FDIC Closes 4 Banks at a Cost of $160M – 90 Failures in 2010
Regulators closed down four banks – 1 each in Oklahoma and New York and 2 in Maryland – at a combined cost of nearly $160 million to the Federal Deposit Insurance Corp.’s insurance fund.
The four brings this ...
Geithner: Banks Likely Done with Tightening Credit Standards
The U.S. government’s bailout program has been “critical” to restoring stability to the economy, keeping borrowing rates at historic lows and bolstering the banking system – although credit remains difficult ...
Nevada Bank is 83rd Failure; Cost to FDIC Fund $81M
A Reno-based Nevada bank will cost the Federal Insurance Deposit Corp. nearly $81 million as the five-branch institution becomes the 83rd bank failure this year.
All branches of Nevada Security Bank will reopen ...
Seattle Bank Hit by ‘Severe’ Loan Losses is 82nd Failure
A Seattle bank hobbled by faltering commercial real estate loans became the 82nd U.S. bank failure this year, costing the insurance fund of the Federal Deposit Insurance Corp. more than $158 million.
The deposits ...
Florida Up to 13 Bank Failures – U.S. Total at 78 This Year
At a total estimated cost to its insurance fund of $317 million, the Federal Deposit Insurance Corp. shut down five more banks – bringing this year’s total to 78 bank failures.
Three banks in Florida, one in ...
Bank Failures Up to 73, But Troubled Loans Slowing: FDIC
Pinehurst Bank in St. Paul, Minnesota became the 73rd bank failure this year – one of a string of neighborhood banks throughout the country unable to survive faltering loans and slumping demand for credit.
Pinehurst ...
FDIC: ‘Problem’ Banks Up to 775, But Industry Earnings Up
The number of insured commercial banks and savings institutions on the Federal Deposit Insurance Corp.’s “Problem List” jumped from 702 to 775 during the first quarter, with their total assets increasing from ...
Once Bailed-Out Chicago Bank Closes – 2010 Failures at 72
A Chicago area bank with nearly $3.2 billion in assets – which had received an infusion of $84.8 million in federal bailout funds – was one of four failed banks closed by regulators, bringing this year’s total ...
FDIC Bank Closures: 2010 Rate Twice Last Year’s
Four more failing banks were closed by the Federal Deposit Insurance Corp. in the past week, bringing this year’s total to 68. Through April, the rate of failures was more than twice of last year’s – 64 banks ...
Failed Puerto Rico Banks Posed Unique Task for FDIC
The Federal Deposit Insurance Corporation seized seven more banks this week, with three in Puerto Rico representing nearly 30 percent of that island’s deposits, possibly the largest share of a single market ...
Recent Comments