The nation’s 39th banking failure of 2011 occurred in Michigan when regulators closed the Community Central Bank of Michigan. According to the FDIC news release, the failed bank will be sold to Talmer Bank & Trust, Troy, Michigan. Community Central Bank, Mount Clemens, Michigan, was closed today by the Michigan Office of Financial and Insurance […]
Community Central Bank, Mount Clemens, Michigan, Becomes 39th Banking Failure
Filed Under: Bank Failure, Banking News, Failed Banks, problem banks Tagged With: 39th Banking Failure, bank failure, Community Central Bank, failed bank, Talmer Bank & Trust
Regulators Close Five Banks – Total Losses To FDIC Top $3 Billion

Last week had no bank closings due to the holiday weekend. Regulators returned to work today, closing five insolvent banks in Florida, Georgia and Michigan. A total of 39 banks have now failed during 2011. Although the banking industry has recovered from the dark days of the financial crisis due to unprecedented government aid, the […]
Filed Under: Bank Failure, Banking News, Failed Banks, featured, Loss share transactions, problem banks Tagged With: bank of the ozarks, Bond Street Holdings, Community Central Bank, Cortez Community Bank, Failed Banks, First Choice Community Bank, First National Bank of Central Florida, Florida Community Bank, premier american bank, problem banks, The Park Avenue Bank