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Sunrise Bank of Arizona Closed By Regulators, Fifth Bank Collapse For Capitol Bancorp in Three Months 24 Aug 2013 | 09:55 am
State regulators closed down the Sunrise Bank of Arizona, Phoenix, Arizona, and appointed the FDIC as receiver. To protect depositors, the FDIC sold the failed bank to First Fidelity Bank, N.A., Okla...
Community South Bank, TN, Becomes Second Largest Bank Failure of 2013 24 Aug 2013 | 06:26 am
The second largest bank failure of the year occurred today as regulators closed down Community South Bank, Parsons, Tennessee, which had total assets of $386.9 million as of June 30, 2013. The larges...
Bank of Wausau, WI, Closed by Regulators – 18th Bank Failure of 2013 10 Aug 2013 | 05:59 am
Bank of Wausau, a small community bank serving central Wisconsin, was shut down by state financial regulators who appointed the FDIC as receiver. To protect depositors, the FDIC sold the failed bank ...
Feds Close First Community Bank of Southwest Florida – 17th Bank Failure of 2013 3 Aug 2013 | 06:24 am
After a hiatus of almost two months bank failures resumed with a Florida bank becoming the 17 bank failure of the year. Regulators got back to work and closed the First Community Bank of Southwest ...
Bank Depositors Take More Risk Than They Realize 20 Jun 2013 | 10:20 am
Bank depositors have long enjoyed the comfort of knowing that their savings are insured by the FDIC and, if necessary, by a $500 billion line of credit from the U.S. Treasury that is available to addr...
Mountain National Bank, Tennessee, Closed By Regulators – 16th Bank Failure of 2013 8 Jun 2013 | 06:02 am
Mountain National Bank, Sevierville, TN was closed today by the Office of the Comptroller of the Currency. The FDIC, appointed as receiver, sold the failed bank to First Tennessee Bank, N.A., Memphis...
1st Commerce Bank, Nevada, Closed By Regulators – Fourth Bank Collapse In A Month for Capitol Bancorp 7 Jun 2013 | 01:38 pm
Nevada had its first bank failure in over two years as regulators swooped in to close tiny 1st Commerce Bank, North Las Vegas, Nevada. After closing the bank, the FDIC exercised its powers as receive...
Banks of Wisconsin, Closed By Regulators, Becomes 14th Bank Failure of 2013 1 Jun 2013 | 10:11 am
Wisconsin had its first bank failure in over two years on Friday when state regulators closed Banks of Wisconsin, Kenosha, Wisconsin. The FDIC, appointed as receiver, sold the failed bank to North Sh...
FDIC Problem Bank List Includes Almost 9% of All Banks 29 May 2013 | 11:16 pm
The number of problem banks declined slightly during the first quarter of 2013. According to the latest Quarterly Banking Profile released today by the FDIC, the number of problem banks declined from...
Two U.S. Banks Included In “The World’s 20 Strongest Banks” 16 May 2013 | 08:24 am
A short number of years ago the “too big to fail banks” had to be bailed out with trillions of dollars in financial aid from both the taxpayers and the Federal Reserve. At one point there were seriou...
