Articles tagged with FDIC

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Not Everybody Loses on Bank Failure Friday

Three more banks failed on Friday, bringing the year’s total to 133. The FDIC estimates Friday’s failures will cost its insurance … more…

Bank Failure Friday Roars Back: Six Banks Fail, Costing FDIC $2.4 Billion

After a brief holiday respite, bank failure Friday came back with a vengeance yesterday. The FDIC and its fellow regulators closed … more…

Number of Banks on FDIC’s ‘Problem List’ Soars

The FDIC released its quarterly survey of the banking industry today. On Page 3 of the survey, lodged in the middle of a paragraph … more…

Slow Bank Failure Friday

Despite a problem bank list brimming with about 400 institutions, the FDIC shuttered only one bank on Friday. The agency does not … more…

Regulators Seize Another Recipient of TARP ‘Healthy Bank’ Bailout

Regulators seized three banks yesterday, bringing the toll of failed banks for the year to 123. As always, we’ve updated our list … more…

Bank Failure Friday Fells a ‘Healthy Bank’ Bailout Recipient

San Francisco-based United Commercial Bank has become the first recipient of TARP bailout money to be shut down by the FDIC. Last … more…

Bank Failure Friday: Nine Banks, One Big Failure

On the one hand, yesterday was just another Friday. Nine more banks failed, bringing the year’s toll to 115. As always, our big … more…

Bank Failure Century Mark Overshadowed By Six More

The Office of Thrift Supervision was the first regulator to break the news of the 100th bank failure for the year. Yesterday, … more…

Bank Failure Friday Inches Toward Century Mark

The FDIC shuttered California’s San Joaquin Bank on Friday, putting the total number of bank failures for the year at 99. (See … more…

Another Three Bank Failures, Year’s Total Nears Triple Digits

Three bank failures on Friday brought the total number of FDIC-insured institutions that have failed this year to 98. The … more…

Adding Up the Financial Rescue: Fall Edition

Putting a dollar amount on the financial rescue isn’t an easy task, as we’ve noted before. Those looking for an answer can find … more…

Bank Failure Friday Marches Through Atlanta

On Friday, the FDIC announced the failure of Atlanta’s Georgian Bank. It’s the 95th failure for the year and the 19th in Georgia. … more…

Failure Friday Twofer Brings Bank Toll to 94

The FDIC assumed control of two more banks on Friday bringing the total number of bank failures for the year to 94. The banks were … more…

Bank Failure Friday Catches Up with Corus

Speculation that Chicago-based Corus Bank would fail dates to at least last February. Yesterday the FDIC and the bank’s primary … more…

Bank Failure Friday: Labor Day Weekend Edition

Sept. 8: This post has been corrected.

Five banks failed Friday, bringing this year’s total to 89.

Here is our complete list of … more…

Bank Failure Friday Claims Three More

Three banks failed Friday, bringing this year’s total to 84.

You can see our complete list of those failed banks here.

The three … more…

Bank Failure Friday Texas Style

Four banks failed Friday, bringing the total for the year to 81. The largest by far was Guaranty Bank. With assets of $13 billion, … more…

Bank Failure Friday Costs FDIC Nearly $4 Billion

The Federal Deposit Insurance Corp. shuttered five banks on Friday, bringing the total number of failures for the year to 77. The … more…

Oregon, Florida Banks Fail Friday

Three more banks failed Friday, bringing the total for the year to 72. Two of the casualties were in Florida, and the third was in … more…

Five Fingered Failure Friday

Five banks failed on Friday, pushing the total number of failures for the year to 69. Together the five failures cost the FDIC … more…