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FDIC Issues 80 Enforcement Actions In August Against Banks and Individuals
The FDIC announced today that a total of 80 enforcement actions were issued against banks and individuals in August. In the previous month, the FDIC issued 56 enforcement actions. Enforcement actions...
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FDIC Issues 67 Enforcement Actions In September Against Banks and Individuals
A total of 67 enforcement actions were taken by the FDIC against banks and individuals in September, down from 80 in the prior month. The September enforcement actions included the following: 8 consent...
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Citizens First National Bank, IL, Founded In 1865, Closed By Regulators
One of the country’s oldest banks, Citizens First National Bank, Princeton, IL, was closed today by the Comptroller of the Currency. The FDIC, acting as receiver, sold the failed bank to Heartland...
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2012 Bank Failures Lowest Since 2008 As Regulators Close 51 Banks
During the past five years we have witnessed the greatest financial turmoil since the Great Depression. Hundreds of giant bank failures rocked the nation, real estate values crashed, trillions of...
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FDIC Issues 71 Enforcement Actions Against Banks and Individuals In December
The FDIC today issued the list of 71 enforcement actions taken against banks and individuals in December 2012. In the previous month, there were a total of 72 enforcement actions taken. The December...
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Number of Banks on FDIC Problem Bank List Remains Historically High
The number of banks on the FDIC Problem Bank List declined for the seventh consecutive quarter. According to the latest FDIC Quarterly Banking Profile, the number of problem banks as of December 31,...
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Will the Failure of Pisgah Community Bank Trigger the Collapse of 10 Related...
Bank failures don’t come much smaller than today’s closing of Pisgah Community Bank, Asheville, N.C. Total assets at Pisgah amounted to only $21.9 million, smaller than what many of the top executives...
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Sunrise Bank, GA, Closed As Regulators Zero In On Capitol Bancorp
Regulators closed the second bank of the day controlled by Capitol Bancorp, the troubled holding company that holds 11 different banks in nine different states. Sunrise Bank, Valdosta, GA, was closed...
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FDIC Problem Bank List Includes Almost 9% of All Banks
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...
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Mountain National Bank, Tennessee, Closed By Regulators – 16th Bank Failure...
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.,...
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Sunrise Bank of Arizona Closed By Regulators, Fifth Bank Collapse For Capitol...
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.,...
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Number of Problem Banks Decline By 10% In Second Quarter
The latest Quarterly Banking Profile issued by the FDIC today shows almost a 10% decline in the number of banks on the confidential FDIC Problem Bank List. The number of problem banks finally declined...
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The Bank of Union, El Reno, OK, Becomes Second Bank Failure of 2014
The second bank failure of 2014 occurred today when regulators closed down The Bank of Union, El Reno, OK. Founded in 1900, The Bank of Union had survived financial panics, depressions and two world...
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Syringa Bank, Idaho, Becomes Third Banking Failure of 2014
Idaho state banking regulators closed Syringa Bank, Boise, Idaho, and appointed the FDIC as receiver for the failed bank. The FDIC sold Syringa Bank to Sunwest Bank, Irvine, CA, which will assume all...
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FDIC Says Problem Banks Still Six Times Higher Than in 2007
The FDIC Quarterly Banking Profile for the fourth quarter of 2013 shows a continued reduction in the number of problem banks. The total number of banks on the FDIC Problem Bank List decreased for the...
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FDIC Issues 40 Enforcement Actions
The FDIC issued a list of 40 enforcement actions taken against banks and individuals during March 2014. The enforcement actions include the following: 4 consent orders 1 prompt corrective action...
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AztecAmerica Bank, Berwyn, Illinois, Seventh Bank Failure of 2014
AztecAmerica Bank, Berwyn, Illinois was closed today by state regulators and the FDIC was named as receiver. Founded in September 2005 at the height of the real estate boom, AztecAmerica remained a...
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Columbia Savings Bank, Ohio, Eighth Bank Failure of 2014 – Hundreds of Zombie...
State regulators shuttered a small Ohio bank which became the eighth banking failure of the year. The Ohio Division of Financial Institutions closed Columbia Savings Bank, Cincinnati, Ohio, and...
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FDIC Reveals That Over 400 Banks Remain on the Problem Bank List
The recently released Quarterly Banking Profile from the FDIC reveals that over 400 banks remain on the Problem Bank List more than six years after the start of the biggest banking crisis since the...
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Slavie Federal Savings Bank, MD, Closed by Regulators, Ninth Bank Failure of...
Slavie Federal Savings Bank, Bel Air, Maryland, became the ninth banking failure of 2014 as the Office of the Comptroller of the Currency closed the insolvent bank. The FDIC, appointed as receiver,...
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