Bank Depositors Lose Millions As FDIC Finds No Buyers For 2 Failed Banks
Banking Failures in Florida, Illinois, Maryland and Utah Bring 2010 Total To 26
The weekly banking failures continue as regulators closed four more failed banks. The four failed banks for March 5, 2010 had total assets of $1.1 billion and total deposits of $1.0 billion. The cost to the FDIC Deposit Insurance Fund (DIF) for [...]
How Much Did Depositors Actually Lose at Barnes Banking Company?
Depositor Losses At Barnes Banking Unknown
On Friday, January 15, 2010, Barnes Banking Company was closed by the Utah Department of Financial Institutions which appointed the FDIC as receiver. Since no other institution could be found to assume the assets or deposits of failed Barnes Banking, the FDIC set up a Deposit Insurance National Bank (DINB) [...]
