The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly ...
Union Bankshares repays $59 million TARP loan on heels of capital-raising stock offer Union Bankshares Corp. said Wednesday it has repaid the federal ...
FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington. U.S. banks will prepay about $45 billion in premiums to replenish a federal deposit insurance fund now in the ...
Watchdog finds FDIC didn't finish background checks for contractors working on failed banks The Federal Deposit Insurance Corp. has sometimes failed to complete background checks for contractors hired to help with its mounting workload of failed banks, the agency watchdog has found. ...
This morning, Home Federal Bancorp (HOME) of Idaho put out a press release to reassure depositors and investors that it was in sound financial shape, as people had confused it with troubled lender Home Federal Savings, of Michigan.NAMPA, Idaho, Nov. 9, 2009 ...
California bank with Chinese ties is 120th to fail The Federal Deposit Insurance Corporation says five more U.S. banks failed last week, including United Commercial Bank, a San Francisco-based institution with assets totaling more than $11 billion. The 2009 toll has now ...
WASHINGTON (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations. East West said the ...
Regulators shut banks in 5 states; marks 120 US bank failures this year Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade ...
WASHINGTON (Reuters) - Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions. The Federal Deposit Insurance Corp said Home Federal Savings ...
BNY Mellon, US Bancorp opt out of program extending FDIC insurance for accounts over $250,000 Two banks which have repaid their bailout funds said Monday they no longer need to take advantage of a special program that offers government insurance on certain ...
Federal regulators close 9 banks, mostly in West; marks 115 US bank failures this year Regulators have shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults. The ...
LOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans. ...
