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bank closure

FDIC closes fifth bank of 2016 in the state of Arkansas

On Sept. 23, the FDIC closed down their fifth bank for 2016 as Allied Bank shuttered its doors.  This institution is the first bank failure for the month of September, and the first Arkansas bank closure […]

FDIC closes bank in Georgia, first one in over three months

On Aug. 19, the FDIC closed down their fourth bank for 2016 as The Woodbury Banking Company  shuttered its doors.  This institution is the first bank failure in over three months, with First Cornerstone Bank being […]

FDIC closes third bank of 2016 in King of Prussia, Pennsylvania

On May 6, the FDIC closed down their third bank for 2016 as First Cornerstone Bank shuttered its doors.  This institution is the second bank failure in the past two weeks, with Trust Company Bank being closed […]

FDIC closes second bank of 2016 in Memphis, Tennessee

On April 29, the FDIC closed down is second bank for 2016 as Trust Company Bank shuttered its doors.  This institution is the second bank failure in the past two months, with North Milwaukee State Bank being […]

FDIC closes first bank of 2016 in Wisconsin

On March 11, the FDIC closed down is first bank for 2016 as North Milwaukee State Bank shuttered its doors.  This institution is also the first bank failure in over five months, when Hometown National […]

October begins with a bang as FDIC closes two banks

For the first time in several years, the U.S. went nearly three months without having a bank failure or closure, but on Oct. 2, two financial institutions were shut down by the FDIC. The Bank of […]

FDIC closes first bank in two months bringing total amount of failures in 2015 to 6

Premier Bank, located in Denver, CO, was closed down by the FDIC on Friday, July 10.  This bank failure is the first one for the month of July and is the sixth overall bank closure for 2015. […]

FDIC closes first U.S. bank in nearly 3 months bringing total number in 2015 to 5

Edgebrook Bank, located in Chicago, IL, was closed down by the FDIC on Friday, May 8.  This bank failure is the first one for the month of May and is the fifth overall bank closure for 2015. 5/8/2015 […]

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