Posts tagged as: FDIC

84 US banks fail in 2009, so far

84 US banks fail in 2009, so far

A total of 84 US banks have been closed since the start of the year, after three more banks were shuttered by regulators Friday. Affinity Bank, based in Ventura, Calif., was the largest of Friday’s three closures, according to the Federal Deposit Insurance Corp. (FDIC). The FDIC also announced that Affinity, which had total assets [...]

Biggest US bank failure this year

Biggest US bank failure this year

Federal officials shut down real estate lender Colonial BancGroup Inc. in the biggest US bank failure this year. The failed bank’s 346 branches in Alabama, Florida, Georgia, Nevada, and Texas will reopen at the normal times starting on Saturday as offices of Winston-Salem, N.C.-based BB&T, according to the Federal Deposit Insurance Corp., which was appointed [...]

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