MNeagle
9th June 2013, 12:31 PM
Was thinking we haven't heard of any bank closings lately, so I searched & found an update:
US Bank Closures Reach 15 In 2013 As Regulators Close One Bank In Nevada
6/6/2013 9:53 PM ET
The Federal Deposit Insurance Corp. or FDIC, announced late Thursday the shuttering of one bank in Nevada, taking the count of total U.S. bank closures in 2013 to 15, after 51 in 2012, 92 in 2011 and the 157 bank closures in 2010.
This is the first FDIC-insured institution to fail in Nevada this year. The last FDIC-insured institution closed in the state was Nevada Commerce Bank, Las Vegas, on April 8, 2011.
FDIC closed 1st Commerce Bank, with one office in North Las Vegas, with about $20.2 million in assets and $19.6 million in deposits as of March 31.
Plaza Bank (PZBW.OB (http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/SymbolSearch.aspx?Symbol=PZBW.OB)) (PLZB.OB (http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/SymbolSearch.aspx?Symbol=PLZB.OB)), based in Irvine, California, agreed to assume the failed bank's deposits and to buy its assets. The FDIC estimates that cost to the Deposit Insurance Fund will be $9.4 million.
In addition, the FDIC and Plaza Bank agreed to share losses on $12.2 million of 1st Commerce Bank's loans and other assets.
http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/2132003/us-bank-closures-reach-15-in-2013-as-regulators-close-one-bank-in-nevada.aspx
Sadly, that long-running thread itemizing all the past failures is gone....
US Bank Closures Reach 15 In 2013 As Regulators Close One Bank In Nevada
6/6/2013 9:53 PM ET
The Federal Deposit Insurance Corp. or FDIC, announced late Thursday the shuttering of one bank in Nevada, taking the count of total U.S. bank closures in 2013 to 15, after 51 in 2012, 92 in 2011 and the 157 bank closures in 2010.
This is the first FDIC-insured institution to fail in Nevada this year. The last FDIC-insured institution closed in the state was Nevada Commerce Bank, Las Vegas, on April 8, 2011.
FDIC closed 1st Commerce Bank, with one office in North Las Vegas, with about $20.2 million in assets and $19.6 million in deposits as of March 31.
Plaza Bank (PZBW.OB (http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/SymbolSearch.aspx?Symbol=PZBW.OB)) (PLZB.OB (http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/SymbolSearch.aspx?Symbol=PLZB.OB)), based in Irvine, California, agreed to assume the failed bank's deposits and to buy its assets. The FDIC estimates that cost to the Deposit Insurance Fund will be $9.4 million.
In addition, the FDIC and Plaza Bank agreed to share losses on $12.2 million of 1st Commerce Bank's loans and other assets.
http://www.rttnews.com/(X(1)A(hehEgyW1zAEkAAAANWZlODAwMzItMmNlMy00ZTk2LTk 2MDktODUyMWE2ODRkYjQ48M4zW_tBY6pVIessYyInYCGZAQk1) )/2132003/us-bank-closures-reach-15-in-2013-as-regulators-close-one-bank-in-nevada.aspx
Sadly, that long-running thread itemizing all the past failures is gone....