You are browsing the archives of 2009 December.

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 by [...]

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 three [...]

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 the fourth [...]