FDIC Friday: Times like these


Four more bank failures were announced today by the FDIC.  If anyone’s keeping score, that makes 29 so far this year.

Bank Closing Information – April 24, 2009
These links contain useful information for the customers and vendors of these closed banks.

First Bank of Idaho, Ketchum, ID
First Bank of Beverly Hills, Calabasas, CA
Michigan Heritage Bank, Farmington Hills, MI
American Southern Bank, Kennesaw, GA

We are certainly living in some strange times.

3 Responses

  1. Heh, “Let’s Scroll!”

  2. FDIC closed 4 banks today.

    “Heritage Bank, Farmington Hills, MI” , “American Southern Bank, Kennesaw, GA” ,”First Bank of Beverly Hills, Calabasas, CA” and “First Bank of Idaho, Ketchum, ID”

    Till now 29 banks have failed this year and 54 from 2008.

    Check the list of all the failed banks at :
    http://portalseven.com/Failed-Banks-2009

    And on google map see where the banks are failing at :
    http://portalseven.com/finance/Failed_Banks_Map_2009.jsp

    Some statistics about the bank failures :

    American Southern Bank:
    # 26th bank to fail this year in USA
    # First bank from Michigan to fail this year and 2nd since 2008
    # Has $112.3 million in assets and $104.3 million in deposits

    Heritage bank
    # 27th bank to fail this year in USA
    # 5th bank from Georgia to fail this year and 10th since 2008
    # Has $184.6 million in assets and $151.7 million in deposits
    # Maximum banks failed in Georgia since 2008

    First Bank of Beverly Hills, Calabasas, CA
    # 28th bank to fail this year in USA
    # 4th bank from California to fail this year and 9th since 2008
    # Has $1.5 billion in assets and $1.0 billion million in deposits

    First Bank of Idaho, Ketchum, ID
    # 29th bank to fail this year in USA
    # 1st bank from Idaho to fail since 2008
    # Has $374 million in assets and $488 million in deposits

    Also layoff tracker at :
    http://portalseven.com/Layoffs

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