Archive for the ‘FDIC FAILED BANKS’ Category

Public Savings Bank, Huntingdon Valley, Pennsylvania

Friday, August 19th, 2011

Public Savings Bank, Huntingdon Valley, Pennsylvania, is the 65th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.0 million. Public Savings Bank, Huntingdon Valley, Pennsylvania, was closed today by the Pennsylvania Department of Banking, which appointed ...

The First National Bank of Olathe, Olathe, KS

Friday, August 12th, 2011

The First National Bank of Olathe, Olathe, KS, is the 64th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $116.6 million. First National Bank of Olathe, Olathe, Kansas, was closed today by the Office of ...

First National Bank of Olathe, Olathe, Kansas

Friday, August 12th, 2011

First National Bank of Olathe, Olathe, Kansas, is the 64th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $116.6 million. First National Bank of Olathe, Olathe, Kansas, was closed today by the Office of the ...

Bank of Whitman, Colfax, Washington

Saturday, August 6th, 2011

Bank of Whitman, Colfax, Washington, is the 63rd FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $134.8 million. Bank of Whitman, Colfax, Washington, was closed today by the Washington State Department of Financial Institutions, which appointed the Federal ...

Bank of Shorewood, Shorewood, Illinois

Saturday, August 6th, 2011

Bank of Shorewood, Shorewood, Illinois, is the 62nd FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $25.6 million. Bank of Shorewood, Shorewood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation—Division of ...

Integra Bank, National Association, Evansville, Indiana

Saturday, July 30th, 2011

Integra Bank, National Association, Evansville, Indiana, is the 61st FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $170.7 million. Integra Bank, National Association, Evansville, Indiana, was closed today by the Office of the Comptroller of ...

BankMeridian, N.A., Columbia, South Carolina

Saturday, July 30th, 2011

BankMeridian, N.A., Columbia, South Carolina, is the 60th FDIC-insured institution to fail in the nation this year at an estimated cost to the Deposit Insurance Fund (DIF) of $65.4 million. BankMeridian, N.A., Columbia, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal ...

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 ...