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.
First Integrity Bank, National Association, Staples, Minnesota, with approximately $54.7 million in assets was closed. First International Bank and Trust, Watford City, North Dakota has agreed to assume all deposits (approximately $50.3 million). (PR-41-2008)
Silverton Bank, N.A., Atlanta, Georgia, with approximately $4.1 billion in assets and $3.3 billion in deposits was closed. The FDIC created a bridge bank, Silverton Bridge Bank, N.A., to take over operations. (PR-61-2009)
Citizens Community Bank, Ridgewood, New Jersey, with approximately $45.1 million in assets, was closed. North Jersey Community Bank, Englewood Cliffs, New Jersey, has agreed to assume all deposits (approximately $43.7 million). (PR-62-2009)
America West Bank, Layton, Utah, with approximately $299.4 million in assets, was closed. Cache Valley Bank, Logan, Utah, has agreed to assume all deposits (approximately $284.1 million). (PR-63-2009)
Westsound Bank, Bremerton, Washington, with approximately $334.6 million in assets and $304.5 million in deposits, was closed. Kitsap Bank, Port Orchard, Washington, has agreed to assume all non-brokered deposits. (PR-69-2009)
BankUnited, FSB, Coral Gables, Florida, with approximately $12.8 billion in assets, was closed. BankUnited, Coral Gables, Florida, has agreed to assume all deposits (approximately $8.6 billion). (PR-72-2009)
Strategic Capital Bank, Champaign, Illinois, with approximately $537 million in assets, was closed. Midland States Bank, Effingham, Illinois, has agreed to assume all deposits (approximately $471 million). (PR-75-2009)
Citizens National Bank, Macomb, Illinois, with approximately $437 million in assets, was closed. Morton Community Bank, Morton, Illinois, has agreed to assume all non-brokered deposits (approximately $400 million). (PR-76-2009)
On Wednesday, May 13, 2009 the LA Times published a story entitled: Sour commercial real estate loans threaten to hurt regional banks. The story deals primarily with an update on the smaller community and regional banks that, with a few exceptions, couldn’t compete in the residential mortgage market during the housing bubble, so they focused [...]
The April 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, loans to businesses and households over the previous three months. The survey also included two sets of special questions: The first set asked banks about their expectations for delinquencies and charge-offs on existing loans [...]
