Tuesday, September 16, 2008

List of Banks Failures

Banks that have failed in 2008. This year (as of September 14, 2008) eleven banks have failed according to the Federal Deposit Insurance Corporation.
Silver State Bank , Henderson , Nev. , Closed: Sept. 5, 2008
Integrity Bank, Alpharetta , Ga. , Closed: Aug. 29, 2008
The Columbian Bank and Trust, Topeka , Kan. , Closed: Aug. 22, 2008
First Priority Bank, Bradenton , Fla. , Closed: Aug. 1, 2008
First Heritage Bank, Newport Beach , California , Closed: July 25, 2008
First National Bank of Nevada , Reno , Nev. , Closed: July 25, 2008
IndyMacBank, Pasadena , Calif , Closed: July 11, 2008
First Integrity Bank, Staples, Minn , Close May 30, 2008
ANB Financial, Bentonville, Ark. Closed: May 9, 2008
Hume Bank , Hume , Mo. Closed: March 7, 2008
Douglass National Bank , Kansas City , Mo. , Closed: Jan. 25, 2008
Click here for more information
Fannie Mae, Freddie Mac also fail. On September 7, 2008 the federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis. How Fannie Mae and Freddie Mac work:

No comments: