FDIC

I count three already.  Here they are: ebank, Atlanta, GA Stearns Bank, National Association, St. Cloud, Minnesota, Assumes All of the Deposits of ebank Atlanta, Georgia CapitalSouth Bank, Birmingham, Alabama IBERIABANK,…

Here are the latest FDIC seizures: First State Bank of Altus, Altus, Oklahoma Total assets of $103.4 million and deposits of approximately $98.2 million Estimated cost to the Deposit Insurance Fund (DIF): $25.2 million. Integrity…

In truth this is really two failures, but one had six subsidiaries so it counts as seven.  Here are the failures: The first bank is in New York. Waterford Village Bank, Clarence, New York, was closed by the New York State Banking…

These two seizures are going to be costly. The first one here, Vineyard Bank in California  is going to cost the taxpayer an estimated $579 million.  The second, Temecula Valley Bank in North Carolina, is estimated to cost $391…

The first bank failure is in Georgia, a state where many FDIC seizures have taken place. On Friday, July 17, 2009, First Piedmont Bank, Winder, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit…

Wow.  The Feds sure know how to celebrate Independence Day.  I went out for a couple of hours and four more banks were seized bringing the grand total to seven for the day and 52 on the year. Here are all the FDIC seizures for…

This is the press release from the FDIC.  Deposits of only $75 million.  Small banks are seized, big banks get bailed out, of course. Rock River Bank, Oregon, Illinois, was closed today by the Illinois Department of Financial…

Another tiny little bank. Deposits of $34 million. The First State Bank of Winchester, Winchester, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the…

This is number 46 this year. Very small.  Why not wait?  Holiday weekend? The John Warner Bank, Clinton, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking,…

This is number 40 (earlier the headline read First National Bank of Kansas, but has since been corrected). First National Bank of Anthony, Anthony, Kansas was closed today by the Office of the Comptroller of the Currency, which appointed…