Archive for the ‘FDIC FAILED BANKS’ Category

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 ...

First Chicago Bank & Trust, Chicago, Illinois

Friday, July 8th, 2011

First Chicago Bank & Trust, Chicago, Illinois, is the 49th FDIC-insured institution to fail in the nation this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $284.3 million. First Chicago Bank & Trust, Chicago, Illinois, was closed today by the Illinois Department of Financial ...

Mountain Heritage Bank, Clayton, Georgia

Friday, June 24th, 2011

Mountain Heritage Bank, Clayton, Georgia, was closed tonight making it the 48th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.1 million. Mountain Heritage Bank, Clayton, Georgia, was closed today by the Georgia Department of Banking ...

First Commercial Bank of Tampa Bay, Tampa, Florida

Friday, June 17th, 2011

First Commercial Bank of Tampa Bay, Tampa, Florida, was shuttered tonight making it the 47th FDIC-insured institution to fail in the nation this year. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.5 million. First Commercial Bank of Tampa Bay, Tampa, Florida, was closed today ...

McIntosh State Bank, Jackson, Georgia

Friday, June 17th, 2011

McIntosh State Bank, Jackson, Georgia, makes it number 46 on the year for FDIC beat down banks. The agency served up the scraps to Hamilton State Bank, Hoschton, Georgia. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $80.0 million. McIntosh State Bank, Jackson, Georgia, was ...