Failed Bank list

[beast]

On Friday, January 8, 2010, Horizon Bank, Bellingham, WA was  closed by the Washington State Department of Financial Institutions, and  the Federal Deposit Insurance Corporation (FDIC)  was named Receiver.  No advance notice is given to the  public when a financial institution is closed.  

The FDIC has assembled useful information regarding your relationship with    this institution.  Besides a checking  account, you may have Certificates of Deposit, a car loan, a business checking    account, a commercial loan, a Social Security direct deposit, and other relationships    with the institution.  The FDIC has compiled the following information,    which should answer many of your questions.

   The FDIC has issued a press release(PR-004-2010) about the institution's closure.  If you represent a media outlet and would like information about the closure,  please contactDavid Barr  at  1-202-898-6992. III.  Acquiring        Financial InstitutionAll deposit accounts, excluding certain brokered deposits, have been transferred to  Washington Federal Savings and Loan Association, Seattle, WA ("assuming  institution")  and will be available immediately.  On Saturday, January 9, 2010,  the former Horizon Bank locations will reopen as branches of  Washington Federal Savings and Loan Association.  

Your transferred deposits will be separately insured from any accounts     you may already have at Washington Federal Savings and Loan Association for six    months after the failure of Horizon Bank. Checks    that were drawn on Horizon Bank  that did not    clear  before the institution closed will be honored as long as there are        sufficient funds in the account.  For more information on deposit insurance, you may speak to an FDIC representative by calling 1-800-430-6165 or visit EDIE, the FDIC's Electronic Deposit    Insurance Estimator.

       

EDIE        - FDIC's Electronic Deposit Insurance Estimator

     

You may withdraw your funds from any transferred    account without an early withdrawal penalty until you enter into a new deposit      agreement with Washington Federal Savings and Loan Association as long as       the deposits are not pledged as collateral for loans. You may view more      information about Washington Federal Savings and Loan Association by visiting their web site.          

Washington Federal Savings and Loan Association (www.washingtonfederal.com)

[beast]

 Beach First National Becomes 42nd U.S. Bank To Fail In 2010 - Update
4/10/2010 10:36 PM ET

(RTTNews) - Banking regulators on Friday said they closed Beach First National Bank (BFNB: News ), making it the 42nd U.S. bank to fail in 2010 and the first in South Carolina.

Beach First was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. or FDIC was named as Receiver on Friday.

The FDIC said that Myrtle Beach, South Carolina-based Beach First's seven branches will be acquired by Bank of North Carolina, a wholly-owned subsidiary of BNC Bancorp (BNCN: News ). The seven branches will reopen on Monday as branches of Bank of North Carolina and its depositors will automatically become depositors of that bank.

Further, the FDIC said depositors in the failed bank can continue to access their money over the weekend by writing checks, or using automated-teller machines or debit cards, and that loan customers should continue making payments as usual.

As of December 31, 2009, Beach First National had about $585.1 million in total assets and $516.0 million in total deposits. Bank of North Carolina did not pay the FDIC a premium for the deposits of Beach First National Bank. In addition to assuming all of the deposits of the failed bank, Bank of North Carolina agreed to purchase essentially all of the assets, the FDIC noted.


Source: http://www.rttnews.com/ArticleView.aspx?Id=1265702

[beast]

with the goldman sachs news today. someone said to watch out for the fdic bank failure friday.. and ....

failed bank list for today
````````````````````
City Bank     Lynnwood     WA     21521     April 16, 2010     April 16, 2010
Tamalpais Bank    San Rafael    CA    33493    April 16, 2010    April 16, 2010
Innovative Bank    Oakland    CA    23876    April 16, 2010    April 16, 2010
Butler Bank    Lowell    MA    26619    April 16, 2010    April 16, 2010
Riverside National Bank of Florida    Fort Pierce    FL    24067    April 16, 2010    April 16, 2010
AmericanFirst Bank    Clermont    FL    57724    April 16, 2010    April 16, 2010
First Federal Bank of North Florida    Palatka    FL    28886    April 16, 2010    April 16, 2010
Lakeside Community Bank    Sterling Heights    MI    34878    April 16, 2010    April 16, 2010

[beast]

[beast]

6 more today

all Illinois

[beast]

8 more

~~~

Sonoma Valley Bank     Sonoma      CA     27259     August 20, 2010     August 20, 2010
Los Padres Bank    Solvang    CA    32165    August 20, 2010    August 20, 2010
Butte Community Bank    Chico    CA    33219    August 20, 2010    August 20, 2010
Pacific State Bank    Stockton    CA    27090    August 20, 2010    August 20, 2010
ShoreBank    Chicago    IL    15640    August 20, 2010    August 20, 2010
Imperial Savings and Loan Association    Martinsville    VA    31623    August 20, 2010    August 20, 2010
Independent National Bank    Ocala    FL    27344    August 20, 2010    August 20, 2010
Community National Bank at Bartow

[Anonymous]

WASHINGTON (MarketWatch) — Federal regulators on Friday closed four banks, bringing the total number of failures this year in the U.S. to 143.

Two banks in California, Western Commercial Bank in Woodland Hills and First Vietnamese American Bank in Westminster, were shut down. Their assets will be sold to healthier financial institutions, according to the Federal Deposit Insurance Corp.

Western Commercial had $101.1 million in deposits and First Vietnamese $47 million.

Regulators also closed two larger banks in Maryland and Washington state. K Bank, based in Randallstown, Md., had $500.1 million in deposits as of Sept. 30, while Tacoma, Wa.-based Pierre Commercial Bank totaled $193.5 million in deposits.

The failure of the four banks will cost the federal deposit-insurance fund a combined $254.5 million. Hundreds of banks have failed over the past few years after a banking crisis in 2007 and the severe recession that followed.


Source: http://www.marketwatch.com/story/federal-regulators-close-4-us-banks-2010-11-06?siteid=rss&rss=1