Four Bank Failures In Four States Brings Year’s Total To 80

Regulators across the nation had a busy Friday evening, closing four banks in four different states. This week’s banking failures increase the total number of failed banks for 2011 to 80.  During 2010, regulators closed a total of 157 banks across the nation.  The FDIC is optimistically predicting a much lower number of banking failures […]

Blue Ridge Savings Bank, Asheville, NC, Closed By Regulators

Blue Ridge Savings Bank, founded in 1978, was closed today by the North Carolina Office of Commissioner of Banks, which appointed the FDIC as receiver.  The FDIC sold the failed bank to Bank of North Carolina, Thomasville, NC, which will assume all deposits of Blue Ridge Savings. All ten branches of Blue Ridge will reopen […]