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A list of companies, governmental and quasi-governmental agencies (government-sponsored enterprises), and/or non-profit organizations involved in the various economic and financial crises of 2007–2008.
Guaranty Bank, Texas BBVA Compass, Alabama Savings and loan association [66] September 25, 2009: Colonial Bancgroup: Chapter 11 bankruptcy and liquidation Bank holding company [67] October 5, 2009: Hypo Alpe Adria Bank: Government of Austria: Bank, Mortgage lender [68] October 21, 2009: DSB Bank: Bank, Insurance [69] October 30, 2009: Cal ...
Galena State Bank and Trust Company 56 51 Millennium State Bank of Texas Dallas: Texas: July 2, 2009: State Bank of Texas 118 52 Founders Bank Worth: Illinois July 2, 2009: The PrivateBank and Trust Company 963 53 Bank of Wyoming Thermopolis: Wyoming: July 10, 2009: Central Bank and Trust 70 54 Temecula Valley Bank Temecula: California July 17 ...
As pandemic restrictions loosen, bankrupt companies get a new lease on life.As the pandemic swept across the globe in 2020, a new sort of crisis began to emerge: bankruptcies.
It contains easing of the accounting rules that forced companies to collapse because of the existence of toxic mortgage-related investments. [228] Also key to winning GOP support was a decision by the Securities and Exchange Commission to ease mark-to-market accounting rules that require financial institutions to show the deflated value of ...
Its first bankruptcy happened in May 2020, during the peak of the pandemic because of prolonged store closures that caused an “insurmountable financial hurdle.” It previously had 700 locations ...
The company filed for bankruptcy in September 2020, saying the pandemic had tanked demand and sales. It also noted that it had received notices of default from the landlords of 49 locations.
Placed into conservatorship under the NCUA. Officials from Space Coast Credit Union of Melbourne, Florida will temporarily manage day-to-day operations. credit union [54] July 6, 2009: Watts United Credit Union, Los Angeles, California: closed and liquidated by NCUA credit union [55] August 12, 2009: Community One Federal Credit Union, Clark ...