Regulators Seize 2 Banks; 94 Failures This Year

NEW YORK — Regulators shut down two banking units of Irwin Financial Corp. Friday, marking the 93rd and 94th failures this year of federally insured banks. The Federal Deposit Insurance Corp. was appointed receiver of Louisville, Ky.-based Irwin Union Bank FSB and Columbus, Ind.-based Irwin Union Bank and Trust Co. As of Aug.

Sections:  news   u.s.   business   
Topics:  bank failures   banks   fdic   irwin financial corp   regulators   
RELATED ARTICLES
BING NEWS:
  • 15 most recent bank failures
    Since 2017, 15 banks have failed, with five banks failing in 2023 alone. Republic First Bank's demise on April 26 was the first failure of 2024. Its collapse renewed fears that last year's financial ...
    05/1/2024 - 11:31 am | View Link
  • When Banks Fail, Why Do We Keep Bailing Out Uninsured Depositors?
    There are times when whole-bank takeovers are the cheapest solutions for the Deposit Insurance Fund — say, if the failed bank has so much name recognition, customer loyalty and so on that the ...
    05/1/2024 - 4:55 am | View Link
  • Why hundreds of U.S. banks may be at risk of failure
    "Most of these banks aren't insolvent or even close to insolvent. They're just stressed," Brian Graham, co-founder and partner at Klaros Group, told CNBC. "That means there'll be fewer bank failures.
    04/30/2024 - 1:00 pm | View Link
  • Regulators seize, sell regional Republic First Bank
    Philadelphia-based Republic First Bank had $1.7 billion commercial real estate and construction loans on the books.
    04/30/2024 - 3:58 am | View Link
  • Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
    Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York.
    04/26/2024 - 5:29 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News