Banking Failures Increase To Eleven As Regulators Seize Four Banks

Four banking failures in four different states increased the number of banking collapses in 2011 to eleven banks. The FDIC, with a long list of 860 Problem Banks, was hit for $545.5 million in losses.  The total cost of the year’s banking failures now totals $1.2 billion. During 2010 a total of 157 banking failures […]

FirsTier Bank of Colorado Fails – Depositors Facing Losses

January 28, 2010 – Large depositors at failed FirsTier Bank of Colorado are shocked to learn that they potentially face the loss of all deposits held in excess of the FDIC deposit insurance limits.  This is the second time in two weeks that the FDIC was unable to find a purchaser for a failed bank, […]