BANK FAILURE FRIDAY-- AmTrust Goes DOWN (6 Total So Far) | |
GlassPearls
(OP) User ID: 613866 United States 12/04/2009 06:27 PM Report Abusive Post Report Copyright Violation | And from the FDIC: New York Community Bank, Westbury, New York, Assumes All of the Deposits of AmTrust Bank, Cleveland, Ohio AmTrust Bank, Cleveland, Ohio, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ... As of October 27, 2009, AmTrust Bank had total assets of approximately $12.0 billion and total deposits of approximately $8.0 billion. ... As part of this transaction, the FDIC will acquire a cash participant instrument. This will serve as additional consideration for the transaction. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $2.0 billion. Furthermore, the FDIC transferred to New York Community Bank all qualified financial contracts to which AmTrust was a party. ... AmTrust Bank is the 128th FDIC-insured institution to fail in the nation this year, and the second in Ohio. The last FDIC-insured institution closed in the state was Peoples Community Bank, West Chester, which closed on July 31, 2009. Last Edited by GlassPearls on 12/04/2009 06:28 PM |
Anonymous Coward User ID: 774263 United States 12/04/2009 06:28 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 833669 United States 12/04/2009 06:30 PM Report Abusive Post Report Copyright Violation | And from the FDIC: New York Community Bank, Westbury, New York, Assumes All of the Deposits of AmTrust Bank, Cleveland, Ohio AmTrust Bank, Cleveland, Ohio, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ... As of October 27, 2009, AmTrust Bank had total assets of approximately $12.0 billion and total deposits of approximately $8.0 billion. ... As part of this transaction, the FDIC will acquire a cash participant instrument. This will serve as additional consideration for the transaction. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $2.0 billion. Furthermore, the FDIC transferred to New York Community Bank all qualified financial contracts to which AmTrust was a party. ... AmTrust Bank is the 128th FDIC-insured institution to fail in the nation this year, and the second in Ohio. The last FDIC-insured institution closed in the state was Peoples Community Bank, West Chester, which closed on July 31, 2009. Happy days are here again The skies above are clear again So let's sing a song of cheer again Happy days are here again |
Anonymous Coward User ID: 833731 United States 12/04/2009 06:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 721421 United States 12/04/2009 06:36 PM Report Abusive Post Report Copyright Violation | |
GlassPearls
(OP) User ID: 613866 United States 12/04/2009 06:47 PM Report Abusive Post Report Copyright Violation | |
GlassPearls
(OP) User ID: 613866 United States 12/04/2009 06:53 PM Report Abusive Post Report Copyright Violation | #129 goes down: [link to www.calculatedriskblog.com] |
Anonymous Coward User ID: 715509 United States 12/04/2009 07:11 PM Report Abusive Post Report Copyright Violation | From the FDIC: MB Financial Bank, National Association, Chicago, Illinois, Assumes All of the Deposits of Benchmark Bank, Aurora, Illinois Benchmark Bank, Aurora, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ... As of November 16, 2009, Benchmark Bank had total assets of approximately $170.0 million and total deposits of approximately $181.0 million.... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $64 million. ... Benchmark Bank is the 129th FDIC-insured institution to fail in the nation this year, and the twentieth in Illinois. The last FDIC-insured institution closed in the state was Park National Bank, Chicago, on October 30, 2009. |
GlassPearls
(OP) User ID: 613866 United States 12/04/2009 07:18 PM Report Abusive Post Report Copyright Violation | Greater Atlantic Bank, Reston, Virginia (assets of approximately $203.0 million and total deposits of approximately $179.0 million) Last Edited by GlassPearls on 12/04/2009 07:21 PM |
Anonymous Coward User ID: 833097 Canada 12/04/2009 07:52 PM Report Abusive Post Report Copyright Violation | |
Follower of Jesus
User ID: 781080 United States 12/04/2009 11:48 PM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 774263 Actually it was 6 today [link to news.ino.com] Follower of Jesus (FoJ) |
Anonymous Coward User ID: 833536 United States 12/05/2009 12:09 AM Report Abusive Post Report Copyright Violation | |