21st Bank of the Year to Fail and Counting...
source: http://www.nytimes.com/2009/03/28/business/28bizbriefs-IN21STSEIZUR_BRF.html
-
-
- 1percent
- added this
Another one bites the dust...
We are now 4 banks away from the total number of banks to fail LAST YEAR.
Interesting times are ahead.
Be prepared for the upcoming "Dollar Crisis"
Omni National Bank of Atlanta was seized by federal regulators, the 21st bank in the United States to fail this year. Omni National, with $956 million in assets and $796.8 million in deposits, was shut by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named receiver. SunTrust Banks of Atlanta will operate the lender’s six branches and wind down the bank by April 27, the F.D.I.C. said.
The failed bank, which was opened in 2000 and owned by Omni Financial Services, had branches in Georgia, Illinois, Florida and Texas, and two loan offices in Alabama and Pennsylvania. Omni National customers must transfer accounts by April 27, or receive a check from SunTrust after the branches are closed, the F.D.I.C. said.
Please read article at link-
We are now 4 banks away from the total number of banks to fail LAST YEAR.
Interesting times are ahead.
Be prepared for the upcoming "Dollar Crisis"
Omni National Bank of Atlanta was seized by federal regulators, the 21st bank in the United States to fail this year. Omni National, with $956 million in assets and $796.8 million in deposits, was shut by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named receiver. SunTrust Banks of Atlanta will operate the lender’s six branches and wind down the bank by April 27, the F.D.I.C. said.
The failed bank, which was opened in 2000 and owned by Omni Financial Services, had branches in Georgia, Illinois, Florida and Texas, and two loan offices in Alabama and Pennsylvania. Omni National customers must transfer accounts by April 27, or receive a check from SunTrust after the branches are closed, the F.D.I.C. said.
Please read article at link-
-
- groups:
- Community, News and Politics, Money
-
- tags:
- News, News and Politics, Economy, Money, 15 more
