Posts Tagged banks
1,000 Banks to Fail In Next Two Years: Bank CEO
Posted by David Hazi in General, Videos on August 27th, 2009
http://www.cnbc.com/id/32581463
Don’t be fooled, economy still in shambles
Posted by David Hazi in General on August 8th, 2009
Unemployment statistics(U3) decreased this week, for the first time in several months. Don’t be fooled though, other indicators are not getting any better.
Regulators close 3 banks in Fla., Ore.; total 72
NEW YORK (AP) – 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. was appointed receiver of the banks: First State Bank, of Sarasota, Fla.; Venice, Fla.-based Community National Bank of Sarasota County, and Community First Bank (FRBA) (CFBN), of Prineville, Ore.
First State Bank had total assets of $463 million and deposits totaling $387 million. Community National Bank had $97 million in assets and $93 million in deposits. Community First Bank had $209 million in assets and $182 million in deposits.
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