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Downey Savings and Loan/PFF Bank and Trust

December 1, 2008 — 4:55pm ET | By Dan Bowman
Who: Downey Savings and Loan Association and PFF Bank and Trust What: 21st and 22nd bank failures of 2008 (Nov. 21, 2008) Where: Newport Beach, California and Pomona, California Why: Inadequate... Read more...

The Community Bank

December 1, 2008 — 4:51pm ET | By Dan Bowman
Who: The Community Bank What: 20th bank failure of 2008 (Nov. 21, 2008) Where: Loganville, Georgia Why: Involved in construction and development lending. Fast Facts: Bank of Essex in Tappahannock,... Read more...

Security Pacific Bank

November 11, 2008 — 9:50am ET | By Dan Bowman
Who: Security Pacific Bank What: 19th bank failure of 2008 (Nov. 7, 2008) Where: Los Angeles, California Why: Inadequate capital. Fast Facts: Pacific Western Bank of Los Angeles assumed all deposits... Read more...

Franklin Bank

November 11, 2008 — 9:47am ET | By Dan Bowman
Who: Franklin Bank What: 18th bank failure of 2008 (Nov. 7, 2008) Where: Houston, Texas Why: A failure to strengthen capital. Fast Facts: Prosperity Bank of El Campo, Texas assumed all deposits from... Read more...

Freedom Bank

November 11, 2008 — 9:43am ET | By Dan Bowman
Who: Freedom Bank What: 17th bank failure of 2008 (Oct. 31, 2008) Where: Bradenton, Florida Why: A failure to raise capital. Fast Facts: Fifth Third Bank of Grand Rapids, MI assumed all deposits from... Read more...

Alpha Bank & Trust

October 28, 2008 — 8:38am ET | By Dan Bowman
Who: Alpha Bank & Trust What: 16th bank failure of 2008 (Oct. 24, 2008) Where: Alpharetta, Georgia Why: A disproportionate number of problem loans. Fast Facts: Stearns Bank of St. Cloud, MN... Read more...

What to do about FAS 157?

October 16, 2008 — 11:49am ET | By Jim Kim
The issue of fair value accounting and its importance was reflected in the... Read more...

Meridian Bank

October 14, 2008 — 9:53am ET | By Dan Bowman
Who: Meridian Bank What: 15th bank failure of 2008 (Oct. 10, 2008) Where: Eldred, Illinois Why: Risky loans. Fast Facts: National Bank of Hillsboro, Illinois assumed all deposits from Meridian Bank;... Read more...

Main Street Bank

October 14, 2008 — 9:50am ET | By Dan Bowman
Who: Main Street Bank What: 14th bank failure of 2008 (Oct. 10, 2008) Where: Northville, Michigan Why: Risky loans; declining economic conditions in Michigan. Fast Facts: All deposits were assumed by... Read more...

Can Morgan Stanley be allowed to fail?

October 13, 2008 — 1:36pm ET | By Jim Kim
For Morgan Stanley, it has come to this: Columnists are weighing in on whether the government should allow it to fail.... Read more...
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Press Releases

National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois

Meridian Bank, Eldred, Illinois, was closed today by the Illinois Department of Financial Professional Regulation-Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Read more >>