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FDIC Friday

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FDIC Friday

Postby WizardTN » Fri Sep 09, 2011 10:43 pm

FDIC Friday
A day celebrated in financial circles every week because of the FDIC's propensity to shut down and take over troubled banks on a friday so as to minimize the impact on the stock market.


Bank Name City State CERT # Acquiring Institution Closing Date
First National Bank of Florida Milton FL 25155 CharterBank September 9, 2011
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Re: FDIC Friday

Postby WizardTN » Sat Sep 24, 2011 12:41 am

And 2 more bite the dust:

Bank Name City State CERT # Acquiring Institution Closing Date
Citizens Bank of Northern California Nevada City CA 33983 Tri Counties Bank September 23, 2011 1
Bank of the Commonwealth Norfolk VA 20408 Southern Bank and Trust Company September 23, 2011
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Re: FDIC Friday

Postby WizardTN » Sat Oct 01, 2011 12:09 am

Up to 74 for the year.

Bank Name City State CERT # Acquiring Institution Closing Date
First International Bank Plano TX 33513 American First National Bank September 30, 2011
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Re: FDIC Friday

Postby Lynda » Sat Oct 01, 2011 3:12 am

Makes me glad I only conduct business with a credit union.
THINK......It's not illegal yet.

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Re: FDIC Friday

Postby Kimmer17 » Thu Oct 06, 2011 7:23 am

Lynda wrote:Makes me glad I only conduct business with a credit union.


The exact same thing can happen to a Credit Union, if NCUA steps in. Signs to watch for..does your credit union have as many branches as Walgreens have pharmacies? When credit unions attempt to become as large as banks they will eventually be bought out by another credit union. Also, watch your fees. When a credit union begins charging fees that are similar to a bank..get out of that credit union. Stay with your smaller credit unions that actually remember that they are owned by the share holders, the members. I actually printed out a 3 page fee schedule from another cu and was shocked..heck they even charged a fee to change a persons address!! That cu, which was one of the largest in the city has been bought out by another cu, from a different state bcz they extended themselves to the brink of filing a bk. CU are non for profit organizations..their profits are returned to the mbrs in lieu of higher dividends, lower interest rates and free services.
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Re: FDIC Friday

Postby WizardTN » Fri Oct 07, 2011 8:06 pm

2 more this week:

Bank Name City State CERT # Acquiring Institution Closing Date
Sun Security Bank Ellington MO 20115 Great Southern Bank October 7, 2011
The RiverBank Wyoming MN 10216 Central Bank October 7, 2011
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Re: FDIC Friday

Postby WizardTN » Fri Oct 14, 2011 6:00 pm

3 more down:

Bank Name City State CERT # Acquiring Institution Closing Date
First State Bank Cranford NJ 58046 Northfield Bank October 14, 2011
Blue Ridge Savings Bank, Inc. Asheville NC 32347 Bank of North Carolina October 14, 2011
Piedmont Community Bank Gray GA 57256 State Bank and Trust Company October 14, 2011
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Re: FDIC Friday

Postby WizardTN » Sat Oct 22, 2011 1:33 am

4 more on this week:

Bank Name City State CERT # Acquiring Institution Closing Date
Community Banks of Colorado Greenwood Village CO 21132 Bank Midwest, N.A. October 21, 2011
Community Capital Bank Jonesboro GA 57036 State Bank and Trust Company October 21, 2011
Decatur First Bank Decatur GA 34392 Fidelity Bank October 21, 2011
Old Harbor Bank Clearwater FL 57537 1st United Bank October 21, 2011
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Re: FDIC Friday

Postby Lynda » Sat Oct 22, 2011 1:51 am

Kimmer17 wrote:
Lynda wrote:Makes me glad I only conduct business with a credit union.


The exact same thing can happen to a Credit Union, if NCUA steps in. Signs to watch for..does your credit union have as many branches as Walgreens have pharmacies? When credit unions attempt to become as large as banks they will eventually be bought out by another credit union. Also, watch your fees. When a credit union begins charging fees that are similar to a bank..get out of that credit union. Stay with your smaller credit unions that actually remember that they are owned by the share holders, the members. I actually printed out a 3 page fee schedule from another cu and was shocked..heck they even charged a fee to change a persons address!! That cu, which was one of the largest in the city has been bought out by another cu, from a different state bcz they extended themselves to the brink of filing a bk. CU are non for profit organizations..their profits are returned to the mbrs in lieu of higher dividends, lower interest rates and free services.


It's a small CU and has two branches in the same large town. As with anything else one has to comparison shop.No fees, the best return possible on CDs, we had our mortgage with them as well as car loan for DH. Never a problem, always professional and courteous service with real people.
THINK......It's not illegal yet.

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Re: FDIC Friday

Postby jimprepper333 » Sat Oct 22, 2011 4:22 am

I bank with a small town bank, only three branches in the local rural towns, but I always keep cash out and am prepared to drain the account at a moments notice. Just hope I am quicker then they are. Grin
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Re: FDIC Friday

Postby WyoDutch » Sat Oct 22, 2011 7:15 am

Lynda wrote:Makes me glad I only conduct business with a credit union.


When the banksters, shysters and Wall Street Shylocks got their $700 billion pound of flesh from the Republican Thieves Club and Democrat Liars Lodge, I closed all bank accounts and transferred to credit unions.

Even here in rural Wyoming, our two REPUBLICAN senators (Enzi and Barrasso) get approximately 70% of their campaign payola from out-of-state corporations and wealthy CEOs.

We have the best government money can buy.

You know times are bad in America when GW Bush's presidency starts looking good..
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Re: FDIC Friday

Postby Lynda » Sat Oct 22, 2011 7:27 am

WyoDutch wrote:
Lynda wrote:Makes me glad I only conduct business with a credit union.


When the banksters, shysters and Wall Street Shylocks got their $700 billion pound of flesh from the Republican Thieves Club and Democrat Liars Lodge, I closed all bank accounts and transferred to credit unions.

Even here in rural Wyoming, our two REPUBLICAN senators (Enzi and Barrasso) get approximately 70% of their campaign payola from out-of-state corporations and wealthy CEOs.

We have the best government money can buy.




LAnd?
THINK......It's not illegal yet.

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Re: FDIC Friday

Postby Lynda » Sat Oct 22, 2011 7:29 am

sorry, typo.

This has little to no relevance to me. I simply stated that I prefer to conduct business with a credit union.
THINK......It's not illegal yet.

I Am Responsible For What I Say. I Am Not Responsible For What You Understand.
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Re: FDIC Friday

Postby WizardTN » Fri Oct 28, 2011 11:57 pm

And another one bites the dust...

Bank Name City State CERT # Acquiring Institution Closing Date
All American Bank Des Plaines IL 57759 International Bank of Chicago October 28, 2011
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Re: FDIC Friday

Postby WizardTN » Sat Nov 05, 2011 12:06 pm

And the weekly event continues. Is it becoming so expected and commonplace that everyone is just yawning about these events?
What does that say about the situation and about us?

Bank Name City State CERT # Acquiring Institution Closing Date Updated Date
SunFirst Bank Saint George UT 57087 Cache Valley Bank November 4, 2011
Mid City Bank, Inc. Omaha NE 19397 Premier Bank November 4, 2011
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