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Failed banks. Date closed. Community Bank of the Ozarks, Sunrise Beach, Mo. 12/14/2012. Hometown Community Bank, Braselton, Ga. 11/16/2012. Citizens First National ...
To get onto the FDIC problem bank list, a bank must receive a CAMELS rating by bank examiners of “4” or “5.” The CAMEL rates each element of Capital, Assets, Management, Earnings, and Liquidity from “1” to “5,” with “1” being the best and “5” being the worst. A composite rating is then assigned, and banks in the two ...
Hamilton Bank Miami: Florida: 2002 $1.3 billion $2.2 billion Community Bank of Nevada Las Vegas: Nevada: 2009 $1.5 billion $2.1 billion First Bank of Beverly Hills Calabasas: California: 2009 $1.5 billion $2.1 billion Temecula Valley Bank Temecula: California: 2009 $1.5 billion $2.1 billion New South Federal Savings Bank Irondale: Alabama: 2009 ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase , which planned to write down the value of Washington Mutual's loans at least $31 billion.
Even so, new figures from the Federal Deposit Insurance Corp.'s so-called secret list of troubled banks show an industry in increasing distress. The number of banks on the regulator's confidential ...
The Federal Deposit Insurance Corp. says its roster of "problem" financial institutions grew to include 305 banks and thrifts in the first three months of this year, a 21 percent jump from the ...
[3] These rules increased pressure on banks to make mortgage home loans to inner-city and rural areas. [4] Savings and loans were no longer allowed to acquire "junk bonds" (aka High-yield debt) and were required to dispose of their holdings of these bonds by 1994. They were also required to mark them to the lower of cost or market value. [5]
Banks are still unhealthy. If anyone doubted that, it was made official when The New York Times and other news outlets began reporting early this week that the Federal Deposit Insurance ...