Category Archives: Uncategorized

First East Side Savings Bank Tamarac Florida Closing

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Stearns Bank National Association, St. Cloud, Minnesota, Assumes All of the Deposits of First East Side Savings Bank, Tamarac, Florida   First East Side Savings Bank, Tamarac, Florida, was closed today by the Office of the Comptroller of the Currency, … Continue reading

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December Bank Failures 2010

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December Bank Failures 2010   Bank failures for the month of December 2010 Community National Bank, Lino Lakes, MN with approximately $31.6 million in total assets and $28.8 million in total deposits was closed. Farmers & Merchants Savings Bank, Manchester, … Continue reading

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Bank Failures for November 2010

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The list of Bank Failures for November 2010 is updated through November 19, 2010. November First Banking Center, Burlington, WI with approximately $750.7 million in total assets and $664.8 million in total deposits was closed. First Michigan Bank, Troy, MI … Continue reading

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October Bank Failures 2010

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October Bank Failures 2010 First Arizona Savings, A FSB, Scottsdale, AZ with approximately $272.2 million in total assets and $198.8 million in total deposits was closed. The FDIC has approved the payout of the insured deposits of First Arizona Savings, … Continue reading

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September Bank Failures 2010

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September Bank Failures 2010 North County Bank, Arlington, WA with approximately $288.8 million total assets and $276.1 million in total deposits was closed. Whidbey Island Bank, Cupeville, WA has agreed to assume all deposits excluding certain brokered deposits.(PR-215-2010). Haven Trust … Continue reading

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Bank Failures July 2010

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Bank Failures July 2010 Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).FDIC July LibertyBank, Eugene, OR with approximately $768.2 million in total assets and $718.5 million in total deposits was closed. Home Federal Bank, Nampa, … Continue reading

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Bank Failures in US What causes a bank Failure FDIC

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Bank Failures Closings   A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. More specifically, a bank usually … Continue reading

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