Comments on: FDIC closes banks in Michigan and California http://www.creditwritedowns.com/2009/04/fdic-closes-banks-in-michigan-and-california.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: PRAVIN404 http://www.creditwritedowns.com/2009/04/fdic-closes-banks-in-michigan-and-california.html#comment-56265 PRAVIN404 Sat, 25 Apr 2009 03:13:00 +0000 http://www.creditwritedowns.com/?p=8058#comment-56265 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/finance/FinanceHome.jsp 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/finance/FinanceHome.jsp

]]> By: JABBO http://www.creditwritedowns.com/2009/04/fdic-closes-banks-in-michigan-and-california.html#comment-56264 JABBO Sat, 25 Apr 2009 00:26:00 +0000 http://www.creditwritedowns.com/?p=8058#comment-56264 Small banks going bust every weekend... in the end it all adds up... what´s next, the Fed buying bonds issued by the FDIC with the backing of the US Gov't and the establishment of a tax payers sinking fund to make good on the abominal debt burden piling up? IT WILL HIT THE FAN! J.Abbo Panama Small banks going bust every weekend… in the end it all adds up… what´s next, the Fed buying bonds issued by the FDIC with the backing of the US Gov’t and the establishment of a tax payers sinking fund to make good on the abominal debt burden piling up? IT WILL HIT THE FAN!

J.Abbo
Panama

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