Comments on: Westsound Bank seized by FDIC http://www.creditwritedowns.com/2009/05/westsound-bank-seized-by-fdic.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/05/westsound-bank-seized-by-fdic.html#comment-56396 Edward Harrison Sat, 09 May 2009 19:12:00 +0000 http://www.creditwritedowns.com/?p=8582#comment-56396 I saw the FDIC was opening up Florida offices. Calculated Risk covered this as well. What does this say about how many bank failures we'll be getting there. By the way, Georgia has been leading the way on failures to date. This may change soon. I saw the FDIC was opening up Florida offices. Calculated Risk covered this as well. What does this say about how many bank failures we’ll be getting there. By the way, Georgia has been leading the way on failures to date. This may change soon.

]]> By: Adam http://www.creditwritedowns.com/2009/05/westsound-bank-seized-by-fdic.html#comment-56395 Adam Sat, 09 May 2009 18:59:00 +0000 http://www.creditwritedowns.com/?p=8582#comment-56395 I thought the other announcement they made last night was more interesting. The one about their new "satellite office" in Florida. It's a new 500 person office in Jacksonville, which exists solely to close down banks. Their announcement: http://www.fdic.gov/news/news/press/2009/pr09068.html My commentary, plus related bank info: http://www.bearishnews.com/post/715 I thought the other announcement they made last night was more interesting. The one about their new “satellite office” in Florida. It’s a new 500 person office in Jacksonville, which exists solely to close down banks. Their announcement:

http://www.fdic.gov/news/news/press/2009/pr09068.html

My commentary, plus related bank info:

http://www.bearishnews.com/post/715

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