Saturday, September 4, 2010

Bank Failure Friday: No FDIC Closures! *FDIC takes Labor Day Weekend off*

۩ ۩ ۩


Bank Failure Friday: No FDIC Closures!

The 2010 USA bank failures continue at 118 with no closings on Friday, September 3. Apparently the FDIC took Labor Day Weekend off. They've been busy and it would ruin some bankers' holiday if they were proactive over this weekend. Closings on Friday, August 20, the latest 8 seizures, were:

Sonoma Valley Bank, Sonoma, CA
Los Padres Bank, Solvang, CA
Butte Community Bank, Chico, CA
Pacific State Bank, Stockton, CA
ShoreBank, Chicago, IL
Imperial Savings & Loan Association, Martinsville , VA
Independent National Bank, Ocala, FL
Community National Bank of Bartow, Bartow, FL

The next FDIC bank closings, if any, will be mostly likely be announced on Friday, September 10.


Follow Financial Controls (FinConInc) on Twitter!

۩ ۩ ۩

Seeking Alpha