The largest bank failure since 2010 left the FDIC on the hook for almost $1 billion in losses as the giant $5.9 billion asset Doral Bank, San Juan, Puerto Rico, was closed by bank regulators. Doral Bank has been a bank failure waiting to happen as years of losses and economic turmoil in Puerto Rico […]
Archives for February 2015
Doral Bank Collapses After Years of Financial Losses – Largest Bank Failure Since 2010
February 28, 2015 By Leave a Comment
Number of Problem Banks Declines for 15th Consecutive Quarter
February 26, 2015 By 1 Comment
According to the latest FDIC Quarterly Banking Profile the number of problem banks continued to decline for the quarter ending December 31, 2014. After reaching a peak of 888 at the end of the first quarter of 2011 the number of problem banks has declined for 15 consecutive quarters. The number of problem banks is […]
Capitol City Bank & Trust Co, Georgia, Collapses – Largest Bank Failure of 2015
February 13, 2015 By Leave a Comment
The largest bank failure of the year occurred today as regulators closed down Capitol City Bank & Trust Company, Atlanta, Georgia. After shuttering the bank, the Georgia Department of Banking & Finance appointed the FDIC as receiver. To protect depositors the FDIC sold the failed bank under a purchase and assumption agreement to First-Citizens Bank […]