Summary Box: Insurance fund nears deficit; FDIC wants banks to prepay $45 billion in feesSeptember 30th, 2009 Summary Box: Deposit insurance fund in the redGOING INTO DEFICIT: The fund that insures U.S. bank deposits will be in deficit as of Wednesday, the Federal Deposit Insurance Corp.
FDIC likely will require banks to prepay fees to replenish dwindling deposit insurance fundSeptember 30th, 2009 FDIC expected to require banks to prepay feesWASHINGTON — The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to shore up the shrinking deposit insurance fund.
Report: FDIC considers borrowing from banks to replenish dwindling insurance fundSeptember 22nd, 2009 Report: FDIC could seek bailout from banksWASHINGTON — Healthy big banks may lend billions to shore up the government fund that insures regular deposit accounts, according to a report Tuesday. The fund maintained by the Federal Deposit Insurance Corp.
FDIC lengthens tougher capital, exam requirements for newer banks to 7 yearsAugust 28th, 2009 FDIC lengthens requirements for newer banksWASHINGTON — Federal banking officials worried about rising bank failures will require new banks to meet stricter regulatory standards for seven years rather than the previous three-year requirement. The new rules, outlined in a letter Friday from the U.S.
Summary Box: Bank failures mounting, with deposit insurance fund dwindlingAugust 21st, 2009 Summary Box: Bank failures are mountingWAVE OF BANK FAILURES: Eighty-one banks have been closed by regulators so far this year, the most since 1992 at the height of the savings-and-loan crisis. The biggest this year: Colonial BancGroup Inc., with about $25 billion in assets.
Regulators shut down Colonial BancGroup, Pennsylvania thrift; 74 US bank failures this yearAugust 15th, 2009 Colonial BancGroup, Pennsylvania thrift shut downWASHINGTON — Regulators on Friday shut down Colonial BancGroup Inc., a big lender in real estate development that marked the biggest U.S. bank failure this year, and a small bank in Pennsylvania.
Regulators shut Colonial BancGroup and Pennsylvania thrift; 74 US bank failures this yearAugust 15th, 2009 Colonial BancGroup and Pennsylvania thrift shutWASHINGTON — Regulators on Friday shut down Colonial BancGroup Inc., a lender in real estate development, in the biggest U.S. bank failure this year, along with a small bank in Pennsylvania.
Regulators shut Dwelling House S&L in Pittsburgh; 73rd US bank failure this yearAugust 14th, 2009 Small thrift in Pennsylvania shut by regulatorsWASHINGTON — Regulators on Friday shut down Dwelling House Savings and Loan Association, a small bank in Pennsylvania, boosting to 73 the number of federally insured banks that have failed this year. The Federal Deposit Insurance Corp.
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 shutter small Wyoming bank, bringing this year's failed bank tally to 53July 11th, 2009 Regulators shut small Wyoming bankNEW YORK — Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank. The Federal Deposit Insurance Corp.
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 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.
Westsound Bank of Wash. becomes 33rd bank to fail in 2009; Kitsap Bank will take over depositsMay 9th, 2009 US regulators shut down 33rd bank this yearNEW YORK — Federal regulators on Friday shut down Westsound Bank of Bremerton, Wash., making it the 33rd bank to fail this year. The Federal Deposit Insurance Corp.
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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