Four banking failures in Georgia and California have increased total banking failures for 2011 to 22. Small and mid sized banks continue to face the most difficulty as they find it impossible to raise additional capital required by regulators. During 2010 a total of 157 banking failures occurred, the most since 1992 when 181 banks […]
Four Banking Failures In Four States Cost FDIC $455 Million
January 22, 2011 By Leave a Comment
January 21, 2010 – The FDIC, with a long list of 860 Problem Banks, was hit for $455 million in losses as four banks collapsed across four states. During 2010 a total of 157 banking failures occurred, the most since 1992 when 181 banks were closed. In 2009 a total of 140 banks were closed. […]
Why Savers Love Problem Banks
June 4, 2009 By Leave a Comment
FDIC Issues Rules For Less Than Well Capitalized Banks The FDIC has an internal list of 305 Problem Banks which they do not make public. In general, banks included on the list have series deficiencies with their finances, operations, or management that threaten their continued solvency. Once a bank is included on the list, they […]
FDIC 2009 First Quarter Report
May 27, 2009 By Leave a Comment
Quarterly Banking Profile, March 31, 2009 On May 27, 2009, the FDIC released their Quarterly Banking Profile for the First Quarter of 2009. Highlights of the FDIC report include the following: Banks reported earnings in the four quarter 61% lower than a year ago, earning a net profit of $7.6 billion. This was a major […]
Is Corus Bankshares On The Problem Bank List?
May 8, 2009 By 2 Comments
Corus Bankshares Admits Dim Future Since the FDIC keeps its Problem Bank List secret, we cannot know for sure if Corus Bankshares is listed as a Problem Bank. Based on recent Corus financial disclosures, however, it appears certain that Corus will soon be on the very public Failed Bank List. Corus has been having major […]