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Bank Failures #115 to #118: California

Bank Failures #115 to #118: California

From the FDIC: Rabobank, National Association, El Centro, California, Acquires All the Deposits of Two Banks in California As of June 30, 2010, Butte Community Bank had total assets of $498.8 million and total deposits of $471.3 million; and Pacific State Bank had total assets of $312.1 million and…

Bank Failure #114: ShoreBank, Chicago, Illinois

Bank Failure #114: ShoreBank, Chicago, Illinois

From the FDIC: Urban Partnership Bank, Chicago, Illinois, Assumes All of the Deposits of ShoreBank, Chicago, Illinois As of June 30, 2010, ShoreBank had approximately $2.16 billion in total assets and $1.54 billion in total deposits. … The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)…

Bank Failures #111 to #113: Florida and Virginia

Bank Failures #111 to #113: Florida and Virginia

From the FDIC: CenterState Bank of Florida, National Association, Winter Haven, Florida, Acquires All the Deposits of Two Banks in Florida As of June 30, 2010, Community National Bank At Bartow had total assets of $67.9 million and total deposits of $63.7 million; and Independent National Bank had total…

Bank Failure #110: Palos Bank and Trust Company, Palos Heights, Illinois

Bank Failure #110: Palos Bank and Trust Company, Palos Heights, Illinois

Palos Bank and Trust Friday the thirteenth has come Unlucky indeed! by Soylent Green is People From the FDIC: First Midwest Bank, Itasca, Illinois, Assumes All of the Deposits of Palos Bank and Trust Company, Palos Heights, Illinois As of June 30, 2010, Palos Bank and Trust Company had…

LA Port Traffic: Imports increase, Exports Flat

LA Port Traffic: Imports increase, Exports Flat

This data last month gave the first hint of the sharp increase in the U.S. trade deficit in June. Notes: this data is not seasonally adjusted. There is a very distinct seasonal pattern for imports, but not for exports. LA area ports handle about 40% of the nation’s container port…

Bank Failure #107 & 108: Washington and Oregon

Bank Failure #107 & 108: Washington and Oregon

The Cowlitz Bank failed. Udderly Ridiculous! Their milk shake was drank. For whom the bell tolls? Liberty pushed out to sea Farewell to assets. by Soylent Green is People From the FDIC: Heritage Bank, Olympia, Washington, Assumes All of the Deposits of The Cowlitz Bank, Longview, Washington As of…

Bank Failures #105 & 106: Florida

Bank Failures #105 & 106: Florida

Florida condos Ghostly towers of failure Like area banks by Soylent Green is People From the FDIC: Centennial Bank, Conway, Arkansas, Acquires All of the Deposits of Two Institutions in Florida As of March 31, 2010, Bayside Savings Bank had total assets of $66.1 million and total deposits of…

Bank Failure #103: Home Valley Bank, Cave Junction, Oregon

Bank Failure #103: Home Valley Bank, Cave Junction, Oregon

Thy rod, staff comforts Home Valley, led through shadows They have much to fear by Soylent Green is People From the FDIC: South Valley Bank & Trust, Klamath Falls, Oregon, Assumes All of the Deposits of Home Valley Bank, Cave Junction, Oregon As of March 31, 2010, Home Valley…

Bank Failure #102: SouthwestUSA Bank, Las Vegas, Nevada

Bank Failure #102: SouthwestUSA Bank, Las Vegas, Nevada

Desert oasis Once flush green brown shifts to fail Viva, lost wages by Soylent Green is People From the FDIC: Plaza Bank, Irvine, California, Assumes All of the Deposits of SouthwestUSA Bank, Las Vegas, Nevada As of March 31, 2010, SouthwestUSA Bank had approximately $214.0 million in total assets…

Bank Failures #97 to #101

Bank Failures #97 to #101

Century mark gone Whomever is last standing Please turn out the lights by Soylent Green is People From the FDIC: IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Sterling Bank, Lantana, Florida As of March 31, 2010, Sterling Bank had approximately $407.9 million in total assets and $372.4…