MoneyRates Blog
The FDIC Closes Four New Banks
February 16, 2009
By Clark Schultz | Money-Rates Columnist
By Clark Schultz | Money-Rates Columnist
Since last summer’s high-profile bank failures of multi-billion dollar, IndyMac Bank and Washington Mutual Bank, most of the banks which have closed have been smaller in size and generally banks serving local markets. The FDIC has closed four more smaller-sized banks last week as the pace of bank failures in the United States has begun to [...]
Posted in FDIC bank| FDIC banks| FDIC insurance| FDIC-insured| bank failures| fdic bank failures | 0 Comments
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FDIC Bank Failures in 2008 by State
January 6, 2009
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
The final tally of banks which failed in 2008 was 25 which includes mega-banks Washington Mutual Bank and IndyMac Bank with over $1 billion in deposits. The FDIC insurance fund took a mighty hit, but with an increase in premiums and the ability to slowly sell-off assets of acquired banks the insurance fund is not [...]
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