July 30, 2010 – Coastal Community Bank, Panama City Beach, Florida, was closed today by the Florida Office of Financial Regulation. Coastal Bank, the third oldest bank in Florida, was originally started as the Apalachicola State Bank in 1906. In 2002, Apalachicola State Bank was acquired by Coastal Community Bank, a newly chartered bank. At […]
Bayside Savings Bank, Florida, Closed By Office Of Thrift Supervision
July 30, 2010 By Leave a Comment
July 30, 2010 – Bayside Savings Bank, Port Sainte Joe, Florida, becomes the nation’s 105th banking failure. Bayside Savings Bank was closed today by the Office of Thrift Supervision which appointed the FDIC as receiver. The FDIC entered into an agreement with Centennial Bank, Conway, Arkansas, to acquire all of the deposits and assets of […]
Northwest Bank And Trust of Georgia Closed By Regulators
July 30, 2010 By Leave a Comment
July 30, 2010 – Northwest Bank and Trust, Acworth, Georgia, was closed today by the Georgia Department of Banking and Finance. The FDIC was appointed as receiver and entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia, to take over failed Northwest Bank. State Bank will assume all deposits […]
FDIC Enforcement Actions Issued On 32 Problem Banks – Is Your Bank On This List?
July 30, 2010 By 1 Comment
July 30, 2010 – The FDIC today released a list of orders of enforcement actions taken against banks and individuals. A total of 29 cease and desist consent orders and 3 prompt corrective actions orders were issued. The Federal Deposit Insurance Corporation, the federal agency in charge of safeguarding the nation’s bank deposits, maintains a […]
Home Valley Bank, Cave Junction, Oregon, Closed By State Regulators
July 24, 2010 By Leave a Comment
July 23, 2010 – Home Valley Bank – Banking Failure #103 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Home Valley Bank, Cave Junction, Oregon, was closed today by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit […]
SouthwestUSA Bank of Las Vegas Closed By Regulators
July 24, 2010 By Leave a Comment
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 […]