McIntosh State Bank, Jackson, Georgia, established in 1964 as a community oriented, full service commercial bank, was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver.  The FDIC sold the failed bank to Hamilton State Bank, Hoschton, Georgia.  Hamilton State Bank will assume all deposits and purchase all assets of failed McIntosh [...]

July 30, 2010 – The FDIC today released a list of orders of enforcement actions taken against banks and individuals.   A total of 29 cease and desist consent orders and 3 prompt corrective actions orders were issued. The Federal Deposit Insurance Corporation, the federal agency in charge of safeguarding the nation’s bank deposits, maintains a confidential Problem Bank [...]

Many Bank Failures Easy To Predict Evaluating the financial health of a bank is a complex process which requires an in depth analysis of a bank’s financial statements.   Most bank depositors would be ill equipped to assess whether or not a particular bank might be in financial difficulty. There is, however, one simple concept that is easily understood – a bank with [...]