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The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator. Central Florida State Bank of Belleview, Florida, The First State Bank of Stockbridge, Georgia and American Eagle Savings Bank of Boothwyn, Pennsylvannia each received the dreaded visit by FDIC teams to begin their weekend absorption into a purchasing institution. All three found buyers. American Eagle was acquired by Capital Bank N.A. The First State Bank was purchased by Hamiton State Bank. Cental Florida State Bank is being integrated into CenterState Bank of Florida N.A. All banks had troubled histories prior to their closures as seen in these forensic pages released by Institutional Risk Analytics following the press releases.
The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator. Central Florida State Bank of Belleview, Florida, The First State Bank of Stockbridge, Georgia and American Eagle Savings Bank of Boothwyn, Pennsylvannia each received the dreaded visit by FDIC teams to begin their weekend absorption into a purchasing institution. All three found buyers. American Eagle was acquired by Capital Bank N.A. The First State Bank was purchased by Hamiton State Bank. Cental Florida State Bank is being integrated into CenterState Bank of Florida N.A. All banks had troubled histories prior to their closures as seen in these forensic pages released by Institutional Risk Analytics following the press releases.
Interesting. In Miami i had worked in the legal dept at Union Planters bank ...they were going into Chapter 11. wonder who bought them out, you should have seen how slipshod they ran that department, lol. The CFO was an attorney from Dominican Republic who never passed the US bar exam....prolly quite common in Florida.....
They also took a few weeks off at Thanksgiving as well as Christmas.
Otherwise, it's like clockwork..every Friday after the market closes.
I'm on another forum where they have a "Bank eated Friday" thread every week where we guess how many are going to get closed that day
Interesting. In Miami i had worked in the legal dept at Union Planters bank ...they were going into Chapter 11. wonder who bought them out, you should have seen how slipshod they ran that department, lol. The CFO was an attorney from Dominican Republic who never passed the US bar exam....prolly quite common in Florida.....
Isn't that comforting?
What is it that these people have such poor ethics?
They also took a few weeks off at Thanksgiving as well as Christmas.
Otherwise, it's like clockwork..every Friday after the market closes.
I'm on another forum where they have a "Bank eated Friday" thread every week where we guess how many are going to get closed that day
One of the shows...dateline, 60 minutes? Can't remember the exact one did a show where they showed them closing down the bank on a friday working through the weekend to roll everything over and reopen bright and early on a monday with the new name etc.... It was interesting to watch.
The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator. Central Florida State Bank of Belleview, Florida, The First State Bank of Stockbridge, Georgia and American Eagle Savings Bank of Boothwyn, Pennsylvannia each received the dreaded visit by FDIC teams to begin their weekend absorption into a purchasing institution. All three found buyers. American Eagle was acquired by Capital Bank N.A. The First State Bank was purchased by Hamiton State Bank. Cental Florida State Bank is being integrated into CenterState Bank of Florida N.A. All banks had troubled histories prior to their closures as seen in these forensic pages released by Institutional Risk Analytics following the press releases.
The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator. Central Florida State Bank of Belleview, Florida, The First State Bank of Stockbridge, Georgia and American Eagle Savings Bank of Boothwyn, Pennsylvannia each received the dreaded visit by FDIC teams to begin their weekend absorption into a purchasing institution. All three found buyers. American Eagle was acquired by Capital Bank N.A. The First State Bank was purchased by Hamiton State Bank. Cental Florida State Bank is being integrated into CenterState Bank of Florida N.A. All banks had troubled histories prior to their closures as seen in these forensic pages released by Institutional Risk Analytics following the press releases.
Strange that mainstream media (including Fox News) chooses not to report these closings.
Um, the Belleview bank was in several papers and on all the Orlando channels.
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