FDIC Friday – Another one bites the dust

The FDIC kept its’ streak unbroken when it closed Silver Falls Bank in Oregon late Friday.  According to CNN, U.S. bank regulators closed Silver Falls Bank on Friday, the 14th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions. The Federal Deposit Insurance Corp […]

Just another FDIC Friday

In what has become a Friday tradition, three (I posted this too soon) four more banks bite the dust.  MarketWatch.com has this story on today’s edition of  FDIC Friday. (Added at 9:54pm ET – I posted the FDIC Friday story too soon.  MarketWatch hasn’t updated the story yet, but Pinnacle Bank in Beaverton OR was […]

Another Friday, another 3 banks fail

It’s called “FDIC Friday” for a reason – the FDIC seized three more banks on February 6th, bring the total to nine for the year.  There have only been 6 Friday’s so far in 2009.  6 weeks, 9 failed banks. Here’s a CNN story with details of the failures. The failed banks are FirstBank Financial […]

Almost forgot – it’s FDIC Friday!

I don’t know how I forgot about this – it’s a Friday tradition for the FDIC to take over failing banks.  That way it’s old news by Monday morning, and the stock market won’t tank. Anyway, here are the latest bank shutdowns.  According to MarketWatch: Federal regulators closed three banks in a single day Friday, […]