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.
Regulators closed banks in Florida, Georgia and New Mexico, awarding a third financial institution to Bond Street Holdings LLC, an investment firm that first bought banks in January. Bond Street’s Premier American Bank purchased Englewood, Florida-based Peninsula Bank, according to a statement on the Federal Deposit Insurance Corp.’s website. Yesterday’s three failures cost the agency’s [...]
High Desert State Bank, Albuquerque, NM with approximately $80.3 million in assets and approximately $81.0 million in deposits was closed. First American Bank, Artesia, NM, GA has agreed to assume all deposits (PR-145-2010).
First National Bank, Savannah, GA with approximately $252.5 million in assets and approximately $231.9 million in deposits was closed. The Savannah Bank, National Association, Savannah, GA has agreed to assume all deposits, excluding certain brokered deposits (PR-144-2010)
Peninsula Bank, Englewood, FL with approximately $644.3 million in assets and approximately $580.1 million in deposits was closed. Premier American Bank, Miami, FL has agreed to assume all deposits excluding certain brokered deposits. (PR-143-2010)
Nevada Security Bank, Reno, Nevada (also known as Silverado Bank, Roseville, CA), with approximately $480.3 million in assets and approximately $479.8 million in deposits was closed. Umpqua Bank, Roseburg, OR has agreed to assume all deposits, excluding certain brokered deposits. (PR-137-2010)
TierOne Bank, Lincoln, NE with approximately $2.8 billion in assets and approximately $2.1 billion in deposits was closed. Great Western Bank, Sioux Falls, SD has agreed to assume all deposits. (PR-132-2010)
Washington First International Bank, Seattle, WA with approximately $520.9 million in assets and approximately $441.4 million in deposits was closed. East West Bank, Pasadena, CA has agreed to assume all deposits. (PR-133-2010)
Arcola Homestead Savings Bank, Arcola, IL with approximately $17.0 million in assets and approximately $18.1 million in deposits was approved for payout by the FDIC Board of Directors. (PR-131-2010)
First National Bank, Rosedale, MS with approximately $60.4 million in assets and approximately $63.5 million in deposits was closed. Jefferson Bank, Fayette, MS has agreed to assume all deposits. (PR-130-2010)
