#100, 101, 102, 103, 104, 105, 106

by Tom on October 23, 2009
in banks

Wow, take the night away from the computer to attend your daughter’s orchestra concert and you find out that the FDIC has been busy. They shut down 7 banks tonight!

Thanks to Calculated Risk for the FDIC Press Releases.

FDIC Press Release:

Partners Bank, Naples, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of September 30, 2009, Partners Bank had total assets of $65.5 million and total deposits of approximately $64.9 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.6 million. … Partners Bank is the 100th FDIC-insured institution to fail in the Nation this year, and the seventh in Florida. The last FDIC-insured institution closed in the state was Community National Bank of Sarasota County, Venice, on August 7, 2009.

From the FDIC: American United Bank, Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of August 11, 2009, American United Bank had total assets of $111 million and total deposits of approximately $101 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $44 million. … American United Bank is the 101st FDIC-insured institution to fail in the Nation this year, and the twentieth in Georgia. The last FDIC

From the FDIC:

Flagship National Bank, Bradenton, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of August 31, 2009, Flagship National Bank had total assets of $190 million and total deposits of approximately $175 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $59 million. … Flagship National Bank is the 103rd FDIC-insured institution to fail in the Nation this year, and the ninth in Florida. The last FDIC-insured institution closed in the state was Hillcrest Bank Florida, Naples, which also closed today.

From the FDIC:

Hillcrest Bank Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of October 1, 2009 , Hillcrest Bank Florida had total assets of $83 million and total deposits of approximately $84 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $45 million. … Hillcrest Bank Florida is the 102nd FDIC-insured institution to fail in the Nation this year, and the eighth in Florida. The last FDIC-insured institution closed in the state was Partners Bank, Naples, earlier this evening.

From the FDIC:

Riverview Community Bank, Otsego, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of August 31, 2009, Riverview Community Bank had total assets of $108 million and total deposits of approximately $80 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20 million. … Riverview Community Bank is the 105th FDIC-insured institution to fail in the Nation this year, and the fifth in Minnesota. The last FDIC-insured institution closed in the state was Jennings State Bank, Spring Grove, on October 2, 2009.

From the FDIC:

Bank of Elmwood, Racine, Wisconsin, was closed today by the Wisconsin Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. …

As of September 30, 2009, Bank of Elmwood had total assets of $327.4 million and total deposits of approximately $273.2 million. …

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $101.1 million. … Bank of Elmwood is the 104th FDIC-insured institution to fail in the Nation this year, and the first in Wisconsin. The last FDIC-insured institution closed in the state was The First National Bank of Blanchardville, Blanchardville, on May 9, 2003