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In 1984, Continental Illinois faced what was then the largest bank failure in U.S. history, when a run on the bank led to its seizure by the Federal Deposit Insurance Corporation (FDIC). The bank nearly collapsed under the weight of bad debt associated with oil industry financing associated with the energy price boom of the late 1970s.
Corn Belt Bank & Trust Co. Pittsfield: Illinois February 13, 2009: The Carlinville National Bank 271.8 13 Pinnacle Bank of Oregon Beaverton: Oregon: February 13, 2009: Washington Trust Bank of Spokane 73 14 Silver Falls Bank Silverton: Oregon February 20, 2009: Citizens Bank 131.4 15 Heritage Community Bank Glenwood: Illinois February 27, 2009
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
If you want an extra layer of security and peace of mind, you can create a revocable living trust. A trust would have helped Pete’s family avoid probate, protect their privacy, and minimize ...
Illinois: 2010 $3.4 billion $4.8 billion Riverside National Bank of Florida Fort Pierce: Florida: 2010 $3.4 billion $4.8 billion Midwest Bank and Trust Company Elmwood Park: Illinois: 2010 $3.2 billion $4.5 billion First National Bank, also operating as The National Bank of El Paso Edinburg: Texas: 2013 $3.1 billion $4.1 billion [15] Superior ...
By 2009, Broadway Bank had become burdened with bad loans. On January 26, 2010, the bank agreed to restrictions from state and federal banking regulators: ending dividend payments to the Giannoulias family without regulatory approval, hiring outsiders to evaluate the senior management, adding $19 million to its reserves, raising another $50 million within 90 days to achieve its promised ...
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F. Far East National Bank; Farmers and Mechanics Bank (Middletown, Connecticut) Farmers and Merchants Bank of Los Angeles; Farmers and Merchants Bank of Western Pennsylvania