Posts tagged 'banks'

BankTracker updates

Posted: March 11, 2016 | Tags: banks, BankTracker

We’ve updated the BankTracker database to include the fourth quarter, Dec. 31, 2015, releases from the Federal Deposit Insurance Corp. and the National Credit Union Administration. 

The fourth-quarter reports were analyzed by the Workshop’s former Senior Editor Wendell Cochran.

You can search by bank or by credit union to see assets, loans, deposits, reserves, profits and real-estate holdings, among other things. BankTracker still is the only publicly available site that provides this data.

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BankTracker updates

Posted: Dec. 16, 2015 | Tags: banks

We’ve just updated the BankTracker database to include the third quarter, Sept. 30 releases from the Federal Deposit Insurance Corp. and the National Credit Union Administration. 

And while the country and presidential candidates now seem focused on foreign policy and national security, it won’t be surprising if banking policies and practices get renewed attention in the upcoming primaries. 

We continue to analyze and provide quarterly banking and credit union data, based on reports from the Federal Deposit Insurance Corp. and the National Credit Union Administration, and analyzed by the Workshop’s former Senior Editor Wendell Cochran and Data ...

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Banktracker Updates

Posted: June 20, 2014 | Tags: banks

After more than five years, the Investigative Reporting Workshop has decided to make some changes in its Banktracker feature.

We still intend to provide quarterly banking and credit union data, based on reports from the Federal Deposit Insurance Corp. and the National Credit Union Administration. Today you'll find updated information from the first quarter of 2014 and can still search by bank and by credit union. Banktracker still is the only publicly available site that provides this data, and we believe it is an important public service.

However, given that the severity of the banking crisis has eased considerably ...

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Workshop adds TARP data

Posted: Dec. 10, 2013 | Tags: banks

Since the Investigative Reporting Workshop began publishing Banktracker in March 2009, we have tracked bank investments the Treasury Department made as part of the Troubled Asset Relief Program.

Even though the program is mostly winding down, the federal government still is owed more than $2 billion.

We also believe there remains significant public interest in how the program has operated even after banks repay their investments, or the Treasury sells off its stock in the banks.

We have added significant detail to our TARP pages, including more information about the sale of the government’s investments. We also have added ...

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Tennessee bank collapse largest since April 2010

Posted: Jan. 30, 2012 | Tags: banks, BankTracker, failed banks, FDIC, TARP

Friday’s failure of the Tennessee Commerce Bank of Franklin, Tenn., is the costliest bank collapse since April 30, 2010, according to the Federal Deposit Insurance Corp.

The FDIC estimated that closing the Tennessee bank would cost the deposit insurance fund $416.8 million. That would mean it cost more than any of the 92 banks that failed in 2011 or the 93 that were closed between April 30 and Dec. 31, 2010.

On April 30, 2010, the FDIC took over five banks that each cost more than $600 million. The total cost to the fund that day was more ...

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Bank failures down compared with 2010

Posted: Jan. 29, 2011 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. took over four more banks on Friday, bringing the January total to 11. But that's down from 15 in January 2010.

And the estimated cost to the bank insurance fund dropped even more dramatically. The FDIC estimated that the January failures last year would cost more than $3.2 billion. The estimate for the 11 banks that have failed so far this year is just over $1.2 billion.

This year's most expensive failure so far is the Jan. 21 closing of United Western Bank of Denver, which the FDIC estimates will cost ...

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2010 bank failures top 2009

Posted: Nov. 8, 2010 | Tags: banks, BankTracker, FDIC, Federal Deposit Insurance Corp.

Four more banks failed on Friday, bringing the total for the year to 142, meaning there will be more bank failures in 2010 than any year since at least 1992. Last year, the Federal Deposit Insurance Corp. took over 140 banks around the nation.

This year's failures have cost the insurance fund more than $21.1 billion. A year ago, failures cost the insurance fund about $37.7 billion.

More than half the failures in 2010, 83 in all, have occurred in just five states:

  • Florida, 27
  • Georgia, 17
  • Illinois, 16
  • California, 12
  • Washington, 11

There have been no ...

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Bank failure costs hit $20 billion

Posted: Oct. 5, 2010 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp.

