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Showing posts with label bank closure. Show all posts
Showing posts with label bank closure. Show all posts

Sunday, May 8, 2016

FDIC closes third bank of 2016 in King of Prussia, Pennsylvania

On May 6, the FDIC closed down their third bank for 2016 as First Cornerstone Bank shuttered its doors.  This institution is the second bank failure in the past two weeks, with Trust Company Bank being closed down by regulators in on April 29.
This bank failure is also the first for the month of May, and brings the overall number of bank closures in 2016 to 3.
5/6/2016 *** Pennsylvania *** King of Prussia *** First Cornerstone Bank *** $10.8 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $10.8 million.
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Sunday, May 1, 2016

FDIC closes second bank of 2016 in Memphis, Tennessee

On April 29, the FDIC closed down is second bank for 2016 as Trust Company Bank shuttered its doors.  This institution is the second bank failure in the past two months, with North Milwaukee State Bank being closed down by regulators in March.
This bank failure is the first for the month of April and brings the overall number of bank closures in 2016 to 2.
4/29/2016 *** Tennessee *** Memphis *** Trust Company Bank *** $7.2 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $9.6 million.
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Saturday, March 12, 2016

FDIC closes first bank of 2016 in Wisconsin

On March 11, the FDIC closed down is first bank for 2016 as North Milwaukee State Bank shuttered its doors.  This institution is also the first bank failure in over five months, when Hometown National Bank was shuttered last October.
This bank failure is the first for the month of March and brings the overall number of bank closures in 2016 to 1.
3/11/2016 *** Wisconsin *** Milwaukee *** North Milwaukee State Bank *** $9.6 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $9.6 million.
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Monday, October 5, 2015

October begins with a bang as FDIC closes two banks

The Bank of Georgia, located in Peachtree City, GA, and Hometown National Bank, located in Longview, WA. were closed down by the FDIC on Friday, Oct. 2.  These bank failures are the first two for the month of October and bring the overall number of bank closures in 2015 to 8.
10/2/2015 *** Washington *** Longview *** Hometown National Bank *** $1.6 million dollar estimated FDIC DIF cost.
10/2/2015 *** Georgia *** Peachtree City *** The Bank of Georgia *** $23.2 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $24.8 million.

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Friday, May 8, 2015

FDIC closes first U.S. bank in nearly 3 months bringing total number in 2015 to 5

Edgebrook Bank, located in Chicago, IL, was closed down by the FDIC on Friday, May 8.  This bank failure is the first one for the month of May and is the fifth overall bank closure for 2015.
5/8/2015 *** Illinois *** Chicago *** Edgebrook Bank *** $16.8 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $16.8 million.
 
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Monday, October 20, 2014

FDIC closes bank in MD bringing total number of failed banks in 2014 to 15

NBRS Financial, located in Rising Sun, MD, was closed down by the FDIC on Friday, Oct. 17.  This bank failure is the first for the month of October and brings the total amount of bank closures in 2014 to 15.
10/17/2014 *** MD *** Rising Sun *** NBRS Financial *** $24.3 million dollar estimated FDIC DIF cost.

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Thursday, March 6, 2014

FDIC ends February with two bank failures in Eastern U.S.

Millennium Bank, N.A., located in Sterling, VA, and Vantage Point Bank, located in Horsham, PA, were closed down by the FDIC on Friday, Feb. 28.  These bank failures are the only two for the month of February, and bring the total amount of bank closures in 2014 to five.
2/28/2014 *** VA *** Sterling *** Millennium Bank, N.A. *** $7.7 million dollar estimated FDIC DIF cost.
2/28/2014 *** PA *** Horsham *** Vantage Point Bank *** $8.5 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $15.2 million.


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Monday, January 27, 2014

FDIC closes second bank of 2014 in Oklahoma

The Bank of Union, located in El Reno, OK, was closed down by the FDIC on Friday, Jan. 24.  This bank failure is the second for 2014 and comes following a year where 24 banks were closed by the Federal agency.
1/24/2014 *** OK *** El Reno *** The Bank of Union *** $70 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $70 million.
 
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Thursday, January 23, 2014

FDIC closes first bank of 2014 in Chicago

DuPage National Bank, located in West Chicago, IL, was closed down by the FDIC on Friday, Jan. 17.  This bank failure is the first for 2014 and comes following a year where 24 banks were closed by the Federal agency.
1/17/2014 *** IL *** West Chicago *** DuPage National Bank *** $1.6 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $1.6 million.



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Saturday, September 14, 2013

FDIC closes banks in Texas and Connecticut bringing total number of failed banks in 2013 to 22

First National Bank, Edinburg, TX, also operating as The National Bank of El Paso, and The Community’s Bank, located in Bridgeport, Connecticut, were closed down by the FDIC on Friday, Sept. 13.  These bank failures are the first two in the month of September, and bring the total number of failed banks in 2013 to 22.

8/23/2013 *** TX *** Edinburg *** First National Bank, Edinburg, TX, also operating as The National Bank of El Paso *** $637.5 million dollar estimated FDIC DIF cost.

8/23/2013 *** CT *** Bridgeport *** The Community’s Bank *** $7.8 million dollar estimated FDIC DIF cost. - FDIC



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