Enterprise Banking Co Failure Exposes Inequity of FDIC Deposit Insurance –...
January 21, 2011 -Enterprise Banking Company, McDonough, GA was closed today by the Georgia Department of Banking and Finance which named the FDIC as receiver. The FDIC was unable to find a buyer for...
View ArticleEnterprise Banking Company Fails And Depositors Facing Losses
January 21, 2011 – Enterprise Banking Company, McDonough, GA was closed today by the Georgia Department of Banking and Finance which named the FDIC as receiver. The FDIC was unable to find a buyer for...
View ArticleFirsTier Bank of Colorado Fails – Depositors Facing Losses
January 28, 2010 – Large depositors at failed FirsTier Bank of Colorado are shocked to learn that they potentially face the loss of all deposits held in excess of the FDIC deposit insurance limits....
View ArticleBanking Failures Increase To Eleven As Regulators Seize Four Banks
Four banking failures in four different states increased the number of banking collapses in 2011 to eleven banks. The FDIC, with a long list of 860 Problem Banks, was hit for $545.5 million in losses....
View ArticleDepositor Losses Result In Threats Against FDIC
January 28, 2011 – In a speech before the Native Sons and Daughters of Kansas, FDIC Chief Sheila Bair discussed a wide range of topics including her role as a public servant, causes of the housing bust...
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FDIC Warns Banks On Potential Losses By Depositors
The ultimate nightmare for a bank customer is to have uninsured funds in a failed bank. Depositor losses at FDIC insured institutions occur more frequently than most people realize. Twice already in...
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Will The Run On Greek Banks Spread Across Europe?
With the interest rate on short term Greek government debt approaching 100%, markets are saying that default by Greece is inevitable. Greece is expected to run out of cash within weeks and massive...
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Bank of the Eastern Shore, Cambridge, MD, Fails – Uninsured Depositors Out Of...
Maryland state regulators closed the Bank of the Eastern Shore, Cambridge, MD and the FDIC was appointed as receiver. As has happened on previous occasions, the FDIC was unable to find a buyer for the...
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NOVA Bank, Berwyn, PA, Fails – Depositors Face Losses As FDIC Fails To Find...
Large depositors of NOVA Bank, Berwyn, PA, are in a panic today after state regulators closed the failed bank. The FDIC, acting as receiver, was unable to find a buyer for NOVA Bank, and will pay off...
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What a Collapsed Banking System Looks Like
In the 1930’s the collapse of the banking system propelled the world into an economic collapse. Depositors lost their savings, confidence was shattered, companies starved for capital went out of...
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