American Marine Bank »
American Marine Bank, Bainbridge Island, WA with approximately $373.2 million in assets and approximately $308.5 million in deposits was closed. Columbia State Bank, Tacoma, WA has agreed to assume all deposits, excluding certain brokered deposits....
January 29 2010 / No comment / Read More »
First Regional Bank »
First Regional Bank, Los Angeles, CA with approximately $2.18 billion in assets and approximately $1.87 billion in deposits was closed. First-Citizens Bank & Trust Company, Raleigh, NC has agreed to assume all deposits, excluding certain...
January 29 2010 / No comment / Read More »Six Banks Fail, 2010 Tally at 15 »
Six community banks failed Friday, bringing the 2010 tally of failed U.S. banking institutions to 15. Friday’s failures are expected to cost the Federal Deposit...
Jan 30 2010 / No comment / Read More »Commercial Property Is Biggest Risk, U.S. Bank Examiners Find »
Losses on commercial real estate loans pose the biggest risk to U.S. banks this year, troubling smaller lenders while unlikely to threaten the entire...
Jan 6 2010 / No comment / Read More »Worrisome trends of bank closings in America »
Yesterday’s bank closings (three total) evidence a continuation of the worrisome trends we have been seeing over the past several months. Based on an...
Dec 13 2009 / No comment / Read More »Bank failure tally reaches 130 »
Regulators close Cleveland-based AmTrust Bank, and five other banks which are estimated to cost the FDIC $2.4 billion. The nation’s tally of 2009 bank casualties...
Dec 4 2009 / No comment / Read More »
