Three More Failures Bring Yearly Total to 30

The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year’s failure tally to 30.

Fed Gives Horizon Bank an Ultimatum

The Federal Reserve Board gave the $200 million-asset Horizon Bank a narrow time frame to raise capital or find a buyer.

Loss Widens at TIB of Florida

TIB Financial Corp. of Naples, Fla., said its fourth-quarter loss widened to $45.1 million from $13.2 million a year earlier.

Four Failures Bring 2010 Total to 26

FDIC creates temporary bank for Waterfield

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1B and their resolution is expected ...

Executive Changes

Burden of Proof Grows in Foreclosure Hub Florida

A pair of Florida court rulings will make foreclosures in this hard-hit housing market even more painful for lenders.

EverBank May Buy Rights

EverBank in Jacksonville, Fla., is negotiating to buy a $10B package of residential servicing rights from Flagstar Bancorp, according to investment banking sources familiar ...

Failed-Bank Winners Share Secrets to Success

Small banks face myriad and often frustrating obstacles to acquiring failed banks. But some smart strategies have separated the successful bidders from the rest, including raising ...

IndyMac Buyers Pick Up Another Failed Bank

Four Collapses Bring Yearly Total to 20

Four failures late Friday cost the government an additional $1B. Among the closings, which brought the year's total to 20, was that of $3.6B-asset La Jolla Bank in La Jolla, Calif.

Everbank Wants More Deals That Boost Its Capital Ratio

Few private deals have had such a dramatic effect on a company's capital as Everbank's purchase of commercial finance and specialty lender Tygris, industry watchers said.

Hibernia Execs Find Cash, New Home in South Florida

First Southern Bancorp has raised about $400 million to acquire failed banks in the south Florida market. Along with the capital, the company added some well-known bankers.

PE Buyers Strike Again as Six Banks Fail

For the second Friday in a row, the FDIC relied on new-bank capital to find homes for the operations of failed institutions.

Failed-Bank Deal Puts Shelf Charter in Spotlight

Regulators may be more open to selling failed banks to nontraditional owners — or maybe there are just fewer buyers.

Five Failures, Five States at Total Cost of $532M

PE buyer finally gets to use 'shelf' charter

WASHINGTON — Regulators seized five banks in as many states Friday, bringing the 2010 failure total to nine.