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Here are the regular Friday night bank failures

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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-24-09 08:39 PM
Original message
Here are the regular Friday night bank failures
It wouldn't seem like the weekend without 'em.

http://www.marketwatch.com/news/story/Four-banks-shuttered-credit-crunch/story.aspx?guid=%7B982438DE%2D54E6%2D4F2E%2D84FF%2DFA3F1556A589%7D

SAN FRANCISCO (MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s deposit insurance fund nearly $700 million as the effects of the credit crisis continued rippling throughout the U.S. economy.
Kennesaw, Ga.-based American Southern Bank marked the 26th bank failure of the year and the fifth in the state of Georgia, the FDIC said. Farmington Hills, Mich.-based Michigan Heritage Bank then became the 27th failure of 2009, followed by the closure of Calabasas, Ca.-based First Bank of Beverly Hills

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The failure of First Bank of Beverly Hills is also only the latest in a string of California bank closures. The FDIC said it marks the fourth failure in that state this year, with County Bank, of Merced, being the most recent California closure, on Feb. 6.

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Michigan Heritage Bank is the first in that state to be closed this year. The bank had $184.6 million in total assets as of Dec. 31, and $151.7 million in deposits, according to the FDIC

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Ketchum, Idaho-based First Bank of Idaho also became the first bank closure for that state this year, and the 29th in the U.S. this year- it was the first failure in Idaho since 1988, the FDIC said.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-24-09 08:41 PM
Response to Original message
1. First Bank of Beverly Hills?
wasn't that Jed Clampett's bank?
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-24-09 09:31 PM
Response to Reply #1
2. The Clampetts don't bank there anymore
Ellie May married her second cousin Jethro Bodine, and after old Jed passed they deccided they warn't going to put up with banker Drysdale's shenanigans no more, so they hired theirselves a new accountant, and he worked for a foreign company, Swedish or Swiss or something like that. Anyway,he moved all their money to some bank in the CaveMan Islands downby South America. Well a couple years back old Jethro, he passed, so now it's just Ellie May and her critters,and she moved to a rancho up the coast somewhere near the Reagan ranch, and she don't get around much anymore except to visit old Doris Day ever oncet in a while. They got a lot to talk about what with both of them bein' so fond of animals and all.
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-25-09 06:22 AM
Response to Reply #2
3. Thanks for catchin' me up!
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AnneD Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-25-09 04:19 PM
Response to Reply #2
4. You fergot bout Grannie....
the revenuers (DEA and ATF) got her and she did time fer drugs, alcohol, AND fire arms. The AMA also brought her up on practicing medicine without a license. She passed away before she the end of her sentence but the good news-she was in a club fed close to Mr Drysdale. Yeah, he got caught laundering money and failure to pay taxes. Ms Hathaway, crushed by Jethro ultimate rejection, committed suicide. It was so sad.
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