7 Banks Fail – FDIC Receiver of All of them
This week we had 7 bank closures, you heard that right, 7 bank closures. To make matters worse ALL 7 bank failures named the FDIC as the receiver. backyard landscape . carpet cleaning companies . Here’s a list of all the banks:Founders Bank, Worth, ILMillennium State Bank of Texas, Dallas, TXThe First National Bank of Danville, Danville, ILThe Elizabeth State Bank, Elizabeth, ILRock River Bank, Oregon, ILThe First State Bank of Winchester, Winchester, ILThe John Warner Bank, Clinton, ILThe above 7 bank failures brings our 2009 Total to 52, which is more then DOUBLE the 25 we had in all of 2008. The total cost to the FDIC of the 7 closures is $314.3 Million, and I can guarantee that the FDIC doesn’t have much money left hence announcing today they are mulling over changing the sales rules.Things are looking bleak, and people have already called the recession “over”. Obviously again these continued closures show that MANY U.S. Banks are insolvent.Good thing it’s a 3 day weekend and people will likely forget about the news come monday. air conditioning contractors . This is a good sign for Mortgage Rates though (a collapse in the market would bring down Mortgage rates pretty good)
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[...] Original post by Ben Kevan’s Blog [...]
[...] Original post by Ben Kevan’s Blog [...]
[...] Original post by Ben Kevan’s Blog [...]
[...] Original post by Ben Kevan’s Blog [...]
[...] Original post by Ben Kevan’s Blog [...]
Thank you for this article really a big help for everyone.
[...] 7 Banks Fail – FDIC Receiver of All of them | Ben Kevan's BlogHere’s a list of all the banks: Founders Bank, Worth, IL Millennium State Bank of Texas, Dallas, TX The First National Bank of Danville, Danville, IL The Elizabeth State Bank, Elizabeth, IL Rock River Bank, Oregon, IL … [...]
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