Billion Dollar Bank Failure – Guaranty Bank of Wisconsin Closed by Feds

For the second week in a row a billion dollar bank was closed by regulators.  Last week it was First NBC Bank of New Orleans and today it was Guaranty Bank, Milwaukee, Wisconsin (doing business as Best Bank in Georgia and Michigan). Overwhelmed by bad loan, the Comptroller of the Currency shuttered Guaranty Bank and […]

Capitol City Bank & Trust Co, Georgia, Collapses – Largest Bank Failure of 2015

The largest bank failure of the year occurred today as regulators closed down Capitol City Bank & Trust Company, Atlanta, Georgia.  After shuttering the bank, the Georgia Department of Banking & Finance appointed the FDIC as receiver.  To protect depositors the FDIC sold the failed bank under a purchase and assumption agreement to First-Citizens Bank […]

Colorado Capital Bank Closed By Regulators

Colorado Capital Bank, which described itself as a niche bank for privately-held businesses and nonprofit organizations, was closed today by the Colorado Division of Banking.  The FDIC, as receiver, sold the failed bank to First-Citizens Bank & Trust Company, Raleigh, North Carolina. The seven branches of Colorado Capital will reopen as usual on Monday as […]