2010 Bank Failures

[James48843]

Big day today.

Failure Friday---

SIX Bank failures to report today on the FDIC website.
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Bank Closing Information - September 17, 2010
These links contain useful information for the customers and vendors of these closed banks.

Maritime Savings Bank, West Allis, WI
Bramble Savings Bank, Milford, OH
The Peoples Bank, Winder, GA
First Commerce Community Bank, Douglasville, GA
Bank of Ellijay, Elijay, GA
ISN Bank, Cherry Hill, NJ

 

[law87]

question what happen if u have a mortgage thru that bank and it failed? lol who do u owe the money to?

 

[Show-me]

question what happen if u have a mortgage thru that bank and it failed? lol who do u owe the money to?

Whom ever buys the failed bank or FDIC.

 

[James48843]

Only TWO banks today on the FDIC closing list:

Bank Closing Information - October 1, 2010
These links contain useful information for the customers and vendors of these closed banks.

Shoreline Bank, Shoreline, WA
Wakulla Bank, Crawfordville, FL

 

[James48843]

Three on the FDIC bank failure list today:
From the FDIC.GOV website:
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Bank Closing Information - October 15, 2010
These links contain useful information for the customers and vendors of these closed banks.

Premier Bank, Jefferson City, MO
WestBridge Bank and Trust Company, Chesterfield, MO
Security Savings Bank, F.S.B., Olathe, KS

 

[Gumby]

Three on the FDIC bank failure list today:
From the FDIC.GOV website:
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Bank Closing Information - October 15, 2010
These links contain useful information for the customers and vendors of these closed banks.

Premier Bank, Jefferson City, MO
WestBridge Bank and Trust Company, Chesterfield, MO
Security Savings Bank, F.S.B., Olathe, KS

Premier should have failed back in 2007. Only cost the taxpayer $400 Mil + by waiting.

 

[James48843]

Big day today-

Six more bank failures today listed on the http://www.FDIC.GOV website.
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Bank Closing Information - October 22, 2010
These links contain useful information for the customers and vendors of these closed banks.

Hillcrest Bank, Overland Park, KS
First Suburban National Bank, Maywood, IL
The First National Bank of Barnesville, Barnesville, GA
The Gordon Bank, Gordon, GA
Progress Bank of Florida, Tampa, FL
First Bank of Jacksonville, Jacksonville, FL

 

[tsptalk]

If am reading that site correctly, it looks like there were in the neighborhood of 133 bank closings in 2010? Not good, but I remember them talking about 1000+ being projected.

 

[James48843]

If am reading that site correctly, it looks like there were in the neighborhood of 133 bank closings in 2010? Not good, but I remember them talking about 1000+ being projected.

Yep- we're at 138 so far this year.

See http://finance.yahoo.com/news/Regul...tml?x=0&sec=topStories&pos=main&asset=&ccode=

Actually, I think the number would be far higher, but they are actually closing them as fast as they can handle. Six in a week is on the high side of late history. In most weeks they've been running four or five lately.

Here is a list of troubled banks that MAY go under because of weakness- the ones in blank have already gone under, and the red ones are in grave danger of doing so.

http://bankimplode.com/list/troubledbanks.htm

Now, that list is old- six moths old now, and shows 700+ in trouble, and more than 35 having already failed in March, when that list was last updated. Another 100 on that list have since gone under.

Not pretty.

 

[James48843]

Make that SEVEN banks on Friday:

http://finance.yahoo.com/news/7-ban...7.html?x=0&sec=topStories&pos=5&asset=&ccode=

 

[James48843]

Three bank failures this weekend.
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[FONT=arial, helvetica, sans-serif]Bank Closing Information - November 12, 2010
These links contain useful information for the customers and vendors of these closed banks.

Copper Star Bank, Scottsdale, AZ
Darby Bank & Trust Co., Vidalia, GA
Tifton Banking Company, Tifton, GA[/FONT]

 

[James48843]

Only TWO bank failures yesterday:

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[FONT=arial, helvetica, sans-serif]Bank Closing Information - December 10, 2010
These links contain useful information for the customers and vendors of these closed banks.

Earthstar Bank, Southampton, PA
Paramount Bank, Farmington Hills, MI [/FONT]

 

[James48843]

Big night. SIX bank failures on the FDIC website to report tonight:

[FONT=arial, helvetica, sans-serif]Bank Closing Information - December 17, 2010
These links contain useful information for the customers and vendors of these closed banks.

Community National Bank, Lino Lakes, MN
First Southern Bank, Batesville, AR
United Americas Bank, National Association, Atlanta, GA
Appalachian Community Bank, F.S.B., McCaysville, GA
Chestatee State Bank, Dawsonville, GA
The Bank of Miami, National Association, Miami, FL

Merry Christmas.
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