Posts Tagged ‘regulators’
Bank No. 37 Closed; Bank of Lincolnwood Seized by Regulators
Friday, June 5, 2009 17:09 1 CommentBank of Lincolnwood, Lincolnwood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The total number of bank failures now stands at 37 for the year.
Republic Bank of Chicago, Oak Brook, Illinois, Assumes All of the Deposits [...]
Failure Fridays: Freedom Bank of Georgia Closed by Regulators
Friday, March 6, 2009 21:43 1 CommentNumber 17 for 2009; 42nd Since Depression Began
Freedom Bank of Georgia, Commerce, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northeast Georgia Bank, Lavonia, Georgia, to assume [...]
Failure Fridays: Two More Banks Go Under
Friday, February 27, 2009 21:52 No CommentsSecurity Savings Bank: 16th Bank Failure of 2009
Security Savings Bank of Henderson, Nevada was closed by regulators Friday, marking the 16th bank failure of 2009. The Federal Deposit Insurance Corporation said the failed bank’s deposits have been assumed by Las Vegas-based Bank of Nevada. Security Savings Bank had $238.3 million in total assets and $175.2 [...]
Failure Fridays: Third Bank Fails Today, Number 12 for the Year
Friday, February 13, 2009 20:35 No CommentsThe 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 [...]
Failure Fridays: Two More Banks Bite The Dust
Friday, February 13, 2009 17:43 No CommentsThe 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. [...]
Feds Seize Two More Banks
Friday, February 6, 2009 22:33 2 CommentsWhat Friday would be complete without a bank failure (or two)?
Federal regulators shut down a bank in Southern California and another in the Atlanta area today, bringing the number of U.S. failures this year to eight in almost as many weeks. This is the 33rd collapse since the depression began.
Federal Deposit Insurance Corp. announced that [...]
