Regulators Close Four Banks In Four States Bringing Total Bank Failures To 68

Regulators closed four banks in four different states this week.  As has been typical for 2011, three of the failed banks were small or mid sized with total assets under $250.  The largest bank failure of the week was Lydian Private Bank of Florida with $1.7 billion in assets, which became the fifth largest banking […]

Did Regulators Stop A Run on the Bank At Failed Public Savings Bank?

Regulators closed a small 83 year old bank today in an unusual Thursday afternoon closing.  Traditionally, failed banks are closed by regulators at the close on business on Friday afternoon to minimize customer disruption. Was the unusual timing of the bank closing related to panicked depositors withdrawing money?  Although the FDIC did not comment on […]