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Bank Failures by the Numbers

Numbers associated with the FDIC takeovers and sales of banks since the start of 2008. read more »
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Bank Failures Continue to Grow

Updates on bank failures in the us read more »
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Why You Should Care If Your Bank Fails

The ways people are affected when their bank fails even if it is FDIC insured. read more »
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3 Banks Failed Today - Downey and PFF in California and a Small Bank in Georgia

It has been a long time since we had three banks closed on a Friday. The big one was Downey Savings and Loan Association which was the third largest [...] read more »
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Corus Bank Reports 70 Percent of Loans Overdue

FDIC data shows that banks are in more trouble in Q2 than they were in Q1, with Corus Bank being a prime example of a large bank in trouble. read more »
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Two-Year Anniversary of WaMu's Closure - A Look Back from a Depositor's Point of View

Today is the 2-year anniversary of Washington Mutual's closure. It remains the largest bank failure in the nation's history. read more »
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COO of FDIC Says Bank Failure Costs to Top $40 Billion

John Bovenzi, the Chief Operating Officer of the FDIC said in a committe hearing to the US House that the cost to the FDIC to ensure bank failures will likely cost more than the original prediction of $40 billion over the next four years. read more »
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Irwin Union Bank Fails - What Depositors Need to Know

The two banking subsidiaries of Irwin Financial Corporation were closed today by regulators. There are two important issues that depositors typically[...] read more »
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23rd Bank Failure of 2008 and Two Common FDIC Myths

First Georgia Community Bank was the 23rd bank failure of this year. Depositors at this bank have nothing to worry about. I've recently seen someone[...] read more »
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1 Month, 24 Bank Failures: Random Event or Wilting Economy? -- Seeking Alpha

The article examines the number of bank failures per month over the last 13 months, and considers the significance of the July spike in number of fai[...] read more »
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More Friday Bank Closures - What Depositors Might Lose

Two small Florida banks and one Oregon bank were closed today by regulators. That makes a total of 72 bank failures this year. These closures were si[...] read more »
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Review of the 2009 Bank Failures and What Depositors Experienced

We ended up with 140 bank closures in 2009 which was a big increase from 2008 when only 25 banks failed. From a depositor's point of view, there wer[...] read more »
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CD rates at failed banks can be changed - It's Only Money

Customers of failed Silver Falls Bank in Oregon discovered this week that their new bank is slashing the interest rates on their CDs. And it's perfe[...] read more »
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Two Illinois Banks Fail, Impact to CD Customers and the FDIC Special Assessment

The most worrisome issue this year for bank closures hasn't been lost money, but the loss of CD rate locks. read more »
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Reviewing Today's Four Bank Failures from a Depositor's Point of View

It was another busy Friday for the FDIC with four bank closures: one in Georgia, one in South Dakota and two banks in California. The Georgia and Sou[...] read more »
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