Comments on: Why 96 Bank Failures (and counting) Are Bonanza For Healthy Banks

By: 28 Banks Failed Year To Date | The Basis Point

28 Banks Failed Year To Date | The Basis Point — Mon, 11 Apr 2011 14:38:38 +0000

[...] why bank failures are a bonanza for healthy banks. [...]

By: 7 Failed Banks Friday, 139 Failed Banks So Far In 2010 | The Basis Point

7 Failed Banks Friday, 139 Failed Banks So Far In 2010 | The Basis Point — Mon, 25 Oct 2010 16:21:14 +0000

[...] 7 Failed Banks Friday, 139 Failed Banks So Far In 2010 | Share | | Print The FDIC shut down 7 more banks Friday, bringing the 2010 failed bank total to 139. Below is a snapshot of the Friday failures, click the picture to see acquiring institutions for each. Here’s why bank failures are a bonanza for healthy banks. [...]

By: 2010 Bank Failure Update: 125 Down & Counting. Are Mortgage Brokers Dying Off (stats)? | The Basis Point

Mon, 20 Sep 2010 16:35:29 +0000

[...] 2010 Bank Failure Update: 125 Down & Counting. Are Mortgage Brokers Dying Off (stats)? | Share | | Print Bank Failure Update: 125 Failures & Counting A total of six banks were shut down Friday, three in Georgia and one each in New Jersey, Ohio and Wisconsin, thus hitting the 125 mark for U.S. bank failures this year – and we’re not even done with the 3rd quarter. Gone are Bank of Ellijay, First Commerce Community Bank, and Peoples Bank, along with ISN Bank (NJ), Bramble Savings Bank (OH), and Maritime Savings Bank (WI). (Don’t ask me how the word “maritime” relates to Wisconsin.) Community & Southern Bank (GA) agreed to assume the assets and deposits of the 3 Georgia banks, in Pennsylvania New Century Bank’s logo, dba Customers Bank, will be placed over ISN’s Bank, in Ohio Foundation Bank is assuming the assets and deposits of Bramble, and lastly North Shore Bank is taking over Maritime. Here’s why bank failures are good for healthy banks. [...]