Community Central Bank, Mount Clemens, Michigan, Becomes 39th Banking Failure

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 […]

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 […]