Regulators closed five banks today in Florida, Missouri, New Mexico, Washington and Oregon. The five failed banks had total assets of $3.2 billion and total deposits of $2.6 billion. The total cost to the FDIC Deposit Insurance Fund for the five failed banks is estimated at $531.7 million or 17% of total assets. The cost […]
5 More Banking Failures Bring 2010’s Closings To 9
Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured, Loss share transactions, problem banks Tagged With: 5 Banking Failures January 22 - 2010, Banking Failures Reach 9 in 2010
Three Banking Failures Cost FDIC $300 Million
January 15, 2010 – Regulators Close 3 Banks Regulators closed three banks today in Utah, Minnesota and Illinois. The three failed banks had total assets of $922.1 million and total deposits of $877.3. The total cost to the FDIC Deposit Insurance Fund for the three failed banks is estimated at $296.3 million or 32% of […]
Filed Under: Bank Failure, Failed Banks, FDIC, FDIC insurance, featured, Loss share transactions Tagged With: Add new tag, Failed Barnes Banking Co finds no buyer, FDIC shutters 3 banks
First Banking Failure of 2010 To Cost FDIC $539 Million
2010’s First Banking Failure Reveals That Almost Half Of Failed Horizon Bank’s Assets Were Worthless After a holiday rest of three weeks since the last banking failures on December 18, 2009, regulators announced the first banking failure of 2010. The honor of the first failed bank of 2010 belongs to Horizon Bank of Bellingham, […]
Filed Under: Bank Failure, Failed Banks, FDIC, featured, Loss share transactions Tagged With: First Banking Failure of 2010
FDIC Losses Total $252 Million On Failure Of 3 Small Banks
133 Banking Failures As Of December 11, 2009 The FDIC was appointed as receiver for three small banks closed by federal regulators on December 11, 2009. The three failed banks in Florida, Arizona and Kansas had a total of 11 branches with $984.4 million in assets. Although the estimated losses to the FDIC on these […]
Filed Under: Bank Failure, Failed Banks, FDIC, featured, Loss share transactions Tagged With: 3 more banking failures, FDIC losses $250 million on December 11 - 2009 banking failures
Regulators Hit Snooze Button – One Tiny Bank Closed
One Tiny Bank Seized Regulators continued their leisurely pace of bank closings this week, shuttering only a tiny one branch bank in Florida. With hundreds of banks technically insolvent, loan credit quality declining and non performing loans at all time highs, regulators seem to be hoping that zombie banks can somehow recover if they are […]
Filed Under: Bank Failure, Failed Banks, FDIC, FDIC insurance, Loss share transactions Tagged With: bank failure number 124, FDIC closes Commerce Bank of Florida
Banking Regulators Wake Up – 7 Small Banks Closed For October 23, 2009
Banking Failures – 106 And Counting Banking regulators have been closing banks at a leisurely pace over the past two weeks despite the fact that many analysts expect upwards of 1,000 additional banks to fail based on their poor financial condition and mounting loan losses. The FDIC Problem Bank List currently includes 416 banks with […]
“Loss-Share Agreements” – Is The FDIC Postponing Losses On Bank Failures?
FDIC Loss Sharing Examined Loss sharing is a common feature of purchase and assumptions agreements used by the FDIC to move failed bank assets into the private sector. Under a loss share agreement, the FDIC agrees to absorb a certain portion of losses on a failed bank’s assets that are purchased by an acquiring bank. […]
Filed Under: Bank Failure, Failed Banks, FDIC, Loss share transactions Tagged With: FDIC loss share transactions, FDIC loss share transactions common for failed banks