Eighteenth Bank to Close This Year – US
Bank # 18 is taken over by the FDIC Nov 7th.
On November 7, 2008, Franklin Bank, SSB, Houston, TX was closed by the Texas Department of Savings and Mortgage Lending and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
Technorati Tags: FDIC
FYI Update: Failed Bank #19
Security Pacific Bank of Los Angeles, CA.
Total deposits – $450M
Total assests – $561M
Deposits/partial assets acquired by Pacific Western Bank.
http://www.fdic.gov/bank/individual/failed/securitypacific.html
Sanchit Tiwari
10/11/2008 at 14:53
@Sanchit – thanks for the update
Colin
11/11/2008 at 12:01