Bank Failures

Bank Closure in Dearborn: A Sad Ending for Fidelity's Long Struggle

Dennis Santiago | Posted 05.30.2012

Read More: Dennis Santiago, Sec, Fdic, Institutional Risk Analytics, Bank Failures, Dearborn Michigan, Nasdaq, Business News
Dennis Santiago

The fatal combination of being on the outs with Wall Street and the atrophy of the size of the business proved insurmountable and culminated in today's failure.

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Chicago Takes a Hit From the FDIC as New City Bank Fails With No Acquirer

Dennis Santiago | Posted 05.09.2012

Read More: Dennis Santiago, Fdic, Institutional Risk Analytics, Bank Failures, Chicago, Business News
Dennis Santiago

The FDIC closed the second bank of 2012 to fail with no acquirer today. South Michigan Avenue became the focus of Friday evening activities to shutter the $71 million institution.

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FDIC Shutters Banks in Illinois and Indiana

Dennis Santiago | Posted 04.11.2012

Read More: Fdic, Bank Failures, FDIC Bank Failures, FDIC Banks, Business News
Dennis Santiago

On Feb. 10, 2012 the FDIC shifted bank closure activity from the south to the center of the country this week failing Charter National Bank and Trust in Hoffman Estates, Ill. and SCB Bank of Shelbyville, Ind.

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FDIC Resumes Bank Closings

Dennis Santiago | Posted 03.21.2012

Read More: Dennis Santiago, Economic Recovery, Fdic, Bank Failures, Institutional Risk Analytics, Business News
Dennis Santiago

The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator.

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Mr. President, Stop the Great Bank Heist

Ed Koch | Posted 01.14.2012

Read More: New York Times, Beau Biden, Bank Failures, Eric Schneiderman, Barack Obama, New York News
Ed Koch

A New York Times editorial of November 9, 2011 sounded the alarm concerning what I would refer to as the Great Bank Heist. The robbery, however, is ...

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Regulator Charges Three Former Execs. From Failed California Bank

Posted 12.11.2011

Read More: Sec United Commercial Bank, Business News, Banking News, Video, Bank Failures, Failed California Bank, Securities and Exchange Commission, United-Commercial-Bank, Business News

Securities regulators on Tuesday charged three former executives of United Commercial Bank with misleading investors about loan losses before the ...

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Chase Freezes Couple's Account Without Explanation

The Huffington Post | Tara Kelly | Posted 11.22.2011

Read More: Chase Account, Chase Freeze Account, Video, Chase Freeze Couples Account, Bank Failures, Chase Freeze, Meagan Farrell, Mike Farrell, Chase Farrell, Bank-Fails, Business News

They say breaking up with banks is hard to do. But it probably won't be too difficult for Meagan and Mike Farrell, after an allegedly unnecessary roll...

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This Year's Total Bank Failures Rises

AP | Posted 09.22.2011

Read More: Recession Bank Closures, Florida Banks, Bank Failures 2011, Bank Failures List, Bank Closures, Small Bank Closure, Bank Failures, Colorado Banks, US Bank Failurers, Recovery Closed, Business News

WASHINGTON -- Regulators on Friday shut down two small banks in Florida and one in Colorado, bringing to 58 the number of U.S. bank failures this year...

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40th Bank Fails In 2011

AP | ALEX VEIGA | Posted 07.07.2011

Read More: Economic Recovery, Bank Failures 2011, Bank Failures, Finance, Economy, Banks, Financial Crisis, Banking Crisis, Business News

LOS ANGELES — Regulators on Friday shut down a small Florida bank, bringing the number of U.S. bank failures this year to 40. The pace of closu...

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The Most Dangerous States for Banking

Richard Barrington | Posted 05.25.2011

Read More: Bank Failures, Worst States for Banking, Business News
Richard Barrington

The failure of any one bank can be traced to a number of factors specific to that bank. However, the fact that bank failures seem to occur in clusters, heavy in some states, light in others, suggests that there are risk factors specific to certain areas.

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On The Brink: Troubled Banks Reach Highest Level In Decades

AP | MARCY GORDON | Posted 05.25.2011

Read More: Bank Failures, Troubled Banks New High, J.P. Morgan Chase, Bank of America, Banks, Troubled Banks, Business News

WASHINGTON — The number of banks at risk of failing made up nearly 12 percent of all federally insured banks in the final three months of 2010, ...

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Covering Your Assets: 7 Signs Your Bank May Be Failing

Richard Barrington | Posted 05.25.2011

Read More: Savings Accounts, Checking Accounts, Atm, Fdic, Bank Failures, FDIC Insurance, Business News
Richard Barrington

Even though the banking sector is getting healthier, there were still 157 bank failures in 2010. Here are seven signs to watch out for if you think your bank is in trouble.

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3 More Banks Shuttered, 14 Failures Already In 2011

AP | MARCY GORDON | Posted 05.25.2011

Read More: Banks Closed, Bank Failures, Economic Crisis, Small Banks, Business News, Banks, Financial Crisis, Banks-Shut, Business News

WASHINGTON — Regulators on Friday shut down three small banks in Georgia and Illinois, bringing to 14 the number of bank failures in 2011 follow...

