Archive for the ‘FDIC FAILED BANKS’ Category

Virginia Business Bank, Richmond, Virginia

Saturday, July 30th, 2011

Virginia Business Bank, Richmond, Virginia, is the 59th FDIC-insured institution to fail in the nation in 2011 at an estimated cost to the Deposit Insurance Fund (DIF) of $17.3 million. Virginia Business Bank, Richmond, Virginia, was closed today by the Virginia State Corporation Commission. The Federal Deposit Insurance Corporation (FDIC) ...

Bank of Choice, Greeley, Colorado

Friday, July 22nd, 2011

Bank of Choice, Greeley, Colorado, is the 58th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $213.6 million. Bank of Choice, Greeley, Colorado, was closed today by the Colorado Division of Banking, which appointed the Federal Deposit Insurance Corporation ...

LandMark Bank of Florida, Sarasota, FL

Friday, July 22nd, 2011

LandMark Bank of Florida, Sarasota, FL, became the 57th FDIC-insured institution to fail in the nationwide in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for LandMark Bank of Florida, $34.4 million. American Momentum Bank, Tampa, Florida, acquired the banking operations, including all the deposits, of ...

Southshore Community Bank, Apollo Beach, FL

Friday, July 22nd, 2011

Southshore Community Bank, Apollo Beach, FL, became the 56th FDIC-insured institution to fail in the nationwide in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for Southshore Community Bank will be $8.3 million. American Momentum Bank, Tampa, Florida, acquired the banking operations, including all the deposits, ...

Summit Bank, Prescott, AZ

Friday, July 15th, 2011

Summit Bank, Prescott, AZ, is the 55th FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.3 million. Summit Bank, Prescott, Arizona, was closed today by the Arizona Department of Financial Institutions, which appointed the Federal Deposit ...

First Peoples Bank, Port Saint Lucie, Florida

Friday, July 15th, 2011

First Peoples Bank, Port Saint Lucie, Florida, is the 54th FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.4 million. First Peoples Bank, Port Saint Lucie, Florida, was closed today by the Florida Office of Financial ...

One Georgia Bank, Atlanta, GA

Friday, July 15th, 2011

One Georgia Bank, Atlanta, GA, becomes the 53rd FDIC-insured institutions to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for High Trust Bank will be $44.4 million. Ameris Bank, Moultrie, Georgia, acquired the banking operations, including all the deposits, of High ...

High Trust Bank, Stockbridge, Georgia,

Friday, July 15th, 2011

High Trust Bank, Stockbridge, Georgia, becomes the 52nd FDIC-insured institutions to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for High Trust Bank will be $66.0 million. Ameris Bank, Moultrie, Georgia, acquired the banking operations, including all the deposits, of High ...

Signature Bank, Windsor, Colorado

Friday, July 8th, 2011

Signature Bank, Windsor, Colorado, is the 51st FDIC-insured institution to fail in the nation in 2011 at an estimated cost to the Deposit Insurance Fund (DIF) of $22.3 million. Signature Bank, Windsor, Colorado, was closed today by the Colorado Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as ...

Colorado Capital Bank, Castle Rock, Colorado

Friday, July 8th, 2011

Colorado Capital Bank, Castle Rock, Colorado, is the 50th FDIC-insured institution to fail in the nation in 2011. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $283.8 million. Colorado Capital Bank, Castle Rock, Colorado, was closed today by the Colorado Division of Banking, which appointed ...