FDIC closes 3 banks tonight - so far. - Democratic Underground

Dr.Phool

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Fri Jun-04-10 06:46 PM
Original message

FDIC closes 3 banks tonight - so far.

Source: FDIC.gov

Great Western Bank, Sioux Falls, South Dakota, Assumes All of the Deposits of TierOne Bank, Lincoln, Nebraska
June 4, 2010

FDIC Approves the Payout of the Insured Deposits of Arcola Homestead Savings Bank, Arcola, Illinois
June 4, 2010

The Jefferson Bank, Fayette, Mississippi, Assumes All of the Deposits of First National Bank, Rosedale, Mississippi
June 4, 2010

Read more: http://www.fdic.gov/

More info for each bank at FDIC website.

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Recursion

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Fri Jun-04-10 07:56 PM
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1. They try to do this on Friday evenings

There was an episode of "This American Life" not too long ago that went through the whole process of closing down a bank.

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Dappleganger

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Fri Jun-04-10 08:28 PM
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2. Nothing closed in FL today.

That's unusual (probably will make up for it next week).

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