2022-09-16 01:47
The uproar on social media and complaints filed with regulatory agencies about the M&T/People’s merger fiasco has been so loud that the Attorney General for the State of Connecticu… Read More
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Tracking the problem bank list maintained by the FDIC, which includes financial institutions in danger of becoming failing. Latest information on failed banks and the FDIC.
2022-09-13 22:50
Customers of People’s United Bank are furious over the horrendous outcome of their merger with M&T Bank. It’s not like the banks didn’t have enough time to plan t… Read More
2017-05-06 03:35
For the second week in a row a billion dollar bank was closed by regulators. Last week it was First NBC Bank of New Orleans and today it was Guaranty Bank, Milwaukee, Wisconsin (doing… Read More
2017-04-29 06:49
A very large bank failure occurred today when state regulators closed First NBC Bank, New Orleans, and appointed the FDIC as receiver. To prevent losses to depositors, the FDIC to… Read More
2016-09-26 04:41
It’s been six years since a bank failed in the state of Arkansas but this trend ended on Friday when state regulators closed Allied Bank in Mulberry, Arkansas. The failure o… Read More
2016-08-20 00:29
The Woodbury Banking Company, a tiny bank located in Woodbury, Georgia, was closed today by Georgia state regulators. The FDIC, appointed as receiver, sold the bank to United Bank, Zeb… Read More
2016-05-07 05:37
The largest banking failure of the year occurred when state regulators closed the First Cornerstone Bank, King of Prussia, PA. In order to protect depositors, the FDIC in its role as r… Read More
2016-04-30 04:04
Trust Company Bank, Memphis, Tennessee, was closed by state regulators who appointed the FDIC as receiver. In order to protect depositors the FDIC sold the failed bank to The Bank of F… Read More
2016-03-12 03:29
The first bank failure of 2016 occurred today when regulators closed a small bank in Wisconsin. It has been almost six months since the last banking failure in the U.S. The last… Read More
2015-11-25 05:47
The number of banks on the FDIC Problem Bank List continues its steady decline since peaking at 888 banks in March 2011. According to the latest FDIC Quarterly Banking Profile the numb… Read More
2015-10-03 06:46
After almost three months since the last bank closing regulators closed two banks on the first Friday of October. The first bank failure occurred when The Bank of Georgia, Peachtr… Read More
2015-10-03 05:45
After almost a three month hiatus of bank failures, regulators closed The Bank of Georgia, Peachtree City, Georgia. Fulfilling one of its primary roles as guarantor of depositor f… Read More
2015-07-11 04:51
After a hiatus of two months the sixth banking failure of 2015 occurred today when regulators closed Premier Bank, Denver, CO. The last banking failure occurred on May 8th when Edgebro… Read More
2015-05-29 01:44
The number of banks operating in the United States has been in an amazing decline for the past 25 years. Many institutions disappeared after going bust during the savings and loan cris… Read More
2015-05-28 04:15
According to the latest FDIC Quarterly Banking Profile the number of problem banks has declined to a six year low. As of March 31, 2015, a total of 253 banks were still classified as p… Read More
2015-05-09 06:52
After over a two month hiatus with no bank closings, regulators swooped in to close the Edgebrook Bank, Chicago, Illinois. The last banking failure occurred on February 28, 2015 when r… Read More
2015-03-04 16:30
Prior to the banking crisis that began in 2008 bank failures had been a rare occurrence with only 32 banking failures between 2000 to 2007.
During 2008 the wheels began to fall off the finan… Read More
2015-03-04 15:09
In 2007 it would have been inconceivable for anyone to imagine that savers would receive virtually zero percent return on their money. The entire concept of wealth creation is built no… Read More
2015-02-28 14:22
The largest bank failure since 2010 left the FDIC on the hook for almost $1 billion in losses as the giant $5.9 billion asset Doral Bank, San Juan, Puerto Rico, was closed by bank regulators… Read More
2006-06-07 11:16
As if banks didn’t have enough problems to worry about, a recent government report reveals that theft from ATM machine was become a widespread problem. The alarm bell on ATM fraud was… Read More
2006-06-07 11:16
Vantage Point Bank, Horsham, PA, became the fifth banking failure of 2014 as regulators swooped in to close the insolvent bank. Established in December 2007 as real estate values were… Read More
2006-06-07 11:16
Millennium Bank, Sterling, Virginia, was close today by the Office of the Comptroller. The failed bank which was established in 1999 was placed into receivership with the FDIC. &n&hell…Read More
Increased Bank Profits Mainly Due To Lower Loan Loss Provisions – When Will Real Profits Increase?
2006-06-07 11:16
On the surface the latest FDIC Quarterly Banking Profile reflects a recovering banking industry with robust profit growth. For the fourth quarter of 2013 banks collectively reported ne… Read More
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