Community Bank of Nevada, Las Vegas, NV
Community Bank of Arizona, Phoenix, AZ
Posts Tagged ‘FDIC’
Five more bank failures
August 15, 2009Three more failed banks
August 8, 2009More 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, 2009Six 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, 2009Five banks fail
June 27, 2009Bank failure backstory
April 12, 2009Saturday 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, 2009Only one this week:
Four more failed banks
February 14, 2009Is 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
Reading Tea Leaves by Randy Wilson 