Latest Bank failures in the United States Stories

2009-09-19 13:41:16

State and federal regulators seized control of Indiana's Irwin Union Bank and Trust Co. after the bank failed to meet capital levels, banking officials say. The Indianapolis Star reported Saturday that Irwin Union Bank and Trust was shut down by the Federal Deposit Insurance Corp. Friday and sold to First Financial Bank of Cincinnati. The Indiana banking group had operated in Columbus, Ind., for 138 years, but recently its capital levels had fallen below allowable levels. Federal regulators...

2009-04-18 08:11:11

Banks in Missouri and Nevada have been closed by regulators, marking the 24th and 25th U.S. banks to fail so far in 2009, officials said. The Federal Deposit Insurance Corp. Friday closed American Sterling Bank of Sugar Creek, Mo., CNN reported, while Nevada banking officials announced they had declared Great Basin Bank of Elko, Nev., insolvent and named the FDIC as receiver. Metcalf Bank of Lee's Summit, Mo., will assume the deposits of American Sterling Bank, which affects branches in...

2009-02-07 07:25:29

U.S. financial regulators say they have shut down two small banks in California and one in Georgia, making nine U.S. bank failures so far in 2009. In a statement released Friday, the Federal Deposit Insurance Corp. said it sold the deposits of FirstBank Financial Services of McDonough, Ga., to Regions Financial Corp., of Birmingham, Ala., a larger regional bank that has been looking to pick up market share in the Atlanta area, The Wall Street Journal reported. Regions also recently picked up...

2009-01-24 16:52:27

The 1st Centennial Bank of Redlands, Calif., has been closed by the California Department of Financial Institutions, the Federal Deposit Insurance Corp. says. The insurance group said Friday it would serve as the receiver of the California lender as appointed by the department, The Wall Street Journal reported. The closed bank's insured deposits would be assumed by the insurance corporation through an agreement with the First California Bank in Westlake Village, Calif. The agreement, made to...

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