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 […]
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) […]
Turnberry Bank of Aventura, Florida Shut Down by Regulators
July 17, 2010 By Leave a Comment
The Office of Thrift Supervision shut down Turnberry Bank of Aventura, Florida, yesterday on July 16, 2010. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver. Turnberry Bank was a full service community bank which had served South Florida since 1985. Branches were located in Aventura, Coral Gables, Pinecrest, and South Miami, Florida. The […]
Metro Bank of Dade County, Florida Joins Failed Bank List
July 17, 2010 By Leave a Comment
MetroBank of Dade County, Miami, Florida was closed by regulators on July 16, 2010. Together with Olde Cypress Community Bank and Turnberry Bank, this was one of three Florida banks that were shut down on Friday. Florida has a total of sixteen failed banks for the year. Metro Bank had a total of six branches […]