BANK.....BUST.....FRIDAY !!!!! The Sunshine State edition

[marmar]

Bank Closing Information
October 23, 2009


Riverview Community Bank, Otsego, MN
Bank of Elmwood, Racine, WI
Flagship National Bank, Bradenton, FL
Hillcrest Bank Florida, Naples, FL
American United Bank, Lawrenceville, GA
Partners Bank, Naples, FL


www.fdic.gov

[dixiegrrrrl]

1. The ugly truth is most banks meet criteria for being closed

and the uglier truth is, by the time FDIC does get around to closing them,
their liabilities, which FDIC has to pay, are hundreds of times higher than they would have been
if they had been closed earlier.

No wonder FDIC complains of being out of money.

[AllentownJake]

2. I'm waiting for Citigroup, JPMorgan, or Bank of America to appear on that list

Everything I'm reading online says they are walking zombies. They are trying to have everyone voluntarily cut up their credit cards before Christmas.

[marmar]

3. Something is clearly FUBAR at $hiti......Stay tuned.

nt

[SpiralHawk]

4. Republiconomic thinking created an economic morass

Thanks a pantload, so-called 'conservative' republicon business entities.

[Ilsa]

5. Robert Ruben should be one of the first they fire. nt

[AllentownJake]

7. I hope not

The President will probably hire him for something than.

[dixiegrrrrl]

6. C'mon, don't be a tease.

Getting my hopes up and all that.
Give a little more info.
A wee hint, or ten or more....

[AllentownJake]

9. Here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6840610&mesg_id=6840610

[marmar]

12. A friend who works on one of the higher floors at Citicorp Plaza said execs are bolting left & right

...... and cashing out their options.

[AllentownJake]

13. There goes DOW 10,000

Those assholes better not be asking for another bailout. Receivership.

[Barack_America]

16. Huh. Pat Buchanan said he sold all his stock too.

As I noted on AllentownJake's other thread today.

Wow.

This is starting to look very bad for Citibank.

[AllentownJake]

11. I posted this earlier today

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6840610&mesg_id=6840610

[Subdivisions]

10. There are rumors on the financial discussion blogs and forums that one is coming soon. n/t

[AllentownJake]

14. Healthy banks

don't cut the credit lines of their best customers right before the busiest shopping season of the year.

[Subdivisions]

17. Are you referring to something specific, AJ? n/t

[AllentownJake]

18. Here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6840610&mesg_id=6840610

[AllentownJake]

19. and here

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=6840688&mesg_id=6840688

[Subdivisions]

8. HOLY SHIT!!! n/t

[akwapez]

15. Add one more..

First DuPage Bank Westmont, IL

[dixiegrrrrl]

22. Seven total for this week. Hmmmmmmm

[nc4bo]

20. Good gawd, lookie there. Nevermind don't look, nothing to see, economy's in recovery.

Just keep it moving. :eyes:

[Barack_America]

23. What? I don't see anything.

Think I'll go shopping tomorrow.

[CountAllVotes]

21. something is rotten in ...

the USA!

:kick: & recommend.

[eppur_se_muova]

24. Not a total bust, but Regions is showing big losses ...

By Associated Press
10:06 AM CDT, October 21, 2009

BIRMINGHAM, Ala. (AP) — Regions Financial Corp. has announced plans to close 121 branches in cost-saving move, with three of the locations in Alabama.

Regions announced the consolidation plan Tuesday while reporting a third quarter net loss of $437 million, or 37 cents a share, compared with net income of $79.5 million, or 11 cents per share, in the year-ago period.

The three Alabama branches affected are in Huntsville, Cullman and Montgomery.
***
http://www.whnt.com/news/sns-ap-al--regions-branches,0,...

[lonestarnot]

25. kick

:kick: