Recent Posts Tagged With 'fdic'

• The FDIC Reserve Is Gone

  Posted on Tuesday November 24th, 2009 at 21:41 in fdic, daily market updates, sheila bair

  The cash reserves needed for the FDIC to keep paying depositors at failed banks has all been used up. Don’t panic (yet anyways), the FDIC has an open credit line to the Treasury Department (uh, that means us tax payers) that will keep the FDIC ...

• Barney Franks Tells Regulators to Be “Deaf, Dumb, and Blind”

  Posted on Wednesday November 4th, 2009 at 21:33 in fdic, daily market updates, bank failures, fdic cease and desist

  Tomorrow’s Wall Street Journal paper will be running the story that House Financial Services Committee Chairman Barney Deaf, Dumb, and Blind Frank has sent a letter to top banking regulators to “go easy on small banks”. You did read...

• Bank Failure: Riverview Community Bank (Otsego, MA) Bank n° 105 To Fail

  Posted on Saturday October 24th, 2009 at 08:05 in banks, minnesota, general economics, fdic, riverview community bank

  This last bank closes the round of five failed banks this week. It will be however noted that these are mostly “small” or regional banks and that they have been bought up by competitors, which gives a real illustration of the economic fun...

• Bank Failure: Bank of Elmwood, Racine, Wisconsin, Is Bank n° 104 To Fail

  Posted on Saturday October 24th, 2009 at 07:54 in banks, wisconsin, general economics, fdic, bank of elmwood

  FOR IMMEDIATE RELEASE October 23, 2009 Bank of Elmwood, Racine, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositor...

• Bank Failure: Flagship National Bank (Bradenton, FL) Bank N° 103 To Fail

  Posted on Saturday October 24th, 2009 at 07:45 in Florida, banks, bank, general economics, fdic, flagship national bank

  FOR IMMEDIATE RELEASE October 23, 2009 Flagship National Bank, Bradenton, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the deposi...

• Bank Failures: Hillcrest Bank Florida (Naples, FL), 102nd Bank To Fail

  Posted on Saturday October 24th, 2009 at 07:41 in Florida, banks, general economics, fdic, hillcrest bank florida

  FOR IMMEDIATE RELEASE October 23, 2009 Hillcrest Bank Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors,...

• Bank Failure: American United Bank (Lawrenceville, GA) is the 101st Bank to Fail

  Posted on Saturday October 24th, 2009 at 07:38 in georgia, banks, general economics, fdic, american united bank

  FOR IMMEDIATE RELEASE October 23, 2009 American United Bank, Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the de...

• Bank Failure: Partners Bank (Naples, FL) Is The 100th Bank To Fail in 2009

  Posted on Saturday October 24th, 2009 at 07:34 in Florida, banks, general economics, fdic, partners bank

  It was merely a question of time, but then a tiny bank of Florida got the unenviable title of being the 100th bank to fail in 2009. Four other banks also went under Friday. FOR IMMEDIATE RELEASE October 23, 2009 Partners Bank, Naples, Florida, was c...

• Bank Failure: San Joaquin Bank (Bakersfield, CA), Bank n° 99 To Fail

  Posted on Saturday October 17th, 2009 at 03:54 in California, banks, bank failure, general economics, fdic, san joaquin bank

  An interesting number this time… 99 banks to fail this year in the US. After a quiet couple of weeks with no bank failures, here we go again. An article suggests even that 100 could only be 10 % of the number of total bank failures through to 2...

• Bank Failure: Warren Bank (Warren, MI), Bank n° 96 To Fail

  Posted on Friday October 2nd, 2009 at 17:46 in michigan, banks, bank failure, general economics, fdic, daily market updates, warren bank

  Are we going now to see a spectacular drop in the number of bank failures on Fridays? For now, this Friday, only one bank has failed so far. Tonight, it is a Michiganian bank’s turn. Cost to the FDIC: 275 million $ cost FOR IMMEDIATE RELEASE O...

• FDIC Needs Money

  Posted on Tuesday September 29th, 2009 at 14:56 in banks, fdic, daily market updates

  What do you do if you are in financial trouble, one thing you do is call all your friends who owe you money and ask them to pay up. If you are the Federal Deposit Insurance Corporation (FDIC) then you ask all of the banks that they protect and ask th...

• Bank Failure: Georgian Bank (Atlanta, Ga), Bank n° 95 To Fail

  Posted on Friday September 25th, 2009 at 19:03 in georgia, banks, bank failure, general economics, fdic, georgian bank

  FOR IMMEDIATE RELEASE September 25, 2009 Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the ...

• Bank Failure: Venture Bank (Lacy, WA), 92nd Bank to Fail

  Posted on Saturday September 12th, 2009 at 03:26 in washington, banks, bank failure, fdic, daily market updates, venture bank

  FOR IMMEDIATE RELEASE September 11, 2009 Venture Bank, Lacy, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors,...