The Federal Deposit Insurance Corp. took over two more failed banks last Friday, pushing the number for the year to 129 and the estimated cost to more than $20 billion, with three months left in the year.

Last year the FDIC had closed 97 banks through Oct. 2, but because the failed banks were larger, the total estimated cost to the government was more than $27.3 billion.

By the end of 2009, 140 banks had failed at a total estimated cost to the federal insurance fund of more than $37.2 billion. Last year there were eight bank failures ...

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Come and knock on our door

Posted: Sept. 22, 2010 | Tags: banks, BankTracker, failed banks, Flying Cheap, Frontline, stimulus, wind energy

It's been a few short years since the concept for the Investigative Reporting Workshop originated over a series of coffee and lunch meetings. Since then, the idea has grown to a reality that now includes offices on New Mexico Avenue and a staff of 20-plus strong investigative reporters and editors.

In that time, we've launched nine in-depth investigations ranging from nuclear energy's big lobbying push and green energy stimulus funds going overseas to an analysis of financial statements from every bank in the country and the political influence of media and broadband companies.

And, that's just ...

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BankTracker data updated

Posted: Sept. 15, 2010 | Tags: banks, BankTracker, FDIC, Federal Deposit Insurance Corp.

This post has been updated to correct the number of banks that have failed so far this year.

We have posted the second quarter banking data on our BankTracker site.

Here's what they show:

--The nation's banks had their best quarter in more than two years, according to their reports to the Federal Deposit Insurance Corp. But the woes brought on by the financial crisis will still take a long time to repair, as the number of banks on the government "problem list" continues to grow.

-- The amount of troubled assets on bank's books declined for the ...

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FDIC says banking conditions improving

Posted: Aug. 31, 2010 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp.

The nation's banking industry made $21.7 billion in the second quarter of this year, up from a loss of $9 billion a year ago, the Federal Deposit Insurance Corp. reported Tuesday.

"The results provide more evidence that the sector is moving along the road to recovery," FDIC Chairman Shelia Bair said at a news conference.

FDIC

Bair said bank profits were the highest in nearly three years. Profits grew primarily because banks, especially the nation's biggest ones, were able to reduce provisions for loan losses to its lowest in more than two years.

In fact, the amount of ...

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TARP bank among Friday failures

Posted: May 15, 2010 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp., Illinois banks, TARP

The Federal Deposit Insurance Corp. took over four more banks on Friday, bringing the total number of failures so far this year to 72.

Included in Friday's closings was the Midwest Bank and Trust Co. of Elmwood Park, Ill., which had been owned by Midwest Banc Holdings, Inc. of Melrose Park, Ill. Midwest Banc Holdings got $84.8 million from the Troubled Assets Relief Program in December 2008, which it had not repaid, according to the latest Treasury Department report on TARP transactions.

But the Treasury Department report also shows that in March it increased its investment in Midwest ...

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Seven Illinois banks fail Friday

Posted: April 24, 2010 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp., Illinois banks, TARP

Seven more Illinois banks were closed on Friday and taken over by the Federal Deposit Insurance Corp.

Since the beginning of last year, 31 of the 197 banks that have been closed across the country have been in Illinois. Only Georgia, with 32 failures in the past 16 months, has seen more bank closings in that period.

Friday's closings bring this year's total to 57, including 10 in Illinois.

The takeovers on Friday cost the FDIC an estimated $974 million. The biggest bank to fail was Amcore Bank National Association of Rockford, which had $3.8 billion in ...

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2010 bank failures reach 50

Posted: April 17, 2010 | Tags: banks, BankTracker, failed banks, FDIC, Federal Deposit Insurance Corp.

Eight more banks failed on Friday, including three in Florida.

The largest was the Riverside National Bank of Fort Pierce, Fla., which had assets of nearly $3.4 billion at the end of December. Riverside, plus two smaller banks, AmericanFirst Bank of Clermont and First Federal Bank of North Florida, based in Palatka, were sold to TD Bank of Wilmington, Del. The Federal Deposit Insurance Corp. estimated that the three Florida failures will cost the insurance fund in excess of $500 million.

All together, the FDIC estimates that the bank 50 closures so far this year will cost about $7 ...

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