What do Boca Raton, FL, Normal, IL, Germantown, MD, and Ogden, UT have in common? They are home to the latest four banks to shutter their doors in 2010, bringing the total failed bank count this year to 26. With over 700 banks on the FDIC’s watch … [Read more...]
US Bank Failures Continue to Inch Up
March 7, 2010 By Leave a Comment
FDIC-insured bank failure totals continue to rise around the US, with the latest two bank failures coming in Nevada and Washington, with Carson River Community Bank and Rainier Pacific Bank. Carson River Community Bank, Carson City, Nevada On … [Read more...]
REO and Non-Performing Loan Totals Increase 9.9% at US Banks
February 25, 2010 By 2 Comments
US banks reported an increase in distressed mortgage and REO volume of nearly 10% over the previous quarter. Troubled real estate and distressed whole loans with banks now top $352 Billion, up from a little more than $320 Billion in the previous … [Read more...]