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 […]

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 […]