FDIC Friday

Discussion in 'Trading' started by The Kin, Sep 19, 2008.

  1. I wonder if the PPT asked the FDIC not to close any more banks...

    WM may be saved after all.
  2. So any banks fail yet.
  3. bl33p


    A tumultuous week for financial markets was capped Friday with the closure of Northfork, W.Va.-based Ameribank Inc., the 12th U.S. bank closure so far this year.
    The Federal Deposit Insurance Corporation said in a statement late in the day that deposits at Ameribank's Ohio branches have been transferred to the Citizens Savings Bank, and Ameribank's three Ohio branches will reopen Saturday as Citizens Savings Bank branches.
    Ameribank's West Virginia deposits have been transferred to Pioneer Community Bank, and Ameribank's five West Virginia branches will reopen Monday as Pioneer branches, according to the FDIC.
    As of June 30, Ameribank had $115 million in total assets and total deposits of $102 million, the regulator said.

  4. Yip "another bites the dust and another one bites the dust"....Government will step in to prevent WaMu demise as they know it will clean out the FDIC fund.
  5. Economy is improving? Bank closings starting to be cheaper by the dozen.

    Bank Closing Information - April 16, 2010
    These links contain useful information for the customers and vendors of these closed banks.

    City Bank, Lynnwood, WA
    Tamalpais Bank, San Rafael, CA
    Innovative Bank, Oakland, CA
    Butler Bank, Lowell, MA
    Riverside National Bank of Florida, Fort Pierce, FL
    AmericanFirst Bank, Clermont, FL
    First Federal Bank of North Florida, Palatka, FL
    Lakeside Community Bank, Sterling MI