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U.S. Banks Post Profit, but Woes Persist

 

Source: WSJ.com

A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.’s list of "problem" institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.

Poor loan performance in other sectors also continued to hurt banks, with the total number [...]

Puerto Rican bank failures bring 2010 tally to 60

 

Source: MarketWatch

Three bank failures in Puerto Rico on Friday raised the tally of failed U.S. banks for the year to 60, according to the Federal Deposit Insurance Corp. Puerto Rico’s Westernbank will be taken over by Banco Popular de Puerto Rico; Eurobank will be taken over by Oriental Bank and Trust; and R-G Premier [...]

Regulators shut 7 banks in 5 states; 37 in 2010

 

Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.

The closings follow the 140 that succumbed in 2009 to mounting loan defaults and the recession.

The Federal Deposit Insurance Corp. took over First Lowndes Bank, in Fort Deposit, Ala.; Appalachian Community Bank [...]

FDIC shuts down banks in Nevada and Washington

 

Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.

The Federal Deposit Insurance Corp. was appointed receiver of Carson River Community Bank, based in Carson City, Nev. and Rainier Pacific Bank in Tacoma, Wash.

Carson River Community Bank had $51.1 million in assets and $50 [...]

List of Troubled Banks at 16-Year Peak, F.D.I.C. Says

The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.

With bank failures running at their highest level in nearly two decades, the F.D.I.C. is racing to keep up with rising losses to its insurance fund, which safeguards [...]