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 [...]

Banking Failures in Nevada and Washington Bring 2010 Total To 22
The weekly banking failures continue as regulators closed two more failed banks in Nevada and Washington.   The two failed banks had total assets of $769 million and total deposits of $496 million.  The cost to the FDIC Deposit Insurance Fund (DIF) for this week’s [...]

Quarterly Banking Profile December 31, 2009
The FDIC Quarterly Banking Profile for the latest quarter ending December 31, 2009 continues to show a banking industry struggling with record levels of charge-offs and noncurrent loans.
Net Charge-offs And Noncurrent Loans At Record Levels
Net charge-offs for the fourth quarter of $53 billion increased by $14.4 billion over the same [...]

Banking Failures in Texas, California, Illinois and Florida Bring 2010 Total To 20
Regulators continued their ritual of Friday night bank closings, shuttering 4 more banks across the country.   The four failed banks had total assets of $4.2 billion and total deposits of $3.4 billion.  The cost to the FDIC Deposit Insurance Fund (DIF) for [...]

One Tiny Bank Fails in Minnesota - Total Failures Reach 16 In 2010
Regulators closed one bank today in Minnesota.   The failed bank had total assets of $18.2 million and total deposits of $16.3 million.   The cost to the FDIC Deposit Insurance Fund for the closing of this tiny failed bank is estimated at $3.1 [...]

Six More Banking Failures Bring Year’s Total To 15
Regulators closed six banks today in Florida, Minnesota, California, Washington and two in Georgia.  The six failed banks had total assets of $5.5  billion and total deposits of $4.9 billion.  The total cost to the FDIC Deposit Insurance Fund for the six failed banks is estimated at [...]

Regulators closed five banks today in Florida, Missouri, New Mexico, Washington and Oregon.  The five failed banks had total assets of $3.2 billion and total deposits of $2.6 billion.  The total cost to the FDIC Deposit Insurance Fund for the five failed banks is estimated at $531.7 million or 17% of total assets.  The cost [...]

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) [...]

January 15, 2010 - Regulators Close 3 Banks
Regulators closed three banks today in Utah, Minnesota and Illinois.  The three failed banks had total assets of $922.1 million and total deposits of $877.3.  The total cost to the FDIC Deposit Insurance Fund for the three failed banks is estimated at $296.3 million or 32% of total [...]

2010’s First Banking Failure Reveals That Almost Half Of Failed Horizon Bank’s Assets Were Worthless
After a holiday rest of three weeks since the last banking failures on December 18, 2009, regulators announced the first banking failure of 2010.   The honor of the first failed bank of 2010 belongs to Horizon Bank of Bellingham, WA. [...]