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Author Topic: YABF - Yet Another Bank Failure  (Read 35083 times)

clarence

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Re: YABF - Yet Another Bank Failure
« Reply #240 on: May 18, 2012, 09:31:58 PM »

#24 Alabama Trust Bank, National Association, Sylacauga, Alabama

assets=$51.6M, estimated loss=$8.9M. about 17.2%.

just another small town bank.

clarence

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Rarick

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Re: YABF - Yet Another Bank Failure
« Reply #241 on: May 19, 2012, 09:16:35 AM »

They are probably "Making the economy more manageable" by concentrating into the big 5 "Cannot Fail" banks.  Effectively nationalizing the banking system.    Sneaky quietly, except for Ron Pauls end the fed, there doesn't seem to be anyone else.......   Except maybe a "Fight Club" fringe?

Yet another reason to make your cash into something other than FRN's.   Also invest in your ability to do/ survive, go camping more, do more hiking, learn trail/wood craft stuff........It takes money to make the mistakes that leaning takes, your dividend on the investment will be skills to avoid the lion tiger and bear bills later.

Incidentally the black/ free market, at one point, in Russia was probably larger than the "Real" one run by the state...........
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MamaLiberty

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Re: YABF - Yet Another Bank Failure
« Reply #242 on: May 19, 2012, 09:36:12 AM »

Quote
which will remain open until May 25, 2012 to allow depositors access to their insured deposits and time to open accounts at other insured institutions.

Hard to believe that people would actually take money from such a failed entity... and immediately trust another one.

But I see it happen every day. :(
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #243 on: June 10, 2012, 01:49:54 AM »

#25 First Capital Bank, Kingfisher, Oklahoma

assets=$46.1M, estimated loss=$5.6M. about 12.1%.

#26 Carolina Federal Savings Bank, Charleston, South Carolina

assets=$54.4M, estimated loss=$15.2M. about 27.9%.

#27 Farmers and Traders State Bank, Shabbona, Illinois

assets=$43.1M, estimated loss=$8.9M. about 20.6%.

#28 Waccamaw Bank, Whiteville, North Carolina

assets=$533.1M, estimated loss=$51.1M. about 9.6%.

hit to the d.i.f. of about $80.8M. just another day in the unfolding collapse of the world financial system.

clarence
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #244 on: June 16, 2012, 01:26:27 AM »

#29 Putnam State Bank, Palatka, Florida

assets=$169.5M, estimated loss=$37.4M. about 22.1%.

#30 Security Exchange Bank, Marietta, Georgia

assets=$151.0M, estimated loss=$34.3M. about 22.7%.

#31 The Farmers Bank of Lynchburg, Lynchburg, Tennessee

assets=$163.9M, estimated loss=$28.3M. about 17.3%.

hit to the d.i.f. of about $100M.

florida's fourth, georgia's fifth and tennessee's third. 12 of 31.

clarence

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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #245 on: July 08, 2012, 12:51:08 AM »

Montgomery Bank & Trust, Ailey, Georgia

assets=$173.6M. estimated loss=$75.2M. about 43.4%.

evidently, it looks like the bank had more problems than just bad loans: http://www.bradenton.com/2012/07/07/4106664/closed-georgia-bank-has-missing.html

Quote
On Tuesday, the U.S. attorney's office in New York announced that missing director Aubrey Lee Price has been charged with wire fraud involving the embezzlement of $17 million from the bank.

After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the federal complaint said.

clarence
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DiabloLoco

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Re: YABF - Yet Another Bank Failure
« Reply #246 on: July 08, 2012, 08:07:29 AM »

Montgomery Bank & Trust, Ailey, Georgia

assets=$173.6M. estimated loss=$75.2M. about 43.4%.

evidently, it looks like the bank had more problems than just bad loans: http://www.bradenton.com/2012/07/07/4106664/closed-georgia-bank-has-missing.html

Quote
On Tuesday, the U.S. attorney's office in New York announced that missing director Aubrey Lee Price has been charged with wire fraud involving the embezzlement of $17 million from the bank.

After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the federal complaint said.

clarence
Wow! I think that may be the highest percentage of loss in quite a while.
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #247 on: July 14, 2012, 09:51:44 PM »

Glasgow Savings Bank, Glasgow, Missouri

assets=$24.8M. estimated loss=$0.1M. about 0.4%.

more on this bank at: banktracker

the monetary information shows a small bank being stressed by non-performing loans.

clarence
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #248 on: July 22, 2012, 02:28:57 AM »

#34 The Royal Palm Bank of Florida, Naples, Florida

assets=$87.0M, estimated loss=$13.5M. about 15.5%.

#35 Georgia Trust Bank, Buford, Georgia

assets=$119.8M, estimated loss=$20.9M. about 17.4%.

#36 First Cherokee State Bank, Woodstock, Georgia

assets=$222.7M, estimated loss=$36.9M. about 16.6%.

#37 Heartland Bank, Leawood, Kansas

assets=$110.0M, estimated loss=$3.1M. about 2.8%.

#38 Second Federal Savings and Loan Association of Chicago, Chicago, Illinois

assets=$199.1M, estimated loss=$76.9M. about 38.6%.

Quote
In addition to assuming all of the deposits, Hinsdale Bank & Trust Company agreed to purchase approximately $14.2 million in assets, comprised mainly of cash. All loans, including consumer and mortgage, will be retained by the FDIC for later disposition.

fifth for florida, seventh and eighth for georgia and the fifth in chicago. hit to the d.i.f. of about $151.3M.

clarence
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #249 on: July 27, 2012, 08:25:36 PM »

#39 Jasper Banking Company, Jasper, Georgia

assets=$216.7M, estimated loss=$58.1M. about 26.8%.

ninth bank in georgia.

clarence
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #250 on: August 04, 2012, 04:36:38 AM »

#40 Waukegan Savings Bank, Waukegan, Illinois

assets=$88.9M, estimated loss=$19.8M. about 22.3%.

sixth in illinois.

clarence
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #251 on: September 07, 2012, 09:44:24 PM »

#41 First Commercial Bank,Bloomington, Minnesota

assets=$215.9M. estimated loss=$63.9M. about 29.6%.

fourth for minnesota and the first in over a month. how many dead banks are they not closing?

clarence
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Lonewolf72

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Re: YABF - Yet Another Bank Failure
« Reply #252 on: September 09, 2012, 02:52:22 PM »

And yet you never here of the closings. Hadn't heard of any in Minnesota until I read this. How many more are still hidden?
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clarence

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Re: YABF - Yet Another Bank Failure
« Reply #253 on: September 15, 2012, 12:18:08 AM »

#42 Truman Bank, Saint Louis, Missouri

assets=$282.3M, estimated loss=$34.0M. about 12%.

second in missouri this year.

banktracker troubled asset ratio=384%

i'm adding banktracker's troubled asset ratio as an indicator of how stressed the banks being closed are by non-performing loans and assets.

clarence
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mutti

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Re: YABF - Yet Another Bank Failure
« Reply #254 on: September 15, 2012, 08:01:37 AM »

...banktracker's ...clarence

Thanks for the reminder about Banktracker. They have quite a bit of information beyond just the failed banks.
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