The second bank failure of the year occurred in Illinois when state regulators closed Highland Community Bank, Chicago, IL. During 2014 Illinois had five banking failures, the most of any state. After closing Highland Community Bank, state regulators appointed the FDIC as receiver. To protect depositors the FDIC sold the failed bank to United Fidelity […]
Highland Community Bank, IL, Second Bank Failure of 2015
Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured Tagged With: bank failure, bank failures, banking failure, Banking News, failed bank, FDIC, Highland Community Bank, United Fidelity Bank
FDIC Directs Two Illinois Banks To Immediately Raise More Capital – Illinois Leads Nation in Bank Failures
The FDIC issued a list of 31 administrative enforcement actions taken against banks and individuals during April 2014. The enforcement actions include the following: 2 consent orders 2 prompt corrective action directives 12 orders terminating consent and cease and desist orders 1 civil money penalty 3 section 19 orders The most serious enforcement actions are […]
Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, FDIC Enforcement Action, featured, Problem Bank List, problem banks Tagged With: banking failure, banking industry, Banking News, consent order, GSL Savings Bank, Highland Community Bank, problem bank, Problem Bank List, prompt corrective action, State Bank of Herscher