Bank Failure

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Latest blogosphere posts tagged “Bank Failure”

  • quote of the day


    Total Survivalist Libertarian RantfestAuthority Authority: 141
    (918) : Someone shouldve told Pope jumper lady and terrorist pants guy that the Worst of 2009 lists already went out.... -TFLN 
    2 days ago
  • Bank failure rate increases.


    Traditions of Men Blog/PodcastAuthority Authority: 123
    For the past year, banks have been failing at a rate of about three per week.  What has been odd is that it isn’t an average of three per week.  It has usually been very close to three per week. There is something suspicious about that in-and-of-itself.  Do you really think that banks have become insolvent in a ...
    1 week ago
  • Umbrella Bank Fails


    ThePiggyBanker.comAuthority Authority: 114
    The parent company of UmbrellaBank.com – New South Federal Savings Bank has failed. All deposits should be secured because Beal Bank has taken over the bank. Here is the excerpt from the FDIC press release: New South Federal Savings Bank, Irondale, Alabama, was closed today by the Office of Thrift Supervision, ...
    1 week ago
  • FDIC Bank Failure Update


    Calculated RiskAuthority Authority: 738
    A few graphs and some predictions ... the first graph shows bank failures by week in 2009: Click on graph for larger image in new window. Note: Week 1 on graph ended Jan 2nd. There have been 140 bank failures this year, and there are only a few days left to close banks in 2009. Based on history, I think ...
    1 week ago
  • Seven Banks Fail, Making 140 in ‘09


    Wall Street PitAuthority Authority: 665
    The list of bank failures in the nation keeps getting longer. Banks in Florida, Michigan, California, Alabama, Georgia and Illinois were seized by state regulators Friday, bringing the total number of failed banks this year to 140, the Federal Deposit Insurance Corporation [FDIC] said.Bank...
    1 week ago
  • Bank Failure #140: First Federal Bank of California, Santa Monica, California


    Calculated RiskAuthority Authority: 738
    One Forty arrives Sun sets on First Federal Death by Option ARMs by Soylent Green is People From the FDIC: OneWest Bank, FSB, Pasadena, California, Assumes All of the Deposits of First Federal Bank of California, Santa Monica, California First Federal Bank of California, a Federal Savings Bank, Santa Monica, ...
    1 week ago
  • Bank Failure #139: Imperial Capital Bank, La Jolla, California


    Calculated RiskAuthority Authority: 738
    Zero capital Imperial imperiled Taxpayers rescue by Soylent Green is People From the FDIC: City National Bank, Los Angeles, California, Assumes All of the Deposits of Imperial Capital Bank, La Jolla, California Imperial Capital Bank, La Jolla, California, was closed today by the California Department of ...
    1 week ago
  • Bank Failures #135 to 138: Four More


    Calculated RiskAuthority Authority: 738
    Peoples, Citizens New South Federal Savings One Forty Is Near An Oxymoron Independent Bankers Bank Not since Five today. by Soylent Green is People From the FDIC: Hancock Bank, Gulfport, Mississippi, Assumes All of the Deposits of Peoples First Community Bank, Panama City, Florida Peoples First Community ...
    1 week ago
  • Bank Failure #134: Rockbridge Commercial Bank, Atlanta, Georgia


    Calculated RiskAuthority Authority: 738
    From the FDIC: FDIC Approves the Payout of the Insured Deposits of Rockbridge Commercial Bank, Atlanta, Georgia The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of RockBridge Commercial Bank, Atlanta, Georgia. ... The FDIC was unable to find another financial institution ...
    1 week ago
  • FDIC Prepares for “an even-larger number of bank failures” in 2010


    OpenMarket.orgAuthority Authority: 568
    In a display of supreme confidence in the strength of the American economy, the Federal Deposit Insurance Corporation announced a 2010 budget increase of close to 54% earlier this week.  The FDIC’s annual operating budget grew from $2.6 billion in 2009 to $4 billion for 2010 .  The largest portion of the ...
    1 week ago
  • TARP: One Big Success but Many More Failures


