Posts Tagged ‘FDIC’

Five more bank failures

August 15, 2009

Colonial Bank, Montgomery AL

Community Bank of Nevada, Las Vegas, NV

Community Bank of Arizona, Phoenix, AZ

Union Bank, National Association, Gilbert, AZ

Dwelling House Savings and Loan Association, Pittsburgh, PA

Three more failed banks

August 8, 2009

Community First Bank, Prineville, OR

Community National Bank of Sarasota County, Venice, FL

First State Bank, Sarasota, FL

More banks in trouble

July 31, 2009

“Citing data obtained under the Freedom of Information Act requests, the paper said The Office of the Comptroller of the Currency (OCC), along with the Federal Reserve, have issued more memorandums of understanding so far this year than in all of 2008.

At the current rate of at least 285, the Fed, OCC and Federal Deposit Insurance Corp are in line to issue nearly 600 of these secret agreements this year, the paper said, compared with last year when 399 such agreements were issued.”


Seven more banks fail

July 26, 2009

Six are in Georgia:

Security Bank of Jones County, Gray, GA

Security Bank of Houston County, Perry, GA

Security Bank of Bibb County, Macon, GA

Security Bank of North Metro, Woodstock, GA

Security Bank of North Fulton, Alpharetta, GA

Security Bank of Gwinnett County, Suwanee, GA

Waterford Village Bank, Williamsville, NY

Four more failed banks

July 18, 2009

Temecula Valley Bank

Vineyard Bank


First Piedmont Bank

Five banks fail

June 27, 2009

Mirae Bank, Los Angeles, CA

MetroPacific Bank, Irvine, CA

Horizon Bank, Pine City, MN

Neighborhood Community Bank, Newnan, GA

Community Bank of West Georgia, Villa Rica, GA

Bank failure backstory

April 12, 2009

Saturday I posted about New Frontier Bank in Colorado being taken over by the FDIC.  The backstory on the bank is that last year they had problems with their lending practices and had regulators demanding the bank clean up its books.  In December 2008, it was operating under a cease and desist order requiring New Frontier to raise capital, cut bad debt and fire its top official.  Early this month, a deal with a local private investment firm fell apart and that was it for New Frontier.


Three more failed banks

March 22, 2009

Georgia bank latest failure

March 7, 2009

Only one this week:

Freedom Bank of Georgia, Commerce, GA

Four more failed banks

February 14, 2009

Is there some rule that they have to seize banks on Friday?  Maybe they need the weekend to re-open.

Pinnacle Bank of Oregon, Beaverton, OR

Corn Belt Bank and Trust Company, Pittsfield, IL

Sherman County Bank, Loup City, NE

Riverside Bank of the Gulf Coast, Cape Coral, FL