Archive for the ‘FDIC FAILED BANKS’ Category

Crescent Bank and Trust Company, Jasper, Georgia

Friday, July 23rd, 2010

Crescent Bank and Trust Company, Jasper, Georgia, is one of seven FDIC bank closings tonight, bringing the total number closed nationwide this year to 98. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for Metro Bank of Dade County will be $242.4 million. Crescent Bank and Trust ...

Sterling Bank, Lantana, Florida

Friday, July 23rd, 2010

Sterling Bank, Lantana, Florida, was shut down and it's deposits served up to IBERIABANK, Lafayette, Louisiana. Sterling Bank becomes the 97th bank to be closed nationwide this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $45.5 million. Sterling Bank, Lantana, Florida, was closed today ...

Mainstreet Savings Bank, FSB, Hastings, Michigan

Friday, July 16th, 2010

Mainstreet Savings Bank, FSB, Hastings, Michigan, was slammed shut by the FDIC tonight making it the 96th bank to fall nationwide in 2010. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.4 million. Mainstreet Savings Bank, FSB, Hastings, Michigan, was closed today by the Office ...

Olde Cypress Community Bank, Clewiston, Florida

Friday, July 16th, 2010

Olde Cypress Community Bank, Clewiston, Florida, is number 95 on the FDIC's beat down list nationwide this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.5 million. Olde Cypress Community Bank, Clewiston, Florida, was closed today by the Office of Thrift Supervision, which appointed ...

First National Bank of the South, Spartanburg, SC

Friday, July 16th, 2010

First National Bank of the South, Spartanburg, SC, is one of three FDIC bank closings tonight to bring the total number closed nationwide to 94. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for Metro Bank of Dade County will be $67.6 million. Metro Bank of Dade ...

Turnberry Bank, Aventura, FL

Friday, July 16th, 2010

Turnberry Bank, Aventura, FL, is one of three FDIC bank closings tonight to bring the total number closed nationwide to 94. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for Metro Bank of Dade County will be $67.6 million. Metro Bank of Dade County, Miami, Florida; Turnberry ...

Metro Bank of Dade County, Miami, Florida

Friday, July 16th, 2010

Metro Bank of Dade County, Miami, Florida, is one of three FDIC bank closings tonight to bring the total number closed nationwide to 94. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for Metro Bank of Dade County will be $67.6 million. Metro Bank of Dade County, ...

Woodlands Bank, Bluffton, South Carolina

Friday, July 16th, 2010

Woodlands Bank, Bluffton, South Carolina, is the FDIC's dead beat bank number 91 of the the year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $115.0 million. Woodlands Bank, Bluffton, South Carolina, was closed today by the Office of Thrift Supervision, which appointed the Federal ...

Home National Bank, Blackwell, Oklahoma

Friday, July 9th, 2010

Home National Bank, Blackwell, Oklahoma, became number the 90th FDIC-insured institution to fail in the nation this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $78.7 million. Home National Bank, Blackwell, Oklahoma, was closed today by the Office of the Comptroller of the Currency, ...

USA Bank, Port Chester, New York

Friday, July 9th, 2010

USA Bank, Port Chester, New York, became the 89th FDIC-insured institution to fail in the nation this year, and the third in New York. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $61.7 million. USA Bank, Port Chester, New York, was closed today by the ...