The Silver State Bank failure is the 11th this year and in typical fashion the FDIC announcement came after trading Friday blaming the bank’s overexposure to commercial and real estate development mortgage loans in the two most depressed markets in the US, namely Arizona and Nevada.
The FDIC also stated depositor assets will transfer to Zion [...]

PNC Bank owned by parent PNC Financial Services Group, Inc. (NYSE: PNC) is offering $100 new customer bonus to raise capital. Why does PNC Bank need a large influx of capital? This may spell trouble for the bank.
PNC Bank about six months ago ceased their home equity wholesale operation citing market conditions and [...]

IndyMac Bancorp filed for Chapter 7 bankruptcy protection on July 31, 2008. The filing does not include the recently FDIC acquired depositor bank, IndyMac Federal Bank.
In a NY Times report, IndyMac Bancorp at the time of filing had somewhere between $50-$100 million in assets to be liquidated by the bankruptcy court. The court [...]

First Priorty Bank of Brandenton Florida shut down Friday by regulators. All six branches of First Priority Bank will open Monday as SunTrust branches according to the FDIC.
The Federal Deposit Insurance Corporation (FDIC) as it has done in many of the recent bank failures, took receivership of the bank and immediately inked an [...]