Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
FDIC Shutters Two Banks
WASHINGTON (9/17/13)--Two banks closed Friday, which brings this year's total of failed U.S. banks to 22, the Federal Deposit Insurance Corp. announced Friday.

First National Bank, Edinburg, Texas, was closed and assumed by PlainsCapital Bank, Dallas. Also, The Community Bank, Bridgeport, Conn., was closed by The Connecticut Department of Banking, which appointed the FDIC as receiver.
 
As of June 30, the two banks had roughly $3.1 billion in total assets and $2.3 billion in total deposits.
 
The cost to the Deposit Insurance Fund will be $645 million, FDIC estimated. 
 
So far in 2013, the National Credit Union Administration has closed 12 credit unions.
Other Resources

CUNA National Economic Data
RSS





print
News Now LiveWire
Construction spending drops in January, according to @CommerceGov http://t.co/W9J1mDyF8X #Market #NewsNow
6 hours ago
During Nat'l Consumer Protection Week, @TheNCUA reminds #CU members of agency resources re: rights as consumers. http://t.co/aYgW1HoDmF
7 hours ago
.@TransUnion: #millennials climbing into driver's seat with loans http://t.co/S4H9OIB3Av
8 hours ago
Breaking at #NewsNow: @CUNA backed bill introduced by @RepEdRoyce @GregoryMeeks would raise MBL cap. #CUSmallBiz http://t.co/ZDAb2UMoQz
9 hours ago
Loan growth at federally insured #creditunions in 2014 climbed to highest level since 2005, @TheNCUA reported today. Watch News Now Tues.
10 hours ago