FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.

Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.

Archive for: December, 2008

Banking Bust Boom: FDIC Jobs Set To Be Lucrative, Contested

Banking Bust Boom: FDIC Jobs Set To Be Lucrative, Contested

In 2009, the biggest source of new, six-figure jobs in Orange County could end up being a banking regulator.
The Federal Deposit Insurance Corp. is in the early stages of hiring for its new office in the Irvine Spectrum, which is set to open its doors shortly to handle West Coast bank failures.
According to an article [...]

First Georgia Community Bank

First Georgia Community Bank

First Georgia Community Bank, Jackson, Georgia, with approximately $237.5 million in total assets and $197.4 million in total deposits, was closed. United Bank, Zebulon, Georgia has agreed to assume all deposits. (PR-132-2008)

Haven Trust Bank

Haven Trust Bank

Haven Trust Bank, Duluth, Georgia, with approximately $572 million in total assets and $515 million in total deposits, was closed. Branch Banking and Trust Company, Winston-Salem, North Carolina has agreed to assume all deposits. (PR-134-2008)

Sanderson State Bank

Sanderson State Bank

Sanderson State Bank, Sanderson, Texas, with approximately $37 million in total assets and $27.9 million in total deposits, was closed. The Pecos County State Bank, Fort Stockton, Texas has agreed to assume all deposits. (PR-135-2008)

21st Australasian Finance and Banking Conference

Improving International Financial Architecture

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