Topic
Bank Failures
Even as most analysts agree the banking system is on the road to recovery, the number of bank failures continues to mount. Nearly every Friday, the FDIC is appointed receiver of at least a few more community banks. Still, there are signs the number of collapses may be peaking, and FDIC Chairman Sheila Bair has predicted failures will drop off toward the end of the year.
Tennessee Suffers Two Bank Failures After Nearly Decade-Long Break
American Banker | Jan 27In the matter of an evening, Tennessee jumped from having no bank failures so far this crisis, to being tied with Florida so far this year.
Florida, Arizona Bank Collapses Drive '11 Failure Total to 92
American Banker | Dec 16In what is probably the last night for bank collapses in 2011, regulators closed banks in Florida and Arizona, bringing the year's failure tally to 92.
Regulators Close Small Georgia Bank
American Banker | Nov 10State regulators closed the $62.4 million-asset Community Bank of Rockmart in Georgia on Thursday, the 88th failure this year.
Utah Bank with Alleged Links to Online Scam Fails
American Banker | Nov 04Regulators also seize community bank in Nebraska as the year's failure toll stretches to 87.
FDIC Suit Claims Failed Chicago Bank Footed Luxury Wedding
American Banker | Oct 31The agency has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.
Illinois Bank's Failure Raises 2011 Total to 85
American Banker | Oct 28The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.
Three Southeast Failures Stretch Year's Toll to 83
American Banker | Oct 21Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.
Four Failures Lift 2011 Total to 80
American Banker | Oct 14State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.
Two Failures in Midwest Raise U.S. Toll to 76 in 2011
American Banker | Oct 07Two failures late Friday - one in Minnesota and one in Missouri = cost the Deposit Insurance Fund nearly $190 million.
Regulators Shut Two Banks, in Virginia and California
American Banker | Sep 23State regulators closed a bank on each coast Friday, bringing the failure tally this year to 73.
