Debt Guarantees To End The FDIC announced its intentions today to let the Temporary Liquidity Guarantee Program(TLGP) expire on its originally planned termination date of October 31, 2009. The TLGP was implemented in October 2008 to address disruptions in the credit markets that resulted in the inability of financial institutions to obtain new funding or […]
5 Failed Banks For September 4, 2009
September 4, 2009 By Leave a Comment
Banking Failures – 89 And Counting 2009 has now seen a total of 64 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 89. The latest five failed banks on September 4, 2009 had total assets of $1.14 billion and total […]
4 Failed Banks For August 21, 2009 Include Second Largest Banking Failure In 2009
August 21, 2009 By Leave a Comment
Banking Failures – 81 And Counting 2009 has now seen a total of 56 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 81. The latest four failed banks on August 21, 2009 had total assets of $13.9 billion and total […]
FDIC Loan Guarantees Under TLGP Decline Slightly For July 2009
August 20, 2009 By Leave a Comment
FDIC Debt Guarantees Decline 5.6% The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year. The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, […]
3 Failed Banks For August 7, 2009
August 8, 2009 By 1 Comment
Banking Failures – 72 and Counting 2009 has now seen a total of 47 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 72. The latest three failed banks on August 7, 2009 had total assets of $769 million and total […]
7 Failed Banks For July 24, 2009 – FDIC Losses Mount
July 24, 2009 By Leave a Comment
Banking Failures – 64 And Counting 2009 has now seen a total of 39 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 64. The six banks closed in Georgia this week were all bank subsidiaries of Security Bank Corp, Macon, […]
FDIC Loan Guarantees Under TLGP Level Off – GE Exits Program
July 22, 2009 By Leave a Comment
FDIC Debt Guarantees Decline Slightly The FDIC Temporary Loan Guarantee Program (TLGP) was instituted late last year. The program’s stated purpose and goals, according to the FDIC, is as follows: The FDIC has created this program to strengthen confidence and encourage liquidity in the banking system by guaranteeing newly issued senior unsecured debt of banks, […]
One Small Failed Bank For July 10, 2009 – $27 Million In Losses For FDIC
July 10, 2009 By Leave a Comment
Failed Banks There was one more failed bank this week on July 10, 2009, as detailed below: 1. Bank of Wyoming, Thermopolis, Wyoming 2009 has now seen a total of 28 more failed banks than occurred for all of 2008. The latest banking closure by the FDIC brings total banking failures for 2009 to 53. […]
7 Failed Banks For July 2, 2009 – $314 Million In Losses To FDIC
July 2, 2009 By Leave a Comment
Failed Banks There were seven more failed banks this week on July 2, 2009 as detailed below: Founders Bank, Worth, IL Millennium State Bank of Texas, Dallas, TX First National Bank of Danville, Danville, IL Elizabeth State Bank, Elizabeth, IL Rock River Bank, Oregon, IL First State Bank of Winchester, Winchester, IL John Warner Bank, […]
5 Failed Banks For June 26, 2009- Quarter Billion Dollar FDIC Loss
June 26, 2009 By Leave a Comment
Failed Banks: Community Bank of West Georgia, Neighborhood Community Bank, Horizon Bank, Metro Pacific Bank and Mirae Bank There were five more failed banks this week on June 26, 2009 as detailed below: Community Bank of West Georgia, Villa Rica, Georgia Neighborhood Community Bank, Newnan, Georgia Horizon Bank, Pine City, Minnesota MetroPacific Bank, Irvine, California […]