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 […]
Sterling Bank, Lantana, Florida Closed By State Regulators
July 24, 2010 By Leave a Comment
July 23, 2010 – Sterling Bank – Banking Failure #97 See analysis of this week’s bank closings at – Banking Failures Hit 103 As Regulators Close Seven More Banks FDIC – Sterling Bank, Lantana, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. […]
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 […]