It's BANK BUST FRIDAY Everybody !!!!!

[marmar]

Which banks went:nuke: today?


Bank Closing Information - April 24, 2009
These links contain useful information for the customers and vendors of these closed banks.

First Bank of Idaho, Ketchum, ID
First Bank of Beverly Hills, Calabasas, CA
Michigan Heritage Bank, Farmington Hills, MI
American Southern Bank, Kennesaw, GA


www.fdic.gov

[Stephanie]

1. I transferred to the Credit Union this week.

Are nefarious rip-off banks a symptom of the past?

[marketcrazy1]

3. credit unions are not immune, also today.......

April 24 (Bloomberg) -- Eastern Financial Florida Credit
Union, with $1.6 billion in assets and 200,000 customers, was
seized by regulators because of its “declining financial

condition.”

The Miramar, Florida-based lender was placed in

conservatorship and Space Coast Credit Union in Melbourne,
Florida, will temporarily take over its operations, the National
Credit Union Administration said in a statement today.

“While the credit union was placed into conservatorship

because of declining financial condition, the decision to

conserve a credit union enables the institution to continue
normal operations,” the regulator said in the e-mailed
statement.

Eastern Financial Florida Credit Union has customers in
five Florida counties and in Jacksonville, the regulator said.

[iamthebandfanman]

2. and i still dont care.

my only beef is that this list should have been made up of the large fuck up national banks, not regional ones.

[NightWatcher]

4. how many North Georgia banks have failed?

seems like at least one a week that I've never heard of.

[marmar]

5. There do seem to be an awful lot of Georgia banks....usually at least one each week.

Real estate chickens coming home to roost?

[dixiegrrrrl]

7. 6 GA banks closed in 2009, to date.

More importantly, as of now, 29 banks have closed this year, compared to
25 banks closing in all of 2008
and 3 banks closing in 2007.

Source: the failed bank list on the FDIC site

http://www.fdic.gov/bank/individual/failed/banklist.html

[NV Whino]

6. Having once lived near Calabasa

I have to say that the First Bank of Beverly Hills, Calabasas is an oxymoron to start with. Which may be the reason it failed.