bank closures: Georgia Bank Failures - United Security Bank, Sparta, GA Fails - 11/07/09 02:05 PM
United Security Bank, Sparta, GA failed this weekend.  United Security Bank had $157 million in assets and $150 million in deposits and two branches, one branch operatedas the including the branch in Woodstock, GA that operated as Bank of Woodstock.  The bank, of Moultrie, Ga., assumed the assets and deposits of the failed bank. United Security Bank failure is expected to cost the FDIC fund an estimated $58 million.  The failure of United Security Bank makes the 21st Georgia bank failure this year>Gerogia has had more bank failures than in any other state.The FDIC press release:
 "On Friday, November 6, 2009, United Security … (14 comments)

bank closures: Bank Failure - Another Bank Closed this Weekend. - 08/03/08 03:40 AM
It seems to becoming a pattern that over the weekends, and after the close of business on Wall Street the... FDIC and OTS are closing bad banks.  There is no time to make a move withdrawing money from your accounts late on a Friday night or on a Sunday.  There is also very little discussion of the event in the weekend media or news.  For the most part the weekend event is now shrouded in a veil of secrecy.  I assume they are trying to do this without fanfare, and for each bank that closes there is always a lame public … (30 comments)

bank closures: Alpharetta Bank Fails & Mortgage Related Issues Are to Blame | FDIC Shuts Alpharetta Based NetBank Down Today - 09/28/07 01:05 PM
I was searching for some Atlanta local news this evening and I came across something I wasn't looking for.  It seems that as of 3PM today the Federal Deposit Insurance Corporation FDIC and the Office of Thrift Supervision shut down a local bank which is Internet based and has no physical branches.  The name of the bank is Netbank based out of Alpharetta Georgia, and it has over 2.5 Billion in assets, and over 1200 employees.  It is the largest bank closure by the FDIC in 14 years.  The last closure of a major bank by the FDIC was in 2001.  … (23 comments)

 
Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA (Long & Foster)

Jim Crawford

Jim Crawford Broker Associate Fredericksburg VA

Fredericksburg, VA

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Long & Foster

Address: Long & Foster Fredericksburg VA, 1910 Williams Street, Fredericksburg, VA, 22401

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