Four Banks Fail In Georgia and California

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 […]

San Luis Trust Bank of California Fails And Sold To Bank With Unpaid TARP Loan

San Luis Trust Bank, FSB, San Luis Obispo, California, was closed today by the Office of Thrift Supervision which appointed the FDIC as receiver.  The FDIC sold the failed bank to First California Bank, Westlake Village, California.  First California will assume all deposits of the failed bank. San Luis Trust was beset by a high […]