Archive for the ‘FDIC FAILED BANKS’ Category
Friday, January 22nd, 2010
Bank of Leeton, Leeton, Missouri is the sixth FDIC-insured institution to fail in the nation this year, and the first in Missouri.
Bank of Leeton, Leeton, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the ...
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Friday, January 22nd, 2010
The fifth bank failure of the new year is Premier American Bank, Miami, Florida. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $85 million.
Premier American Bank, Miami Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) ...
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Friday, January 15th, 2010
Barnes Banking Company, Kaysville, Utah became the fourth FDIC insured institution to fail in 2010. the FDIC created the Deposit Insurance National Bank of Kaysville (DINB), to assume the role of acquiring institution at an estimated cost to the FDIC's Deposit Insurance Fund of $271.3 million.
Barnes Banking Company, Kaysville, Utah, ...
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Friday, January 15th, 2010
The third Bank on the FDIC hit list of 2010 is St. Stephen State Bank, St. Stephen, Minnesota. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.2 million.
St. Stephen State Bank, St. Stephen, Minnesota, was closed today by the Minnesota Department of Commerce, which ...
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Friday, January 15th, 2010
Town Community Bank and Trust, Antioch, Illinois was closed by the FDIC tonight becoming the second bank to be shuttered by the agency in the new year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.8 million.
Town Community Bank and Trust, Antioch, Illinois, was ...
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Friday, January 8th, 2010
After two weeks of inactivity the FDIC eased into action in 2010 closing only one bank on the first business Friday of the new year. The distinction of being first to fold in the year goes to Horizon Bank, Bellingham, Washington. The FDIC estimates that the cost to the Deposit ...
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Friday, December 18th, 2009
First Federal Bank of California, Santa Monica, California is the 140th FDIC-insured institution to fail in the nation this year, and the FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $146.3 million.
First Federal Bank of California, a Federal Savings Bank, Santa Monica, California, was closed ...
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Friday, December 18th, 2009
The 139th FDIC-insured institution to fail in the nation this year is Imperial Capital Bank, La Jolla, California. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $619.2 million.
Imperial Capital Bank, La Jolla, California, was closed today by the California Department of Financial Institutions, which ...
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Friday, December 18th, 2009
The FDIC shuttered Independent Bankers' Bank, Springfield, Illinois, but takers were scarce so the agency created a bridge bank for the purpose. The agency estimates that the cost to the Deposit Insurance Fund will be $68.4 million.
The Federal Deposit Insurance Corporation (FDIC) created a bridge bank to take over the ...
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Friday, December 18th, 2009
New South Federal Savings Bank, Irondale, Alabama is the 137th FDIC-insured institution to fail in the nation this year, and the agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $212.3 million.
New South Federal Savings Bank, Irondale, Alabama, was closed today by the Office of ...
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