OMNI Trading Academy :: Forum

4/7/2009 5:43:37 PM Vinny Posts: 0	This list includes banks which have failed since JULY, 2009. Bank Name Closing Date Omni National Bank, Atlanta, GA March 27, 2009 TeamBank, National Association, Paola, KS March 20, 2009 Colorado National Bank, Colorado Springs, CO March 20, 2009 FirstCity Bank, Stockbridge, GA March 20, 2009 Freedom Bank of Georgia, Commerce, GA March 6, 2009 Security Savings Bank, Henderson, NV February 27, 2009 Heritage Community Bank, Glenwood, IL February 27, 2009 Silver Falls Bank, Silverton, OR February 20, 2009 Pinnacle Bank of Oregon, Beaverton, OR February 13, 2009 Corn Belt Bank and Trust Company, Pittsfield, IL February 13, 2009 Riverside Bank of the Gulf Coast, Cape Coral, FL February 13, 2009 Sherman County Bank, Loup City, NE February 13, 2009 County Bank, Merced, CA February 6, 2009 Alliance Bank, Culver City, CA February 6, 2009 FirstBank Financial Services, McDonough, GA February 6, 2009 Ocala National Bank, Ocala, FL January 30, 2009 Suburban Federal Savings Bank, Crofton, MD January 30, 2009 MagnetBank, Salt Lake City, UT January 30, 2009 1st Centennial Bank, Redlands, CA January 23, 2009 Bank of Clark County, Vancouver, WA January 16, 2009 National Bank of Commerce, Berkeley, IL January 16, 2009 Sanderson State Bank, Sanderson, TX December 12, 2008 Haven Trust Bank, Duluth, GA December 12, 2008 April 2, 2009 First Georgia Community Bank, Jackson, GA December 5, 2008 PFF Bank and Trust, Pomona, CA November 21, 2008 Downey Savings and Loan, Newport Beach, CA November 21, 2008 The Community Bank, Loganville, GA November 21, 2008 Security Pacific Bank, Los Angeles, CA November 7, 2008 Franklin Bank, SSB, Houston, TX November 7, 2008 Freedom Bank, Bradenton, FL October 31, 2008 Alpha Bank & Trust, Alpharetta, GA October 24, 2008 Meridian Bank, Eldred, IL October 10, 2008 Main Street Bank, Northville, MI October 10, 2008 Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT September 25, 2008 Ameribank, Northfork, WV September 19, 2008 Silver State Bank, Henderson, N September 5, 2008 Integrity Bank, Alpharetta, GA August 29, 2008 The Columbian Bank and Trust, Topeka, KS August 22, 2008 First Priority Bank, Bradenton, FL August 1, 2008 First Heritage Bank, NA, Newport Beach, CA July 25, 2008 First National Bank of Nevada, Reno, NV July 25, 2008 IndyMac Bank, Pasadena, CA July 11, 2008
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4/7/2009 5:48:11 PM Vinny Posts: 0	Now-needy FDIC collected little in premiums With fund going strong, banks didn't pay for decade By Michael Kranish Globe Staff / March 11, 2009 WASHINGTON - The federal agency that insures bank deposits, which is asking for emergency powers to borrow up to $500 billion to take over failed banks, is facing a potential major shortfall in part because it collected no insurance premiums from most banks from 1996 to 2006. The Federal Deposit Insurance Corporation, which insures deposits up to $250,000, tried for years to get congressional authority to collect the premiums in case of a looming crisis. But Congress believed that the fund was so well-capitalized - and that bank failures were so infrequent - that there was no need to collect the premiums for a decade, according to banking officials and analysts. Now with 25 banks having failed last year, 17 so far this year, and many more expected in the coming months, the FDIC has proposed large new premiums for banks at the very time when many can least afford to pay. The agency collected $3 billion in the fees last year and has proposed collecting up to $27 billion this year, prompting an outcry from some banks that say it will force them to raise consumer fees and curtail lending.
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4/20/2009 12:20:57 AM Vinny Posts: 0	April 17h, 2009 Great Basin Bank of Nevada, Elko, Nevada, with approximately $270.9 million in assets, was closed. Nevada State Bank, Las Vegas, Nevada, has agreed to assume all deposits (approximately $241.4 million). (PR-55-2009) April 17th, 2009 American Sterling Bank, Sugar Creek, Missouri, with approximately $181 million in assets was closed. Metcalf Bank, Lee's Summit, Missouri, has agreed to assume all deposits (approximately $171.9 million). (PR-54-2009) April 16th, 2009 New Frontier Bank, Greeley, Colorado, with approximately $2.0 billion in assets and approximately $1.5 billion in deposits was closed. Deposit Insurance National Bank of Greeley, Greeley, Colorado has agreed to assume the non-brokered insured deposits. (PR-53-2009) April 16th, 2009 Cape Fear Bank, Wilmington, North Carolina, with approximately $492 million in assets, was closed. First Federal Savings and Loan Association, Charleston, South Carolina, has agreed to assume all deposits (approximately $403 million). (PR-52-2009)
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4/20/2009 12:25:06 AM Vinny Posts: 0	No morals. There is an old folk saying in this country that goes like this: If you are lost in the woods with a gun and two bullets and come across a banker and a poisonous snake, which do you shoot first? Answer: The banker.................TWICE!
