failed banks

Welcome to the 'failed banks' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'failed banks'.

Latest blogosphere posts tagged “failed banks”

• Big four pay out $1.8bn to settle tax spat – WA Business News (subscription)

  
  Real Estate Buzz — Authority: 151
  Big four pay out $1.8bn to settle tax spat WA Business News (subscription) Investors are jostling for the chance to buy a $US1.1 billion ($1.25bn) package of commercial real estate loans extended by failed banks, as these once … and more
  5 days ago

• 2009: The Year of the Failed Banks

  
  The D & O Diary — Authority: 513
  Since the sole remaining Friday in December is also Christmas Day, the seven banks the FDIC closed last Friday night may represent the last bank failures of 2009. Of course, there is no legal requirement that Friday is the only day of the week on which the FDIC can close a bank. The FDIC could close additional banks ...
  1 week ago

• First Federal Bank of California, Santa Monica, California

  
  Bank-Implode! — Authority: 120
  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 ...
  1 week ago

• Imperial Capital Bank, La Jolla, California

  
  Bank-Implode! — Authority: 120
  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 ...
  1 week ago

• Independent Bankers’ Bank, Springfield, Illinois

  
  Bank-Implode! — Authority: 120
  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 ...
  1 week ago

• New South Federal Savings Bank, Irondale, Alabama

  
  Bank-Implode! — Authority: 120
  New South Federal Savings Bank, Irondale, Alabam a 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 Thrift ...
  1 week ago

• Citizens State Bank, New Baltimore, Michigan

  
  Bank-Implode! — Authority: 120
  Citizens State Bank, New Baltimore, Michigan the 136th bank to fail this year and the fourth in Michigan. The cost to the FDIC’s Deposit Insurance Fund is estimated to be $76.6 million. To protect the depositors, The agency was forced to create a temporary depositors insurance fund. Citizens State Bank, New ...
  1 week ago

• Peoples First Community Bank, Panama City, Florida

  
  Bank-Implode! — Authority: 120
  Peoples First Community Bank, Panama City, Florida becomes the 135th FDIC failure of 2009 at an estimated cost to the Deposit Insurance Fund (DIF) of around $556.7 million. Peoples First Community Bank, Panama City, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit ...
  1 week ago

• Rockbridge Commercial Bank, Atlanta, Georgia

  
  Bank-Implode! — Authority: 120
  RockBridge Commercial Bank, Atlanta Georiga is the 134th FDIC-insured institution to fail this year and the first one that the agency was unable to find a buyer for. So, depositers will be getting a check in the mail for Christmass. The agency estimates the cost of the failure to its Deposit Insurance Fund to be ...
  1 week ago

• Failed Bank Directors and Officers: When the FDIC Comes to Call

  
  The D & O Diary — Authority: 513
  Though the year-to-date tally of failed banks is, as of Friday night, now up to 133, the much-anticipated wave of FDIC litigation against the directors and officers of the failed institutions has been slower to emerge. As I recently noted , however, the signs are that the FDIC is now starting to assert itself. ...
  2 weeks ago

• Three More Banks Fail. Total for 2009 Now 133

  
  ShoppingBlog.com — Authority: 504
  Federal regulators closed three more banks on Friday bringing the total number of failed banks for 2009 to 133. These are the three banks that failed: Solutions Bank in Overland Park, Kansas Republic Federal Bank , N.A. in Miami, Florida Valley Capital Bank , N.A. in Mesa, Arizona You can find the complete ...
  2 weeks ago

• NYCB sells stock for bank buy

  
  Long Island Business News — Authority: 144
  New York Community Bank said Monday it will issue 60 million shares of common stock to help fund an acquisition the bank completed at the end of last week.The Westbury-based bank Friday acquired deposits and certain assets of failed AmTrust Bank from the Federal Deposit Insurance Corp., the fourth largest bank to fail ...
  3 weeks ago

• FDIC Shuts Down 6 Banks: 130 Failed Banks In 2009

  
  Blogoncherry — Authority: 144
  As the economy has soured, with unemployment rising, home prices tumbling and loan defaults soaring, bank failures have accelerated and sapped billions out of the federal deposit insurance fund. It has fallen into the red.The FDIC expects the cost of bank failures to grow to about $100 billion over the next four ...
  3 weeks ago

• Greater Atlantic Bank, Reston, Virginia

  
  Bank-Implode! — Authority: 120
  Greater Atlantic Bank, Reston, Virginia , is the 130th FDIC-insured institution to fail in the nation this year, at an estimated cost to the Deposit Insurance Fund (DIF) of $35 million. Greater Atlantic Bank, Reston, Virginia, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit ...
  3 weeks ago

• Benchmark Bank, Aurora, Illinois

  
  Bank-Implode! — Authority: 120
  Benchmark Bank, Aurora, Illinoi s comes in at number 129 on the FDIC beat down list of 2009. The agency estimates that the hit to the Deposit Insurance Fund (DIF) will be $64 million. Benchmark Bank, Aurora, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which ...
  3 weeks ago

• AmTrust Bank, Cleveland, Ohio,

  
  Bank-Implode! — Authority: 120
  AmTrust Bank, Cleveland, Ohio , was 128th FDIC insured causality of 2009. The agency stepped in to prop up the failing bank at a whopping $2.0 billion estimated cost to the Deposit Insurance Fund (DIF). AmTrust Bank, Cleveland, Ohio, was closed today by the Office of Thrift Supervision, which appointed the Federal ...
  3 weeks ago

• Tattnall Bank, Reidsville, Georgia

  
  Bank-Implode! — Authority: 120
  Tattnall Bank, Reidsville, Georgia , became the 127th FDIC insured casuality of 2009. The agency closed the battered bank and estimated a cost to the Deposit Insurance Fund (DIF) will be $13.9 million. The Tattnall Bank, Reidsville, Georgia, was closed today by the Georgia Department of Banking and Finance, which ...
  3 weeks ago

• First Security National Bank, Norcross, Georgia

  
  Bank-Implode! — Authority: 120
  The FDIC shuttered First Security National Bank, Norcross, Georgia , making it the 126th insured institution to fail in 2009. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $30.1 million. First Security National Bank, Norcross, Georgia, was closed today by the Office of the ...
  3 weeks ago

• Buckhead Community Bank, Atlanta, Georgia

  
  Bank-Implode! — Authority: 120
  The Buckhead Community Bank, Atlanta, Georgia , comes in at FDIC number 125 tonight. The bank’s deposits were turned over to tate Bank and Trust Company, Macon, Georgia. The FDIC estimates a hit of about $214 million to it’s Deposit Insurance Fund (DIF). The Buckhead Community Bank, Atlanta, Georgia, was closed ...
  3 weeks ago

• Déjà Vu: The FDIC Asserts Its Receivership Litigation Rights

  
  The D & O Diary — Authority: 513
  With 124 failed banks so far in 2009 , and more likely to come in the weeks and months ahead, one recurring question has been whether the FDIC will be as aggressive in pursuing claims against directors and officers of failed lenders as it was during the S&L crisis. While we are awaiting the arrival of the ...
  3 weeks ago

Comments about failed banks