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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:02 PM
Original message
Friday Night Bank Failures
http://money.cnn.com/2009/05/01/news/companies/bank_failure/?postversion=2009050118

(snip)

Georgia "bankers' bank"
The Federal Deposit Insurance Corp. said in a statement that it created a bridge bank to take over the operations of Silverton Bank, National Bank, headquartered in Atlanta.


New Jersey bank shuts
State regulators shut down Citizens Community Bank Friday night, and named the FDIC as the receiver. The Ridgewood, N.J.- based bank had total assets of approximately $45.1 million and total deposits of $43.7 million as of December 31.
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NightWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:04 PM
Response to Original message
1. look at the list. how many are from Georgia? 6? almost 1/5 of the failures...
Someone's been running a scam in Atlanta and surrounding areas
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:15 PM
Response to Original message
2. What is it with these small Ga. banks? I swear there.s another
bank in Ga. failing every friday...st least in recent times!
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:25 PM
Response to Original message
3. They were ..... GASP ......"nationalized"!
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IntravenousDemilo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 07:27 PM
Response to Original message
4. Is this going to be a regular feature? n/m
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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 08:08 PM
Response to Reply #4
5. Yes.. I think so. Each Friday we will re-cap the follies of Banksters....
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westerebus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-01-09 09:58 PM
Response to Reply #5
6. Thanks. It is appreciated. n/t
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