First 3 Bank Failures Of 2012 Occur In Florida, Georgia and Pennsylvania

The first bank failures of 2012 occurred today when regulators closed three banks in Florida, Georgia and Pennsylvania. Florida and Georgia are continuing a trend from last year when they accounted for almost 40% of the nation’s 92 banking failures.  Georgia had 23 bank failures in 2011 followed by Florida with 13 bank failures.  Today’s […]

American Eagle Savings Bank, Boothwyn, PA, Closed By Regulators

With any type of luck, American Eagle Savings Bank of Boothwyn, PA, could have gone unnoticed by regulators.  American Eagle was a speck of a bank with only $19.6 million in total assets, despite the fact that it was one of the oldest banks in the country, having been established in 1917. The smallest bank […]