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.
The April 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the supply of, and demand for, bank loans to businesses and households over the past three months. The survey included three sets of special questions. The first set asked banks about lending policies regarding business credit card accounts for use [...]
Bank of Florida – Southeast, Fort Lauderdale, FL with approximately $595.3 million in assets and approximately $531.7 million in deposits was closed. EverBank, Jacksonville, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-125-2010)
Bank of Florida – Southwest, Naples, FL with approximately $640.9 million in assets and approximately $559.9 million in deposits was closed. EverBank, Jacksonville, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-125-2010)
Bank of Florida – Tampa Bay, Tampa, FL with approximately $245.2 million in assets and approximately $224.0 million in deposits was closed. EverBank, Jacksonville, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-125-2010)
Granite Community Bank, NA, Granite Bay, CA with approximately $102.9 million in assets and approximately $94.2 million in deposits was closed. Tri Counties Bank, Chico, CA has agreed to assume all deposits. (PR-126-2010)
Sun West Bank, Las Vegas, NV with approximately $360.7 million in assets and approximately $353.9 million in deposits was closed. City National Bank, Los Angeles, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-127-2010)
Pinehurst Bank, St. Paul, MN with approximately $61.2 million in assets and approximately $58.3 million in deposits was closed. Coulee Bank, La Crosse, WI has agreed to assume all deposits. (PR-118-2010)
After contending with nearly 240 bank failures since the financial crisis struck, the Federal Deposit Insurance Corporation is finally getting some help from private investors. A spate of recent banking takeovers and investments suggests that stronger financial institutions and private investment firms see value in the detritus of American banking. According to an article in [...]
Butler Bank, Lowell, MA with approximately $268.0 million in assets and approximately $233.2 million in deposits was closed. People’s United Bank, Bridgeport, CT has agreed to assume all deposits. (PR-079-2010)
Tamalpais Bank, San Rafael, CA with approximately $628.9 million in assets and approximately $487.6 million in deposits was closed. Union Bank, National Association, San Francisco, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-081-2010)
