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Two More Banks Fail, Total For 2009 Is Now 23 Banks
AP:
Federal regulators shut down two more banks Friday, raising the number of bank failures so far this year to 23.
The first bank was Cape Fear Bank in Wilmington, N.C., the first North Carolina bank to fail in nearly 16 years. The other bank was New Frontier Bank of Greeley, Colo., the second Colorado bank this year to collapse.
The Federal Deposit Insurance Corp. took over both banks Friday after their respective state regulators closed them down.
The FDIC did not tap a buyer for New Frontier Bank, and instead created the Deposit Insurance National Bank of Greeley. The FDIC named San Francisco-based Bank…
13Apr2009 | The Real Deal | 0 comments | ContinuedCredit Crisis Safety Plays: Three Steps to Take to Make Sure Your Bank is Safe
Seeing banks such as Wachovia Corp. (WB) get sold or Washington Mutual Inc. (WM) fail is scary for retail banking customers. But there are simple steps you can take to protect your bank assets.
A Money Morning reader recently wrote to say:
“I’m panicked. After watching the news and several banks fail, how can I know if my bank is safe? I’m retired and can’t afford to ‘lose it all’.”
With about 120 banks on the Federal Deposit Insurance Corp.’s troubled list and rumors swirling that as many as 200 more are in deep kimchee, we don’t blame you for asking – particularly since…
6Oct2008 | Money Morning | Comments Off | Continued
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