CHICAGO (MarketWatch) — Premier Bank of Jefferson City, Mo., was closed Friday by regulators and reopened Saturday as branches of Providence Bank, the Federal Deposit Insurance Co. said. That brought the tally of U.S. bank failures this year to 132. Premier had approximately $1.18 billion in assets and $1.03 billion in deposits; the FDIC estimates [...]
Posts Tagged ‘federal deposit insurance’
FDIC shutters 132nd bank, sixth in Missouri
October 16th, 2010 
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Posted in Buy a Car 
Tags: 132nd, bank, bank failures, CHICAGO, deposit insurance fund, fdic, federal deposit insurance, jefferson city mo, MarketWatch, Missouri, Mo., Premier, providence bank, shutters, sixth, u s bank, U.S. 
No Comments »Wells Fargo takes over banking top spot
October 9th, 2010 admin With one-time titan New Frontier Bank out of the picture, banks in Weld County are divvying up more evenly sized slices of the deposit market. Meanwhile, a new leader has emerged in Wells Fargo Bank. Wells Fargo has seen its local deposit share double since June 2008, rising from 7.99 percent two years ago (No. [...]
Posted in Buy a Car Tags: bank, banking, deposit, Fargo, federal deposit insurance, first national bank, frontier bank, greeley area, Over, sized slices, spot, takes, Weld County, Wells, wells fargo bank No Comments »Washington Mutual Files Amended Reorganization Plan – Update
October 6th, 2010 admin Washington Mutual Inc. (WAMUQ.PK) said Tuesday that it has filed an amended plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The filing is based upon consummating the company’s amended and restated global settlement reached with the Federal Deposit Insurance Corporation or FDIC, and JPMorgan Chase & Co. [...]
New FDIC rule makes banks share some risk
September 28th, 2010 admin Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under new rules adopted Monday by the Federal Deposit Insurance Corp. Business – Financial services – Federal Deposit Insurance Corporation – United States – Asset-backed security View full post on All Stories
Posted in Buy a Car Tags: asset backed security, banks, business financial services, deposit, deposit insurance corporation, fdic, Federal, federal deposit insurance, federal deposit insurance corp, federal deposit insurance corporation, Insurance, makes, risk, rule, share, some, United States No Comments »Big Bank Rule Postponed, Another Adopted
September 27th, 2010 admin The Federal Deposit Insurance Corp. on Monday postponed approving a rule that would dismantle a failing Lehman-like mega-bank in a way so its collapse doesn’t cause collateral damage to the markets. The agency decided instead to discuss a proposal on the subject with the goal of introducing it in the coming weeks. The FDIC also [...]
With Hundreds of US Banks Still in Jeopardy, Credit Crunch May Last For Decades
January 25th, 2010 Lynnette Khalfani-Cox Although the American economy and the global economy both appear to be stabilizing, the U.S. banking sector nevertheless continues to struggle. By late 2009, more than 100 banks had collapsed in the U.S. during the year.
Posted in Uncategorized Tags: fdic insurance coverage, fdic member, federal deposit insurance, glass steagall act, president franklin d roosevelt, sheila bair No Comments »