...

Truman Bank, Saint Louis, Missouri

Sunday, September 16th, 2012

Truman Bank, Saint Louis, Missouri, became the 42nd FDIC-insured institution to fail nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $34.0 million. Truman Bank, Saint Louis, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation ...

First Commercial Bank, Bloomington, MN

Friday, September 7th, 2012

First Commercial Bank, Bloomington, MN, is the 41st FDIC-insured institution to fail nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $63.9 million. First Commercial Bank, Bloomington, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance ...

Waukegan Savings Bank, Waukegan, Illinois

Friday, August 3rd, 2012

Waukegan Savings Bank, Waukegan, Illinois, is the 40th FDIC-insured institution to fail nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $19.8 million. Waukegan Savings Bank, Waukegan, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit ...

Jasper Banking Company, Jasper, Georgia

Friday, July 27th, 2012

Jasper Banking Company, Jasper, Georgia, is the 39th FDIC insured bad bank to go belly up in the nation in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58.1 million. Jasper Banking Company, Jasper, Georgia, was closed today by the Georgia Department of Banking and ...

Second Federal Savings and Loan Association of Chicago, Chicago, Illinois

Saturday, July 21st, 2012

Second Federal Savings and Loan Association of Chicago, Chicago, Illinois, is the 38th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $76.9 million. Second Federal Savings and Loan Association of Chicago, Chicago, Illinois, was closed today by ...

Heartland Bank, Leawood, Kansas

Saturday, July 21st, 2012

Heartland Bank, Leawood, Kansas, 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 $3.1 million. Heartland Bank, Leawood, Kansas, was closed today by The Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit ...

Georgia Trust Bank, Buford, GA

Saturday, July 21st, 2012

Georgia Trust Bank, Buford, GA is now the 35th FDIC-insured institution to fail in the nation in 2012, at an estimated cost to the Deposit Insurance Fund (DIF) of be $20.9 million. Georgia Trust Bank, Buford, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal ...

Royal Palm Bank of Florida, Naples, Florida

Saturday, July 21st, 2012

Royal Palm Bank of Florida, Naples, Florida was closed making it the 34th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $13.5 million. The Royal Palm Bank of Florida, Naples, Florida, was closed today by the Florida Office of ...