Archives for December 2009

Buyers For Failed Banks Hard To Find As FDIC Loses $1.8 Billion On 7 Bank Closings

December 19, 2009 By 1 Comment

7 Banking Institutions Closed On December 18, 2009  –  FDIC Forced To Retain $1.9 Billion In Failed Bank Assets – Depositors Lose $3.2 Million As the number of banking failures increase, the FDIC appears to be encountering increasing difficulty in finding buyers for failed banks,  despite agreeing to cover a large percentage of potential losses […]

Filed Under: Bank Failure, DIF, Failed Banks, FDIC, FDIC insurance, featured Tagged With: , , ,

FDIC Losses Total $252 Million On Failure Of 3 Small Banks

December 12, 2009 By Leave a Comment

133 Banking Failures As Of December 11, 2009 The FDIC was appointed as receiver for three small banks closed by federal regulators on December 11, 2009.   The three failed banks in Florida, Arizona and Kansas had a total of 11 branches with $984.4 million in assets.  Although the estimated losses to the FDIC on these […]

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AmTrust Bank – Fourth Largest Banking Failure Of 2009

December 5, 2009 By Leave a Comment

AmTrust And 5 Other Banks Closed By Regulators Regulators closed an additional six banks today, bringing total banking failures for the year to 130 compared to 25 bank failures during 2008.   Three of the failed banks were located in Georgia, and one each in Illinois, Ohio and Virginia. The failure of Ohio’s AmTrust Bank was […]

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