    DailyFinanceAuthority Authority: 768
    The Congressional Oversight Panel monitoring the Troubled Asset Relief Program concluded in its December report that TARP "proved decisive enough to stop the panic and restore market confidence," but failed to address many of the "ongoing problems" in the financial markets and the broader economy. Even in light of its ...
    1 week ago
  • Sheila Bair: ‘Bank Failures to Accelerate Into Next Year’


    Wall Street PitAuthority Authority: 665
    Bank failures will keep accelerating into 2010 and the worst isn’t over despite “some encouraging signs” that things are turning around for the battered banking industry, FDIC Chair Sheila Bair told CNBC.“There’s a lag generally with bank recovery from the overall...
    2 weeks ago
  • FDIC Seizes Three Banks


    Survival News NetworkAuthority Authority: 139
    State and federal banking regulators seized three small lenders on Friday, lifting the total number of bank failures this year to 133.Source/Full Story: WSJ.comRelated ItemsFebruary 27, 2009 — U.S. regulator doubles projected bank failures costSource:  ReutersThe worsening U.S. economy prompted the Federal Deposit ...
    2 weeks ago
  • FDIC Bank Failure Update


    Calculated RiskAuthority Authority: 738
    Here is a graph of bank failures, by number of institutions and assets, from the December Congressional Oversight Panel’s Troubled Asset Relief Program report . (ht Catherine Rampell ): Click on graph for larger image in new window. From the report (page 45): Figure 11 shows numbers of failed banks, ...
    2 weeks ago
  • 2010 Economic Forecast for California: What 10 Reasons Will Keep a lid on the Housing and Economic Recovery for California?


    Dr. Housing Bubble BlogAuthority Authority: 507
    Every December I like to do a synopsis of the California economy and the impact on housing.  2009 has been a tough year for housing.  If we had to sum up what occurred in California it is that housing sales jumped because of massive cuts in prices.  Without the giant crutch of FHA insured loans and the Federal ...
    2 weeks ago
  • Bank Failure Tally Tops 133 in 2009


    Wall Street PitAuthority Authority: 665
    Three banks failed Friday night, bringing the 2009 national tally to 133 and taking a quarter of a billion dollars bit out of the FDIC’s DIF. Regulators closed Republic Federal Bank in Miami, Fla., Valley Capital Bank in Mesa, Arizona, and SolutionsBank in Overland Park, Kansas.1st United...
    2 weeks ago
  • Bank Failure Friday - and then there were 133


    The Economic Populist - Speak Your Mind 2 Cents at a TimeAuthority Authority: 571
    What would be a Friday without a few bank failures . This week its 3 more, bringing the total for 2009 to 133. Below is this weeks obituary along with the estimated cost to the FDIC. Valley Bank, AZ - $7.4 million SolutionsBank, KS - $122.1 million Republic Federal Bank, FL - $122.6 million
    2 weeks ago
  • Bank Failure #132&133: Arizona and Kansas


    Calculated RiskAuthority Authority: 738
    Note: since I get questions now and then - the Haiku was started long ago and is kind of a tradition. Valley Capitol AKA Giant Cash Sinkhole We cant climb out of Prairie bank failure Solution for Solutions: Arvest to invest by Soylent Green is People From the FDIC : Enterprise Bank & Trust, ...
    2 weeks ago
  • Celebrity reaction to this latest bank failure has been swift and decisive:


    InvestmentWatchAuthority Authority: 157
    Miami’s Republic Federal year’s 131st bank failure Billy Mays had a heart attack, Britney Spears re-entered rehab, Tiger Woods ran over a mailbox while just barely missing the neighbor’s cat, Dave Letterman played grabass with the studio interns, Paula Abdul and Amy Winehouse stayed home in pajamas and got ...
    2 weeks ago
  • Bank Failure #131: Republic Federal Bank, National Association, Miami, Florida


    Calculated RiskAuthority Authority: 738
    Sunny Miami Palm trees, warm ocean waters Plus one toasted bank by Soylent Green is People From the FDIC : 1st United Bank, Boca Raton, Florida, Assumes All of the Deposits of Republic Federal Bank, National Association, Miami, Florida Republic Federal Bank, National Association, Miami, Florida, was closed today ...
    2 weeks ago

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