Posts Tagged ‘deposit insurance fund’

Failure Fridays: Third Bank Fails Today, Number 12 for the Year

Friday, February 13, 2009 20:35 No Comments

The FDIC announced the closing of a third bank today. Illinois based Corn Belt Bank and Trust Company was seized by regulators today. Corn Belt Bank becomes the 12th bank to fail in 2009 and the 37th since the start of the depression.
The bank  had $271.8 million in assets and $234.4 million in deposits. The [...]

This was posted under category: Economy, Federal Reserve, Great Depression Tags: , , , , , , , ,

Failure Fridays: Two More Banks Bite The Dust

Friday, February 13, 2009 17:43 No Comments

The Federal Deposit Insurance Corp. (FDIC) announced  the failure of two more US banks (#10 and #11 for the year).

Nebraska -based Sherman County Bank was closed by regulators Friday, marking the 10th bank failure of the year. Sherman County Bank had roughly $129.8 million in assets as of Feb. 12, and $85.1 million in deposits. [...]

This was posted under category: Bank Failures, Economy, Federal Reserve, Great Depression Tags: , , , , , , , , , , , , ,

23rd US Bank Fails: Georgia Community Bank Seized

Friday, December 5, 2008 21:24 No Comments

What Friday would be complete without a bank failure?
State regulators i closed First Georgia Community Bank on Friday, marking the 23rd bank failure of the year.
The Federal Deposit Insurance Corp. said that the four branches of the Jackson, Ga.-based First Georgia Community Bank will reopen on Saturday as part of United Bank, of Zebulon, Ga.
First [...]

This was posted under category: Bank Failures, Federal Reserve, Money Tags: , , , , , , , , , , , , , ,
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