NOVA Bank, Berwyn, PA, Fails – Depositors Face Losses As FDIC Fails To Find Buyer

Large depositors of NOVA Bank, Berwyn, PA, are in a panic today after state regulators closed the failed bank.  The FDIC, acting as receiver, was unable to find a buyer for NOVA Bank, and will pay off depositor accounts only up to the FDIC insurance limit of $250,000. NOVA Bank, established in 1887, had 13 […]

Home Savings of America Collapses, FDIC Unable To Sell Bank – How Much Will Depositors Lose?

Home Savings of America, which was established during the depths of the Great Depression, was closed by regulators today.  The Bank was established on September 1, 1934 and operated as a federally chartered stock savings and loan association, headquartered in Little Falls, Minnesota. According to Home Savings of America’s website, the Bank’s niche was serving […]

FirsTier Bank of Colorado Fails – Depositors Facing Losses

January 28, 2010 – Large depositors at failed FirsTier Bank of Colorado are shocked to learn that they potentially face the loss of all deposits held in excess of the FDIC deposit insurance limits.  This is the second time in two weeks that the FDIC was unable to find a purchaser for a failed bank, […]