Three bank failures brings 2010's tally to 12

[TacticalPeek]

Source: MarketWatch

By Wallace Witkowski

SAN FRANCISCO (MarketWatch) -- Three bank failures in Florida, Georgia and Minnesota have brought the number of bank failures in 2010 to 12, according to the Federal Deposit Insurance Corp. late Friday. In Florida, Immokalee's Florida Community Bank will have its $795.5 million in deposits taken over by Miami's Premier American Bank. First National Bank of Georgia in Carrollton will have its $757.9 million in deposits taken over by Carrollton's Community & Southern Bank. Marshall Bank of Hallock, Minn., will have its $54.7 million in deposits taken over by United Valley Bank of Cavalier, N.D.



Read more: http://www.marketwatch.com/story/three-bank-failures-brings-2010s-tally-to-12-2010-01-29

[Downwinder]

1. Better make that four.

Add: Community Bank & Trust, Cornelia, GA

[GliderGuider]

2. Oops, now five.

First Regional Bank, Los Angeles, CA

[Newsjock]

3. Make that six

American Marine Bank, Bainbridge Island, Wash.

[Renew Deal]

5. This is the biggest Bank Bust Friday that I remember.

:nuke:

[OnlinePoker]

7. There were 3 bigger days in 2009

Jul 24 - 7, Oct 30 - 9, and Dec 18 - 7. Total loss to the FDIC fund this week is pretty big, though at over $1.8 Billion.

[LibertyLover]

4. My best friend's husband worked for the bank in Florida

She told me last week that they had gotten a head's up that it would be closed today. He is 60 or 61 and finding another job is going to be very difficult. She teaches English classes on line for Kaplan and is really glad that she has a job. I really hate it when the recession hits home like this. Of course, my husband is unemployed and looking for a job, so I guess the recession hit home a while ago.

[DebbieCDC]

6. Every Friday

You can set your watch by it