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BankUnited, FSB, the largest bank headquartered in Florida, was closed today by federal regulators. This is only the second time in recent history that a bank was closed on Thursday instead of...
When Silver Falls Bank in Oregon failed,the acquiring bank, Citizens Bank of Corvallis lowered depositor CD rates from 4% to 1%. That's the hazard of going with a less sound bank.
Freedom Bank of Georgia was closed yesterday by the Georgia Department of Banking and Finance. Northeast Georgia Bank assumed the deposits of the bank.
Friday the 13th saw four bank failures - Pinnacle Bank, Corn Belt Bank and Trust, Riverside Bank of the Gulf Coast, Sherman County Bank - the most of any Friday so far.
1st Centennial Bank in California was closed today by the California Department of Financial Institutions, marking the third bank closing of 2009. And we're still only in January!
It has been a long time since we had three banks closed on a Friday. The big one was Downey Savings and Loan Associations which was the third largest bank failure of the year after WaMu and...
We had one of those rare Halloween bank failures today. Freedom Bank was closed by Florida regulators and the FDIC arranged for all deposits, including those that exceeded FDIC limits, to be...
Alpha Bank and Trust was closed last Friday by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. This is the ninth bank...
Article | Oct 27, 2008 | Views: 453 | Comments: 0 Tags: bank failure
Indymac is freezing Home Equity Lines of Credit for a case-by-case review to ensure it doesn't suffer any more significant losses. I wonder what the process is since I don't see how they can...
The Feds have finally stepped in. Hope everyone who follows BCC had under the FDIC insured limits. There were definitely plenty of warnings.
Here's the first part of the FDIC's press release:...
This week saw an acceleration in the collapse of the financial edifice created on top of the mortgage bubble. As the mortgage bubble deflates, the casualties continue to mount. The Carlyle Group,...
This economy and these markets are in trouble. And, the trouble is not nearly over. Anyone who thinks that we have weathered a storm is fooling himself. There was no surprise when we dipped...