Regulators close Michigan bank, small bank in Minnesota; marks 97 US bank failures this yearOctober 2nd, 2009 Regulators close banks in Michigan, MinnesotaNEW YORK — Regulators have shut down Warren Bank in Warren, Mich., and a small bank in Minnesota, boosting the number of failed U.S. banks this year to 97 as loan defaults rise in the worst financial climate in decades.
Regulators close Michigan bank, small banks in Colorado, Minnesota; marks 98 US bank failuresOctober 2nd, 2009 Regulators close banks in Colorado, Mich., Minn.NEW YORK — Regulators have shut Warren Bank in Warren, Mich., and two small banks in Colorado and Minnesota, boosting the number of failed U.S. banks this year to 98 as loan defaults rise in the worst financial climate in decades.
Summary Box: FDIC weighs steps, including loans from banks, to shore up insurance fundSeptember 22nd, 2009 Summary Box: FDIC weighs steps to shore up fundTHE PROBLEM: The fund to insure deposits has been depleted by bank failures since the financial crisis struck. THE OPTIONS: Regulators could borrow billions from healthy banks, levy an extra fee on the industry, borrow from Treasury or collect banks' insurance premiums early.
Regulators take over 2 banking units of Irwin Financial; 94 bank failures so far this yearSeptember 18th, 2009 Regulators seize 2 banks; 94 failures this yearNEW YORK — Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally insured banks.
Regulators shut small banks in Maryland, Minnesota; makes 83 US bank failures this yearAugust 29th, 2009 Regulators shut banks in Maryland, MinnesotaWASHINGTON — Regulators on Friday shut down small banks in Maryland and Minnesota, pushing to 83 the number of bank failures this year amid the soured economy and rising loan defaults. The Federal Deposit Insurance Corp.
Summary Box: FDIC says bank deposit insurance fund down 20 percent in second quarterAugust 27th, 2009 Summary Box: Bank insurance fund down 20 percentDWINDLING INSURANCE FUND: The Federal Deposit Insurance Corp. says the fund that guarantees bank deposits (up to $250,000 for regular accounts) dropped 20 percent in the second quarter to $10.4 billion, its lowest point since 1992.
Regulators close 2 banks in Florida, marking 71 US bank failures this yearAugust 8th, 2009 Regulators close 2 banks in FloridaNEW YORK — Regulators on Friday shut down two banks in Florida, bringing to 71 the number of federally insured banks to fail this year under the weight of the weak economy and rising loan losses. The Federal Deposit Insurance Corp.
Regulators close 2 banks in Florida, 1 in Oregon, marking 72 US bank failures this yearAugust 8th, 2009 Regulators close 3 banks in Fla., Ore.; total 72NEW YORK — Regulators on Friday shut down two banks in Florida and one in Oregon, bringing to 72 the number of federally insured banks to fail this year under the weight of the weak economy and rising loan losses. The Federal Deposit Insurance Corp.
Regulators close banks in Fla., NJ, Ohio, Okla., Ill.; 69 US bank failures this yearAugust 1st, 2009 Regulators shut down banks in five statesWASHINGTON — Regulators on Friday shut down banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults. The Federal Deposit Insurance Corp.
Regulators shut First Piedmont Bank in Georgia; 54th US bank to fail this yearJuly 18th, 2009 Regulators shut small Georgia bank; 54th this yearWASHINGTON — Regulators have shut down First Piedmont Bank in Georgia, the 54th federally insured bank to fail this year. The Federal Deposit Insurance Corp.
Regulators shut down 2 small Southern banks, bringing this year's failed bank tally to 39June 20th, 2009 Regulators close 2 small Southern banksNEW YORK — Regulators on Friday shut down a small bank in Wilmington, N.C. and another small bank in Fayetteville, Ga., pushing this year's tally of failed banks up to 39.
Regulators shut down 3 small banks, bringing this year's failed bank tally to 40June 20th, 2009 US regulators close 3 small banksNEW YORK — Regulators have shut down three more small banks, pushing this year's tally of failed banks to 40. One bank closed Friday was in North Carolina, another in Georgia, and the third was in Kansas.
Regulators shutter Bank of Lincolnwood in Illinois; 37th US bank failure this yearJune 6th, 2009 Regulators shut Illinois bankWASHINGTON — Regulators on Friday shut down Bank of Lincolnwood, a small bank in Illinois, marking the 37th failure this year of a federally insured bank. More are expected to succumb amid the pressures of the weak economy and mounting loan defaults.
Regulators close Silverton Bank in Georgia, set up temporary bank; 30th bank failure this yearMay 1st, 2009 Silverton Bank in Georgia shut down by regulatorsWASHINGTON — Regulators have shut down Silverton Bank in Georgia and set up a temporary government-controlled bank until a buyer can be found. It was the 30th bank failure this year in the U.S.
Regulators shut failed American Southern Bank in Ga.; 26th failure this year beats 2008 totalApril 24th, 2009 Regulators shut American Southern Bank in GeorgiaCHARLOTTE, N.C. — Regulators on Friday shut down American Southern Bank in Georgia, boosting the number of failures this year to 26 — more bank closures than in all of last year.
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