Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,225
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

Keyword: failedbank

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  • FDIC prepares to place First Republic under receivership -source

    04/28/2023 3:39:21 PM PDT · by dynachrome · 29 replies
    Reuters ^ | 4-28-23 | Greg Roumeliotis
    he U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank (FRC.N) under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down nearly 50% in extended trading. The U.S. banking regulator decided the troubled regional lender's position has deteriorated and there is no more time to pursue a rescue through the private sector, the source told Reuters, requesting anonymity because the matter is confidential.
  • Advice from "beyond the echo chamber"

    02/06/2009 3:56:41 PM PST · by Cindy · 14 replies · 337+ views
    WHITEHOUSE.gov - blog ^ | Friday, February 6th, 2009 at 12:55 pm | n/a
    Note: The following text is a quote: http://www.whitehouse.gov/blog_post/beyond_the_echo_chamber/ Friday, February 6th, 2009 at 12:55 pm Advice from "beyond the echo chamber" We just learned the economy lost another 600,000 jobs last month. It's a staggering number, and it underscores just how deep this crisis is – and, as the President pointed out this morning, it’s accelerating. That's why he created the Economic Recovery Advisory Board -- to solicit ideas from "beyond the echo chamber of Washington, DC." "I’m not interested in groupthink, which is why the Board reflects a broad cross-section of experience, expertise, and ideology," he said. "We’ve recruited...
  • Feds just closed down Security Pacific Bank

    11/07/2008 6:07:36 PM PST · by dragnet2 · 28 replies · 3,342+ views
    KFI Los Angeles AM640 ^ | 11/7/08 | KFI Los Angeles
    Will open Monday under new receivership. Just breaking. Announced at on Friday evening.. Oh yeah.
  • Information for IndyMac Bank, F.S.B., Pasadena, CA [failed bank alert]

    07/11/2008 3:33:15 PM PDT · by Brian S. Fitzgerald · 124 replies · 1,121+ views
    On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator. All non-brokered insured deposit accounts and substantially all of the assets of IndyMac Bank, F.S.B. have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA ("assuming institution") a newly chartered full-service FDIC-insured institution. No advance notice is given to the public when a financial institution is closed. The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit,...