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4/20/2009 2:19:52 AM 77 Posts: 0	on the XLF wqe have two lows at 11.46 and 11.33 from last december that have been respected thus far also the .618 of 5.88-13.82 was respected at 10.79 then the 10.51 swing high is there under that we might think of gap fill below 10.00
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4/22/2009 6:49:21 AM msalmanbhatti Posts: 0	ADD more Banks Rbs and Some others are also in hot water
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4/24/2009 1:41:59 PM david-the-scalper Posts: 0	In the jungle only the strongest survive
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4/24/2009 1:59:22 PM 77 Posts: 0	XLF the 10.79 is still in play, see above post stress test results go to banks at 2pm et, we could see press leaks over the weekend
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5/1/2009 8:40:31 PM Vinny Posts: 0	Bank Name Closing Date Silverton Bank, N.A., Atlanta, GA May 1, 2009 First Bank of Idaho, Ketchum, ID April 24, 2009 First Bank of Beverly Hills, Calabasas, CA April 24, 2009 Heritage Bank, Farmington Hills, MI April 24, 2009 American Southern Bank, Kennesaw, GA April 24, 2009 Great Basin Bank of Nevada, Elko, NV April 17, 2009 American Sterling Bank, Sugar Creek, MO April 17, 2009 New Frontier Bank, Greeley, CO April 10, 2009 Cape Fear Bank, Wilmington, NC April 10, 2009
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5/1/2009 8:43:56 PM Vinny Posts: 0	Friday, May 1, 2009, 4:26pm EDT | Modified: Friday, May 1, 2009, 4:28pm Silverton Bank fails; 11th and biggest bank failure in Ga. Atlanta Business Chronicle - by Joe Rauch Staff Writer Silverton Bank, the bank for more than 1,500 banks nationwide, was seized late Friday by federal regulators in the largest bank failure in Georgia history. The failure’s impact will ripple through the banking industry, affecting the balance sheets of hundreds of banks across the country, which some industry experts said will have catastrophic consequences for banks across the Sun Belt. The Office of the Comptroller of the Currency has seized the bank, appointing the Federal Deposit Insurance Corp. as the receiver. The FDIC, in turn, has created Silverton Bridge Bank N.A., to manage the business of the bank and minimize the disruption to its customers. At the time of its failure, Silverton reported $4.1 billion in total assets and $3.1 billion in total deposits, which are expected to be fully covered by FDIC deposit insurance.
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5/1/2009 8:49:07 PM Vinny Posts: 0	By the Month 3 - July 2008 3 - August 3 - September 4 - October 5 - November 3 - December 6 - January 2009 10 - February 5 - March 8 - April
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5/1/2009 10:54:29 PM 77 Posts: 0	some people are talking friday session XLF broke the 'B' of an 'ABC down' http://www.livewithoscar.com/modules.php?name=Forums&file=viewtopic&p=9831#9831
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5/22/2009 5:29:23 PM Vinny Posts: 0	BankUnited, FSB is the 34th FDIC-insured institution to fail in the United States this year, The failure is the largest this year, and will cost the U.S. Federal Deposit Insurance Corp an estimated $4.9 billion. By the Month 5- May 8 - April 5 - March 10 - February 6 - January 2009 3 - December 5 - November 4 - October 3 - September 3 - August 3 - July 2008
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6/18/2009 5:47:18 AM Vinny Posts: 0	Bank of Lincolnwood, Lincolnwood, IL June 5, 2009 Citizens National Bank, Macomb, IL May 22, 2009 Strategic Capital Bank, Champaign, IL May 22, 2009 BankUnited, FSB, Coral Gables, FL May 21, 2009 Westsound Bank, Bremerton, WA May 8, 2009 America West Bank, Layton, UT May 1, 2009 Citizens Community Bank, Ridgewood, NJ May 1, 2009
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6/18/2009 5:52:59 AM Vinny Posts: 0	By the Month 1 - for far in June 7- May 8 - April 5 - March 10 - February 6 - January 2009 3 - December 5 - November 4 - October 3 - September 3 - August 3 - July 2008
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7/13/2009 12:54:55 AM Vinny Posts: 0	Mirae Bank Los Angeles CA June 26, 2009 MetroPacific Bank Irvine CA June 26, 2009 Horizon Bank Pine City MN June 26, 2009 Neighborhood Community Bank GA June 26, 2009 Community Bank of West Georgia GA June 26, 2009 First National Bank of Anthony KS June 19, 2009 Cooperative Bank Wilmington NC June 19, 2009 Southern Community Bank GA June 19, 2009 Bank of Lincolnwood Lincolnwood IL June 5, 2009
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7/13/2009 12:59:17 AM Vinny Posts: 0	9 - June 7 - May 8 - April 5 - March 10 -February 6 - January 2009 3 - December 5 - November 4 - October 3 - September 3 - August 3 - July 2008
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8/1/2009 3:25:58 PM Vinny Posts: 0	24- July 2009 9 - June 7 - May 8 - April 5 - March 10 -February 6 - January 2009 3 - December 2008 5 - November 4 - October 3 - September 3 - August 3 - July 2008 http://www.fdic.gov/bank/individual/failed/banklist.html
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9/8/2009 6:26:32 PM Vinny Posts: 0	15 - August 2009 24- July 2009 - monthly high 9 - June 2009 7 - May 2009 8 - April 2009 5 - March 2009 10 -February 2009 6 - January 2009 3 - December 2008 5 - November 2008 4 - October 2008 3 - September 2008 3 - August 2008 3 - July 2008 http://www.fdic.gov/bank/individual/failed/banklist.html
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9/19/2009 11:10:00 PM mico3600 Posts: 0	Hi I think the banks did not learn anything in this crisis, so they will go down again with the job losses.
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