Archive for the ‘FDIC FAILED BANKS’ Category
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 ...
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Friday, October 30th, 2009
Madisonville State Bank, Madisonville, 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 ...
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Friday, October 30th, 2009
Citizens National Bank, Teague, 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 ...
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Friday, October 30th, 2009
Community Bank of Lemont, Lemont, IL 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 ...
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Friday, October 30th, 2009
California National Bank, Los Angeles, 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 of the ...
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Friday, October 30th, 2009
Bank USA, National Association, Phoenix, AZ 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 the ...
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Friday, October 23rd, 2009
Bank of Elmwood, Racine, Wisconsin, made it number 104 on the FDIC to bad to be in business list tonight. So, the FDIC entered into a purchase and assumption agreement with Tri City National Bank, Oak Creek, Wisconsin, to assume all of the deposits of Bank of Elmwood at an ...
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Friday, October 23rd, 2009
First DuPage Bank, Itasca, Illinois, is the 106th FDIC-insured institution to fail in the Nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $59 million.
First DuPage Bank, Westmont, Illinois, was closed today by the Illinois Department of Financial & Professional Regulation – Division of Banking, ...
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Friday, October 23rd, 2009
Riverview Community Bank, Otsego, Minnesota is FDIC insured number 105 to bite the dust in 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $20 million.
Riverview Community Bank, Otsego, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation ...
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Friday, October 23rd, 2009
American United Bank, Lawrenceville, Georgia becomes the FDIC's 101st victim of 2009. The agency estimates that the cost to it's Deposit Insurance Fund (DIF) will be $44 million. Ameris Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's DIF compared to alternatives. American United Bank ...
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