Saturday, October 16, 2010

Bank Failure Friday: FDIC Closes 3 Banks *2010 YTD Total Now 132*

۩ ۩ ۩


Bank Failure Friday: FDIC Closes 3 Banks

The 2010 USA bank failures increased to 132 with the closure of 3 banks listed below. Total assets of the closed banks were $1,779,900,000 ($1.78 billion), based on the June 30 call reports (regulatory financial statements). All 3 banks were merged via purchase and assumption agreements into other banks.

#130 Premier Bank, Jefferson City, MO (Total assets $1.18B, merged into Providence Bank, Columbia, Missouri)

#131 WestBridge Bank and Trust Company, Chesterfield, MO (Total assets $91.5M, merged into Midland States Bank, Effingham, Illinois)

#132 Security Savings Bank, F.S.B., Olathe, KS (Total assets $508.4, merged into Simmons First National Bank, Pine Bluff, Arkansas)

The next FDIC bank closings, if any, will most likely be announced on Friday, October 22.

Related Articles and Links

Recent Posts by Boom Doom Economy
USA Consumer Sentiment Dips to 3-Month Low (Chart) "Personal financial expectations were near all-time low"
USA Economic Weekly Leading Index Dips to 3-Week Low (Charts & Video) "Economy will remain sluggish"
USA Weekly Unemployment Claims Jump to 6-Week High (Charts) *Total Claims 462,000*
Global All-Industry Output Index at 10-Month Low (Chart) "Global recovery lost further traction"
Global Services PMI at 8-Month Low (Chart) "Recovery lost further momentum"
USA Non-Manufacturing Index (NMI) Up +1.7% in September (Chart) "Continued growth at faster rate"
USA Unemployment Rate Continues at 9.6% in September (Charts) *95,000 jobs lost*
Global Manufacturing PMI at 14-Month Low (Chart) "Production is likely to stop growing or even contract"
USA Manufacturing PMI Contracts in September -1.9% (Chart) *10 month low, growing at slower rate*
USA Q2 GDP Revised Slightly Upwards to +1.7% (Chart)
USA Monthly Consumer Confidence Index at 7 Month Low (Chart)
Global All-Industry Output Index Dips to 6 Month Low (Chart)
USA Monthly Sales for Retail & Food Services Up +0.4% in August (Chart)
Recent Posts by Matrix Markets
S&P 500 Rally Resumes (Charts) *Bulls continue upwards 5 of last 6 weeks*
Recent Posts by Financial Controls
Citigroup Reports Earnings Monday (Financial Charts & Review) *Estimated Revenues $21.23B, EPS $0.06* C
JP Morgan Reports Mixed Q3 Earnings (Financial Charts & Review) *Revenues $23.8B, EPS $1.01* JPM
USA Total Consumer Credit Decreases in August (Charts) *7th consecutive monthly decline*
Federal Reserve: Pace of Economic Recovery Likely to be Modest in Near Term (Review)
Fed Beige Book: USA Economic Growth at Modest Pace (Review)
Fed Chair Bernanke: Pace of Economic Recovery Has Slowed Somewhat (Review)
Fed Chair Bernanke: Moderate Recovery, Outlook "Unusually Uncertain" (Review)
FOMC Lowers USA 2010 GDP Projection (Review)
Other Links
Failed Bank Information
Information for Premier Bank, Jefferson City, MO (FDIC)
Information for WestBridge Bank and Trust Company, Chesterfield, MO (FDIC)
Information for Security Savings Bank, F.S.B., Olathe, KS (FDIC)

USA and Global economic charts
Apple (AAPL) financial performance and stock charts
Google (GOOG) financial performance and stock charts
Microsoft (MSFT) financial performance charts
Intel (INTC) financial performance charts
JPMorgan Chase & Co. (JPM) financial performance charts
Citigroup (C) financial performance charts
S&P 500 charts and review

Follow Financial Controls (FinConInc) on Twitter!

۩ ۩ ۩

Seeking Alpha