July 23, 2010 – SouthwestUSA Bank – Banking Failure #102 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – SouthwestUSA Bank, Las Vegas, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. […]
Community Security Bank of Minnesota Closed By Regulators
July 24, 2010 By Leave a Comment
July 23, 2010 – Community Security Bank – Banking Failure #101 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Community Security Bank, New Prague, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) […]
Thunder Bank of Sylvan Grove, Kansas, Becomes 100th Banking Failure
July 24, 2010 By Leave a Comment
July 23, 2010 – Thunder Bank – Banking Failure #100 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Thunder Bank, Sylvan Grove, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation […]
Williamsburg First National Bank Of South Carolina Closed By OCC
July 24, 2010 By Leave a Comment
July 23, 2010 – Williamsburg First National Bank – Banking Failure #99 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Williamsburg First National Bank, Kingstree, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the […]
Crescent Bank and Trust Company, Jasper, Georgia, Collapses
July 24, 2010 By Leave a Comment
July 23, 2010 –Crescent Bank and Trust Company – Banking Failure #98 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Crescent Bank and Trust Company, Jasper, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal […]
Sterling Bank, Lantana, Florida Closed By State Regulators
July 24, 2010 By Leave a Comment
July 23, 2010 – Sterling Bank – Banking Failure #97 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Sterling Bank, Lantana, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. […]
Banking Failures Hit 103 As Regulators Close Seven More Banks
July 24, 2010 By Leave a Comment
July 23, 2010 – State and Federal regulators closed seven banks today as the banking industry continues to struggle with loan losses in a weak economy. At the current pace, the number of bank failures in 2010 may reach 200, compared to a total of 140 banking failures in 2009. In addition, the number […]
Mainstreet Savings Bank, Hastings, Michigan, Closed By Regulators
July 23, 2010 By Leave a Comment
July 16, 2010 – Mainstreet Savings Bank, FSB, Hastings, Michigan, was closed by the Office of Thrift Supervision, which appointed the FDIC as receiver. Mainstreet Savings was acquired by Commercial Bank, Alma, Michigan under a purchase and assumption agreement with the FDIC. Commercial Bank agreed to purchase all the deposits and essentially all of the […]
Olde Cypress Community Bank, Florida Closed By OTS
July 23, 2010 By Leave a Comment
July 16, 2010 – Olde Cypress Community Bank, Clewiston, Florida was closed by the Office of Thrift Supervision, which appointed the FDIC as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, N.A., Winter Haven, Florida. CenterState Bank will assume all of the deposits and assets […]
First National Bank of the South, South Carolina, Closed By Regulators
July 23, 2010 By Leave a Comment
July 16, 2010 – First National Bank of the South was closed by the Office of the Comptroller of the Currency, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with NAFH National Bank, Miami, Florida (a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina) […]