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WASHINGTON — Regulators have shut down three more banks — in Georgia, New Jersey and Utah — bringing the number of bank failures this year to 32.
· Regulators shut down Florida bank; makes 23 US bank failures this year March 5th, 2010 WASHINGTON — Regulators have shut down a bank in Florida, boosting to 23 the number of bank failures in the U.S. so far this year following the 140 brought down.
Regulators shut down 5 more banks; 89 failures this year. The Federal Deposit Insurance Corp. took over First Bank of Kansas City, based in Kansas City, Mo., with $16 million in assets and $15 million in deposits and shut down Sioux City, Iowa-based Vantus Bank with $458 million in assets and $368 million in deposits.
— The number of U.S. bank failures in 2009 ran past the 100-level mark late Friday, when regulators shut down six banks. Regulators closed: Partners Bank of Naples, Fla.
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Lamar Cox, former chief operating officer for the failed Tennessee Commerce Bank, has been charged with lying to federal regulators.
Regulators shut down the First Bank of Beverly Hills on Friday, saying they could find no buyer for the one-branch institution after a takeover by an Illinois financial firm fell through.
Regulators shut down a big community bank based in Chicago that has been known for its social activism but racked by financial troubles in recent months. A consortium funded by several of the biggest U.S. financial firms is buying its assets and pledging to operate the new bank by the same principles.
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Former franklin bank exec charged with lying to regulators. When state regulators and the FDIC shut down the bank in January 2012, it was Tennessee’s first bank failure in more than a decade. The Franklin bank operated in a niche, mainly handling loans and leases for trucking companies and other ventures in need of heavy equipment.
Regulators on Friday shut down Freedom Bank, a small bank located in Bradenton, Florida. It was the 17th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was.
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According to the official press release, the exchange was forced to take the harsh decision amid the ongoing regulatory.