Archive for the ‘FDIC FAILED BANKS’ Category

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida

Friday, January 27th, 2012

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida, is the fourth FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $82.0 million. First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida, was closed today ...

American Eagle Savings Bank, Boothwyn, PA

Friday, January 20th, 2012

American Eagle Savings Bank, Boothwyn, PA, becomes the third bank of 2012 should be shattered by the FDIC. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.2 million. American Eagle Savings Bank, Boothwyn, Pennsylvania, was closed today by the Office of the Comptroller of the Currency, ...

The First State Bank, Stockbridge, GA

Friday, January 20th, 2012

The First State Bank, Stockbridge, GA, is the second FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $216.2 million. The First State Bank, Stockbridge, Georgia, was closed today by the Georgia Department of Banking and Finance, ...

Central Florida State Bank, Belleview, FL

Friday, January 20th, 2012

Central Florida State Bank, Belleview, FL, has the dubious distinction of being the first bank in the nation to fail in 2012. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $24.4 million. Central Florida State Bank, Belleview, Florida, was closed today by the Florida Office ...

Western National Bank, Phoenix, Arizona

Friday, December 16th, 2011

Western National Bank, Phoenix, Arizona,  is the 92nd FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $37.6 million. Western National Bank, Phoenix, Arizona, was closed today by the Office of the Comptroller of the Currency, which ...

Premier Community Bank of the Emerald Coast, Crestview, Florida

Friday, December 16th, 2011

Premier Community Bank of the Emerald Coast, Crestview, Florida, becomes the 91st FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.2 million. Premier Community Bank of the Emerald Coast, Crestview, Florida, was closed today by the ...

Central Progressive Bank, Lacombe, Louisiana

Saturday, November 19th, 2011

Central Progressive Bank, Lacombe, Louisiana, is the 90th FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $58.1 million. Central Progressive Bank, Lacombe, Louisiana, was closed today by the Louisiana Office of Financial Institutions, which appointed the ...

Polk County Bank, Johnston, Iowa

Saturday, November 19th, 2011

Polk County Bank, Johnston, Iowa, is the 89th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.0 million. Polk County Bank, Johnston, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal ...

Community Bank of Rockmart, Rockmart, Georgia

Friday, November 11th, 2011

Community Bank of Rockmart, Rockmart, Georgia, is the 88th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $14.5 million. Community Bank of Rockmart, Rockmart, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...

SunFirst Bank, Saint George, Utah

Sunday, November 6th, 2011

SunFirst Bank, Saint George, Utah, is the 87th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.7 million. SunFirst Bank, Saint George, Utah, was closed today by the Utah Department of Financial Institutions, which appointed the ...