Banking Industry – Recovery or Another Bailout? The latest FDIC Quarterly Banking Profile shows a banking industry still in turmoil, as non performing loans reached all time highs. The banking industry reported an aggregate net loss of $3.7 billion in the latest quarter ending June 30, 2009 compared to a year ago quarterly profit of […]
Is The Banking Industry Collapsing Or Improving? – Charts Provide Some Insights
August 27, 2009 By 1 Comment
FDIC 2009 Second Quarter Banking Profile
August 27, 2009 By 1 Comment
Quarterly Banking Profile, June 30, 2009 On August 27, 2009, the FDIC released their Quarterly Banking Profile for the Second Quarter of 2009. The Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, an increased number of banks on the Problem Bank List, a declining FDIC Insurance Fund, […]
Corus Bankshares – September Closing Would Be In Top Five Banking Failures For 2009
August 25, 2009 By Leave a Comment
Bidding Deadline Set For Corus – Closure Expected In September Reuters is reporting a bidding deadline for problem bank Corus Bankshares of September 3, 2009. The disclosure of a bidding deadline followed shortly by a bank closure follows the procedure recently observed with the closing of Guaranty Financial Group last week. The closing of Corus […]
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 […]
5 Failed Banks For July 31, 2009
July 31, 2009 By Leave a Comment
Banking Failures – 69 and Counting 2009 has now seen a total of 44 more failed banks than occurred for all of 2008. The latest banking closures by the FDIC bring total banking failures for 2009 to 69. The latest five failed banks on July 31, 2009 had total assets of $2.7 billion 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, […]
Problem Bank Guaranty Financial Seen As Next Failed Bank – Maybe
July 24, 2009 By 1 Comment
FDIC Should Close Guaranty Financial But Will It? There were numerous news reports today that Guaranty Financial (GFG) will be the next large bank to collapse into the arms of the FDIC. Guaranty Financial’s management has admitted that they have run out of options and cannot comply with an April cease and desist order from […]
Failed Banks For July 17, 2009
July 17, 2009 By 1 Comment
Banking Failures – 57 and Counting There were four more failed bank this week: First Piedmont Bank, Winder, Georgia Bank First, Sioux Falls, South Dakota Vineyard Bank, National Association, Rancho Cucamonga, CA Temecula Valley Bank, Temecula, CA 2009 has now seen a total of 32 more failed banks than occurred for all of 2008. The […]
Problem Bank List Grows, Deposit Insurance Fund (DIF) Running On Empty
May 27, 2009 By 2 Comments
FDIC Quarterly Banking Profile 3/31/2009 The FDIC latest Quarterly Banking Profile, released today for the quarter ending March 31, 2009, showed another increase in the number of problem banks and a further large decrease in the FDIC Deposit Insurance Fund (DIF). As of the latest quarter, the number of problem banks increased to 305 with […]