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More Small Banks Close, Failures Climb To 11

AP | MARCY GORDON | Posted 05.25.2011

Read More: Business News, Fdic, Bank Deposits, Sheila Bair, Bank Failures, Small Banks, Economic Crisis, Federal Deposit Insurance Corp, Business News

WASHINGTON — Regulators on Friday closed banks in Colorado, New Mexico, Oklahoma and Wisconsin, lifting to 11 the number of bank failures in 201...

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FDIC Closes 4 Small Banks, Bringing 2011 Failures To 7

Posted 05.25.2011

Read More: Fdic, Bank Failures, Economic Crisis, Federal Deposit Insurance Corp, Business News, Banks, Sheila Bair, Small Banks, Business News

WASHINGTON (Reuters) - U.S. authorities closed four banks -- one in Denver and three in the U.S. Southeast -- on Friday with total assets of $2.7 bi...

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Regulators Want To Take Back Billions From Failed Bank Execs

Posted 05.25.2011

Read More: The Financial Fix, Fdic, Bank Failures, Federal-Deposit-Insurance-Coproration, Bank Directors, Failed Bank Execs, Clawbacks, Sheila Bair, Wall Street Pay, Financial Regulation, Bank Pay, Bank Execs, Business News

WASHINGTON: U.S. banking regulators have authorized lawsuits against 109 bank officials so far as they seek to recover at least $2.5 billion in losses...

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Big Fails: FDIC Names 2010 Worst Year For Banks Since 1992

washingtonpost.com | David S. Hilzenrath | Posted 05.25.2011

Read More: Bank Failure, Bank Failures, Subprime Mortgages, Fdic, Bank of America, Subprime Mortgage Crisis, Banks, Subprime Loan Crisis, Subprime Loans, Bank Fail, Too Big to Fail, Recession, Mortgage Crisis, Business News

More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Ins...

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U.S. Banks Failing At Fastest Pace In 2 Decades

Posted 05.25.2011

Read More: Fdic, Banks, Bank Failures, Bank Closings, Recession, Economy, Business News

MARCY GORDON, Associated Press WASHINGTON -- Regulators shut down four more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered l...

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FDIC Ready To Sue Executives From Failed Banks, Seeking Over $1B

Huffington Post | William Alden | Posted 05.25.2011

Read More: Fdic, Sheila Bair, Federal Deposit Insurance Corporation, Bank Failures, Washington Mutual, Executive Compensation, Lawsuit, Business News

The Federal Deposit Insurance Corporation is poised to sue over 50 executives from failed banks, Bloomberg News reports. The potential lawsuits would...

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Small Banks May Fail but They're Still a Better Bet

Katy Welter | Posted 05.25.2011

Read More: Banking, Community Banking, Move Your Money, Banking Crisis, Fdic, Bank Failures, Community Banks, Business News
Katy Welter

Bernanke may have no choice but to rescue to the big banks, but you do have a choice. You can move your money to a local institution that offers lots of upside when it succeeds and minimal impact when it fails.

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Hard Times Are Getting Harder, Left Is Silent

Danny Schechter | Posted 05.25.2011

Read More: Foreclosures, Tim Geithner Treasury Secretary, Bank Failures, Shorebank, Lack of Media Attention, Business News
Danny Schechter

Aren't job losses and foreclosures as important as a "Ground Zero Mosque" that isn't a mosque, hasn't been built, and isn't even at Ground Zero?

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Lender To Poor Fails Despite Furious Attempts To Save It

AP | MARCY GORDON | Posted 05.25.2011

Read More: Shorebank, Fdic, Bank Closures, Bank Failures, Bank Seizures, Urban Partnership Bank, Community National Bank, Independent National Bank, Imperial Savings and Loan Association, Butte Community Bank, Pacific State Bank, Los Padres Bank, Sonoma Valley Bank, Business News

WASHINGTON — Regulators on Friday shut down a big community bank based in Chicago that has been known for its social activism but racked by fina...

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More Than 100 U.S. Banks Have Failed THIS YEAR

AP | MARCY GORDON | Posted 05.25.2011

Read More: 100 Failed Banks, Bank Failures, Bank Seizures, FDIC Bank Failures, Failed Banks, 2010 Failed Banks, Banks, Banks Failed, Business News

WASHINGTON — U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carol...

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WaMu Failure

nytimes.com | SEWELL CHAN | Posted 05.25.2011

Read More: Treasury Department, JPMorgan Chase, Fdic, Occ, Washington Mutual Failure, Bank Failures, Kerry Killinger, Washington Mutual Collapse, WaMu Failure, Biggest Bank Failure in History, Federal Reserve, Suprime Mortgages, Business News

WASHINGTON -- Regulators failed for years to properly supervise the giant savings and loan Washington Mutual, even as the company wobbled under the we...

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Four More Banks SHUT DOWN, Expected Losses Total $320 MILLION

AP | MARCY GORDON | Posted 05.25.2011

Read More: Fdic, Bank Failures, FDIC Bank Failures, FDIC Banks Shut Down, FDIC Banks, Banks, Banks Shut Down, Business News

WASHINGTON — Regulators on Friday shut down two Georgia banks and one each in Florida and Arizona, bringing to 41 the number of bank failures in...

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