How I learned to love the economic crisis: 2010 edition

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

Im sure this took quite some time to put together...but it's great!

I agree

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

First Regional Bank	Los Angeles	CA	23011	January 29, 2010	January 29, 2010
Community Bank and Trust	Cornelia	GA	5702	January 29, 2010	January 29, 2010
Marshall Bank, N.A.	Hallock	MN	16133	January 29, 2010	January 29, 2010
Florida Community Bank	Immokalee	FL	5672	January 29, 2010	January 29, 2010
First National Bank of Georgia	Carrollton	GA	16480	January 29, 2010	January 29, 2010

Skoal! Skoal! Skoal! Skoal! Skoal!

Of course it is only 5:40pm PST...more late entrants possible

and Number 6 is ......

American Marine Bank

Bainbridge Island

WA

16730

January 29, 2010

January 29, 2010

[GRG55]

Re: How I learned to love the economic crisis: 2010 edition

and Number 6 is ......

American Marine Bank

Bainbridge Island

WA

16730

January 29, 2010

January 29, 2010

That makes six, not seven. Now we're really screwed TPC! Henceforth it's a total crap shoot... :p

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

A new month. A new bank closing. Let the numerology (re) recommence...

1st American State Bank of Minnesota

Hancock

MN

15448

February 5, 2010

February 5, 2010

Skoal!

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

After a hiatus for the President's Day weekend, the bank failures recommence:

La Jolla Bank, FSB	La Jolla	CA	32423	February 19, 2010	February 19, 2010
George Washington Savings Bank	Orland Park	IL	29952	February 19, 2010	February 19, 2010
The La Coste National Bank	La Coste	TX	3287	February 19, 2010	February 19, 2010
Marco Community Bank	Marco Island	FL	57586	February 19, 2010	February 19, 2010

Skoal! Skoal! Skoal! Skoal!

[D-Mack]

Re: How I learned to love the economic crisis: 2010 edition

only 2 this time

Rainier Pacific Bank	Tacoma	WA	38129	February 26, 2010	February 26, 2010
Carson River Community Bank	Carson City	NV	58352	February 26, 2010	February 26, 2010

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

4 this week

Centennial Bank	Ogden	UT	34430	March 5, 2010	March 5, 2010
Waterfield Bank	Germantown	MD	34976	March 5, 2010	March 5, 2010
Bank of Illinois	Normal	IL	9268	March 5, 2010	March 5, 2010
Sun American Bank	Boca Raton	FL	27126	March 5, 2010	March 5, 2010

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

There is already one and this is only Thursday

LibertyPointe Bank

New York

NY

58071

March 11, 2010

March 11, 2010

i first saw this at
http://blogs.reuters.com/rolfe-winkl...lure-thursday/

Mar 11, 2010 19:40 EST
Rolfe Winkler


Bank failure Thursday(?)

bank failures
Generally you don’t see midweek failures unless everyone’s taking Friday off.
Particulars for the night’s casualty:
#27
—Failed bank: LibertyPointe Bank, NY NY
—Regulator: New York State Banking Department
—Acquiring bank: Valley National Bank, Wayne NJ
—Vitals: at 12/31, assets of $209.7 million, deposits of $209.5 million
—Estimated DIF damage: $24.8 million
One interesting sidenote, the bank’s Manhattan branch is across the street from the NY Fed…

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

3 more on top of the NY Fed neighbor...

Statewide Bank	Covington	LA	29561	March 12, 2010	March 12, 2010
Old Southern Bank	Orlando	FL	58182	March 12, 2010	March 12, 2010
The Park Avenue Bank	New York	NY	27096	March 12, 2010	March 12, 2010

Skoal! Skoal! Skoal!

Even including the 3 failures on March 20, 2009 - so far 30 failures in 2010 vs. 20 in 2009

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

Busy week at the FDIC:

State Bank of Aurora	Aurora	MN	8221	March 19, 2010	March 19, 2010
First Lowndes Bank	Fort Deposit	AL	24957	March 19, 2010	March 19, 2010
Bank of Hiawassee	Hiawassee	GA	10054	March 19, 2010	March 19, 2010
Appalachian Community Bank	Ellijay	GA	33989	March 19, 2010	March 19, 2010
Advanta Bank Corp.	Draper	UT	33535	March 19, 2010	March 19, 2010
Century Security Bank	Duluth	GA	58104	March 19, 2010	March 19, 2010
American National Bank	Parma	OH	18806	March 19, 2010	March 19, 2010

Skoal! Skoal! Skoal! Skoal! Skoal!

*gasp*

Skoal! Skoal!

37 bank bank failures in 2010 vs. 20 bank failures in the same week in 2009

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

Desert Hills Bank	Phoenix	AZ	57060	March 26, 2010	March 26, 2010
Unity National Bank	Cartersville	GA	34678	March 26, 2010	March 26, 2010
Key West Bank	Key West	FL	34684	March 26, 2010	March 26, 2010
McIntosh Commercial Bank	Carrollton	GA	57399	March 26, 2010	March 26, 2010

only 4 this week. 41 in 2010 vs. 21 at this week last year.

jim

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

A quiet week due to banking holiday?

[c1ue]

Re: How I learned to love the economic crisis: 2010 edition

Beginning of 2nd quarter - only 1

Beach First National Bank

Myrtle Beach

SC

34242

April 9, 2010

April 9, 2010

42 for 2010 vs. 23 for 2009

Skoal!

[jpatter666]

Re: How I learned to love the economic crisis: 2010 edition

Beginning of 2nd quarter - only 1

Beach First National Bank

Myrtle Beach

SC

34242

April 9, 2010

April 9, 2010

42 for 2010 vs. 23 for 2009

Skoal!

You know, I mentioned this to a friend of mine and they shrugged it off saying it's mainly small-fry going down now while in 2009 it was the big boys.

Do we have any comparison as to bank assets and FDIC costs?

[jiimbergin]

Re: How I learned to love the economic crisis: 2010 edition

Beginning of 2nd quarter - only 1

Beach First National Bank

Myrtle Beach

SC

34242

April 9, 2010

April 9, 2010

42 for 2010 vs. 23 for 2009

Skoal!

lots of kids had vacation the week before or the week after Easter. I expect closings to return to higher levels very soon