Submit a Story!
Votes
topics:

vote down flag
fdic.gov - 2/28/2009
Press Releases - PR-32-2009 2/27/2009
—
Bank of Nevada, Las Vegas, Nevada Assumes All of the Deposits of Security Savings Bank, Henderson, Nevada Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To ...
fdic.gov - 2/28/2009
Press Releases - PR-31-2009 2/27/2009
— fdic.gov — MB Financial Bank, N.A., Chicago, Illinois, Assumes All of the Deposits of Heritage Community Bank, Glenwood, Illinois... Heritage Community Bank, Glenwood, Illinois, was closed today by the Illinois Department of Financial Professional Regulation, ... (more) Press Releases - PR-31-2009 2/27/2009

Comments vote down Calculated Risk found this 2/28/2009found this

Blog Reactions

Calculated Risk:  Bank Failure #16 in 2009: Security Savings Bank, Henderson, Nevada

Rolfe Winkler:  Lunchtime Links 2-28

Comments
Blog Reactions

Bank Failure #16 in 2009: Security Savings Bank, Henderson, Nevada
Calculated Risk — From the FDIC: Bank of Nevada, Las Vegas, Nevada Assumes All of the Deposits of Security Savings Bank, Henderson, Nevada Security Savings Bank, Henderson, Nevada was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ... As of December 31, 2008, Security Savings Bank had total assets of approximately $238.3 million and total deposits of $175.2 million. Bank of Nevada did not pay a premium to acquire the deposits of Security Savings Bank. ... The FDIC estimates that the ...

High on the Hill
Calculated Risk — Tomorrow morning at 8AM ET, the Buffett letter to investors will be released, and later I'll post a February Economic Summary in Graphs. The AIG deal might be announced Sunday evening or Monday morning. Today real GDP growth was revised down to minus 6.2% (annualized), the Citi deal was announced, two banks failed (Heritage Community Bank, Glenwood, Illinois and Security Savings Bank, Henderson, Nevada), and the S&P; 500 is back to 1996 prices. Also, the Restaurant Performance Index for January was released, and ...

Lunchtime Links 2-28
Rolfe Winkler — ... Buffett’s Annual Letter to Shareholders (Berkshire Hathaway)   “…the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond.”  Contrast with his NYT Op-Ed from October: “Today my money and my mouth both say equities.” More bad news from Asia (Setser) VIDEO: Roubini says fully nationalizing Citi and BofA would be better (Tech Ticker) Bank Failures #15 and #16 … two more small banks.  FDIC estimates $101m cost to deposit insurance ...

Related Content
Stanford International Bank
stanfordinternational.com 2/12/2009 — Attractive interest rates are a feature of all SIB products. By channeling available resources into profitable activity, the Bank is able to pay comparatively higher interest to depositors. As a member of Stanford Private Wealth Management, the Bank ...
Preview Of PBS Frontline: 'Breaking The Bank' Airs June 16 (Video)
dailybail.com 6/15/2009 —   The bets were huge and risky—billions of dollars on the housing market. The upside was undeniable—superbanks reaped billions of dollars, dominated the landscape, and gobbled up competitors. Then the bottom dropped out—the massive losses on Wall Street nearly broke ...
RBNZ March MPS tomorrow
tvhe.co.nz 3/10/2009 — The Reserve Bank will decide how much to cut interest rates tomorrow. The market is currently expecting between a 50bp and a 75bp cut. However, there is still potential for a 100bp cut if the Bank downgrades their growth forecast sufficiently. Ultimately, it will all be about the ...
Press Releases - PR-57-2009 4/24/2009
fdic.gov 4/24/2009 — Bank of North Georgia, Alpharetta, Georgia, Assumes All of The Deposits of American Southern Bank, Kennesaw, Georgia American Southern Bank, Kennesaw, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the ...
Meredith Whitney Says Home Prices Have 30% More To The Downside (CNBC Video)
dailybail.com 4/7/2009 — Whitney apparently scheduled today as media day.  A stop in the morning for an interview with Steve Forbes then a few minutes before the close with Maria Bartiromo. We have video and transcripts from both appearances.
Recession over, Bank of Canada says
cbc.ca 7/24/2009 — The recession is over, the Bank of Canada said in its quarterly Monetary Policy Report released Thursday. After shrinking since the last quarter of 2008, the Canadian economy will grow by an annualized rate of 1.3 per cent in the current quarter, the ...
France’s Lagarde Says BOE Should Do More to Support Pound
bloomberg.com 1/22/2009 — Jan. 21 (Bloomberg) -- French Finance Minister Christine Lagarde said the Bank of England should do more to support the pound after it fell to the lowest since Margaret Thatcher was prime minister. “The Bank of England does what it can, but its ...
Introductory Remarks by the Governor at the Bank of Latvia Conference | Bank of Latvia
bank.lv 1/29/2009 — onference "Latvia on Its Way to Prosperity: Growth Potential and Development Prospects" October 18, 2006 Riga, Latvia Introductory Remarks by the Governor of the Bank of Latvia Ilmars Rimsevics Ladies and Gentlemen! It is a great pleasure to welcome ...
A Good Day For The Good Guys
dailybail.com 4/24/2009 — I remember the weekend in question last September very clearly.  Fannie and Freddie had failed. AIG was teetering.  A meeting was called, ostensibly to find a buyer for Lehman Brothers (Barclays ultimately balked at the absence of Fed assistance-sharp Brits!), but the ...
Guaranty Financial: Probably "Not be able to continue as a going concern"
calculatedriskblog.com 7/24/2009 — To start BFF off ... Guaranty Financial Group filed an 8-K with the SEC last night (ht Russ). Here are a few excerpts: [T]he Company no longer believes that it will be possible for the Company or the Bank to raise sufficient capital to comply with the Orders to Cease and Desist described in the ...
No Bank Left Behind — The Big Money 2/25/2009
Tim Geithner must have a secret longing to be education secretary. Like the education department, treasury has accepted that standardized testing is a necessary evil. Today Geithner and Co. began a two-month odyssey into the banks’ ledgers , ...
Protests in Ireland: In a stew — The Economist: Full print edition 2/26/2009
Tough times for Ireland’s government—and its people WHEN more than 100,000 people paraded through Dublin on February 21st, it was the biggest march the Irish capital had seen since 1980. Then, binmen joined bankers in protest against ...
Bank rescues: When will we see your like again? — The Economist: Full print edition 2/26/2009
Dismantling Royal Bank of Scotland AT ITS obligatory roasting by the Treasury Select Committee this week, Britain’s financial regulator was accused of “being responsible for supervising ten big banks and allowing five to collapse”. ...
AIG Cat Sez — The Big Money 3/2/2009
Recommended reading: "U.S. extends AIG bailout"-- Wall Street Journal Photo cred: simon_music
SAP: Deutsche Bank Ups Rating To Buy — BARRONS.com: Tech Trader Daily 3/2/2009
Deutsche Bank analyst Mark Bryan this morning raised his rating on the German enterprise software giant SAP (SAP) to Buy from Hold, boosting his target price to 31 Euros from 23 Euros. (That’s roughly equal to boosting his target to $39, ...