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 […]
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 […]
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. […]
FDIC Restricts Private Capital Investments In Failed Banks
July 2, 2009 By Leave a Comment
Qualified Buyers Only Despite 52 failed banks in 2009 and many more to follow, Sheila Bair, FDIC Chairman, has wisely chosen to restrict private capital investments in failed banks to qualified buyers only. In mid May of this year, Ms. Bair had made the following comments: I am particularly concerned with new owners’ ability to […]
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, […]