Archive for October, 2009

U.S. Bank Takes Over Nine Failed Banks!

U.S. Bank, Minneapolis, Minnesota, Assumes All Deposits of Nine Failed Banks in Arizona, California, Illinois and Texas.

The nine banks which were closed:
Bank USA, National Association, Phoenix, Arizona;
California National Bank, Los Angeles, California;
San Diego National Bank, San Diego, California;
Pacific National Bank, San Francisco, California;
Park National Bank, Chicago, Illinois;
Community Bank of Lemont, Lemont, Illinois;
North Houston Bank, [...]

First Dupage Bank Closed!

First Midwest Bank Assumes All of the Deposits of First Dupage Bank, Westmont, Illinois.
The Illinois Department of Financial & Professional Regulation – Division of Banking closed First Dupage Bank, Westmont, Illinois today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with First Midwest Bank, Itasca, Illinois which [...]

Riverview Community Bank Closed!

Central Bank Assumes All of the Deposits of Riverview Community Bank, Otsego, Minnesota.

The Minnesota Department of Commerce closed Riverview Community Bank, Otsego, Minnesota today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Central Bank, Stillwater, Minnesota which will assume all deposits of Riverview Community Bank.

Bank of Elmwood Closed!

Tri City National Bank Assumes all the Deposits of Bank of Elmwood, Racine, Wisconsin.
The Wisconsin Department of Financial Institutions closed Bank of Elmwood, Racine, Wisconsin today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Tri City National Bank, Oak Creek, Wisconsin which will assume all deposits [...]

Flagship National Bank Closed!

First Federal Bank of Florida Assumes All Deposits of Flagship National Bank.

The Office of the Comptroller of the Currency closed Flagship National Bank, Bradenton, Florida today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with First Federal Bank, Lake City, Florida which will assume all deposits of Flagship [...]

Hillcrest Bank Closed!

Stonegate Bank, Fort Lauderdale, Florida, Assumes All of The Deposits of Hillcrest Bank, Naples, Florida.

The Florida Office of Financial Regulation closed Hillcrest Bank, Naples, Florida today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Stonegate Bank, Fort Lauderdale, Florida which will assume all deposits of Hillcrest Bank.
Hillcrest [...]

American United Bank Closed!

Ameris Bank, Moultrie, Georgia, Assumes All Deposits of American United Bank, Lawrenceville, Georgia.

The Georgia Department of Banking & Finance closed American United Bank, Lawrenceville, Georgia today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Ameris Bank, Moultrie, Georgia which will assume all deposits of American United Bank.
American [...]

Partners Bank Closed!

Stonegate Bank, Fort Lauderdale, Florida, Assumes All Deposits of Partners Bank, Naples, Florida.

The Office of Thrift Supervision closed Partners Bank, Naples, Florida today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Stonegate Bank, Fort Lauderdale, Florida which will assume all deposits of Partners Bank.
Partners Bank had two [...]

San Joaquin Bank Closed!

Citizens Business Bank, Ontario, California Assumes All Deposits of San Joaquin Bank, Bakersfield, California.

The California Department of Financial Institutions closed San Joaquin Bank, Bakersfield, California today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Citizens Business Bank, Ontario, California which will assume all deposits of San Joaquin [...]

Southern Colorado National Bank Closed!

Legacy Bank, Wiley, Colorado Assumes All Deposits of Southern Colorado National Bank, Pueblo, Colorado.

The Office of the Comptroller of the Currency closed Southern Colorado National Bank, Pueblo, Colorado today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Legacy Bank, Wiley, Colorado which will assume all deposits of [...]

Jennings State Bank Closed!

Central Bank, Stillwater, Minnesota Assumes All Deposits of Jennings State Bank, Spring Grove, Minnesota.

The Minnesota Department of Commerce closed Jennings State Bank, Spring Grove, Minnesota today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Central Bank, Stillwater, Minnesota which will assume all deposits of Jennings State Bank.
Jennings [...]

Warren Bank Closed!

Huntington National Bank of Columbus Ohio Assumes All Deposits of Warren Bank, Warren, Michigan.

The Michigan Office of Financial and Insurance Regulation closed Warren Bank of Warren, Michigan today. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC entered into an agreement with Huntington National Bank which will assume all deposits of Warren Bank.
Warren [...]