On July 23, FDIC closed 7 banks to take the tally of failed banks past the 100 mark. Last year this mark was crossed in October. The pace of bank closures this year is well ahead of that of 2009, which saw a total of 140 banks shuttered amid the recession and mounting loan defaults.
Pace of bank failures in 2008, 2009 and 2010
Regulators shut down banks in Georgia, Florida, South Carolina, Kansas, Nevada, Minnesota and Oregon. The seven bank seizures announced Friday bring to 103 the failures so far in 2010. The banks seized on Friday were Sterling Bank of Lantana, Florida; Crescent Bank and Trust Company of Jasper, Georgia; Williamsburg First National Bank of Kingstree, South Carolina; Thunder Bank of Sylvan Grove, Kansas; Community Security Bank of New Prague, Minnesota; SouthwestUSA Bank of Las Vegas, Nevada and Home Valley Bank of Cave Junction, Oregon, according to the Federal Deposit Insurance Corp.
The largest of the seven banks was Crescent Bank and Trust with 11 branches and about $1.01 billion in total assets and $965.7 million in total deposits. The smallest was Thunder Bank with just two branches and $32.6 million in total assets and $28.5 million in deposits.
Monthly Failed Banks Count
The FDIC estimated the seven failures would add about $431 million to the tab for its deposit insurance fund.
Year-Month |
Bank Failures |
Total Assets ($billion) |
FDIC Cost ($billion) |
| 2010 – July | 17 | 4.720 | 1.486 |
| 2010 – June | 8 | 4.857 | 0.838 |
| 2010 – May | 14 | 6.249 | 0.838 |
| 2010 – April | 23 | 38.939 | 9.422 |
| 2010 – March | 19 | 6.967 | 2.115 |
FDIC Cost of Failed Banks
Florida is leading the number of bank failures this year with 18 failed banks, follwed by Illinois with 12 failures and Georgia with 10 failures.
Failed Banks Map
Tags: 2010 Failed Banks, bank failures, Failed Bank 103, Failed Banks, Failed Banks 2010
Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.
Unemployment Rate : June 2010
Both the number of unemployed persons, at 14.6 million, and the unemployment rate, at 9.5 percent, edged down in June.
Among the major worker groups, the unemployment rate for adult women (7.8 percent) declined, while the rates for adult men (9.9 percent), teenagers (25.7 percent), whites (8.6 percent), blacks (15.4 percent), and Hispanics (12.4 percent) showed little or no change. The jobless rate for Asians was 7.7 percent, not seasonally adjusted.
In June, the number of long-term unemployed (those jobless for 27 weeks and over) was unchanged at 6.8 million. These individuals made up 45.5 percent of unemployed persons.
The civilian labor force participation rate fell by 0.3 percentage point in June to 64.7 percent. The employment-population ratio, at 58.5 percent, edged down over the month.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers), at 8.6 million, was little changed over the month but was down by 525,000 over the past 2 months. These individuals were working part time because their hours had been cut back or because they were unable to find a fulltime job.
In June, about 2.6 million persons were marginally attached to the labor force, an increase of 415,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Establishment Survey Data
Total nonfarm payroll employment decreased by 125,000 in June, reflecting the departure of 225,000 temporary Census 2010 workers from federal government payrolls. Total private employment edged up over the month (+83,000) due to modest increases in several industries. So far this year, private-sector employment has increased by 593,000 but in June was 7.9 million below its December 2007 level.
Within leisure and hospitality, employment rose over the month by 28,000 in amusements, gambling, and recreation.
Within professional and business services, employment continued to increase in temporary help services (+21,000). Employment in temporary help has risen by 379,000 since a recent low in September 2009. Elsewhere in professional and business services, management
and technical consulting (+11,000) and business support services (+7,000) also added jobs over the month.
In June, transportation and warehousing added 15,000 jobs. Since a recent low in February, this industry has added 44,000 jobs.
Health care employment edged up in June (+9,000). Over the past 12 months, the industry has gained 217,000 jobs.
Mining employment continued to trend up in June (+6,000); the industry has gained 56,000 jobs since October 2009. Within mining, support activities added 7,000 jobs in June.
Manufacturing employment continued to trend up over the month (+9,000). The industry has added 136,000 jobs since December 2009.
Construction employment decreased by 22,000 in June, with the largest decline in nonresidential specialty trade contracting. On net, construction employment has shown little change over the last 4 months.
Employment in other private-sector industries, including wholesale trade, retail trade, information, and financial activities showed little change in June.
Government employment fell by 208,000 in June, driven by the loss of 225,000 temporary workers hired for Census 2010. Employment in both state and local governments was little changed over the month.
In June, the average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.1 hours. The manufacturing workweek for all employees decreased by 0.5 hour to 40.0 hours; this followed an increase of 0.4 hour in May. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.4 hours in June.
Average hourly earnings of all employees in the private nonfarm sector decreased by 2 cents, or 0.1 percent, to $22.53 in June. Over the past 12 months, average hourly earnings have increased by 1.7 percent. In June, average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $19.00.
The change in total nonfarm payroll employment for April was revised from +290,000 to +313,000, and the change for May was revised from +431,000 to +433,000.
See graphs for unemployment rate and U6 unemployment rate at : www.PortalSeven.com/employment/
Source : Bureau of Labor Statistics
Tags: BLS unemployment, Bureau of Labor Statistics, Jube Unemployment, Unemployment rate, Unemployment rate at 9.5, Unemployment Rate June 2010, Unemployment Rate U6, US Unemployment Rate, US Unemployment Rate 06/2010
High Desert State Bank, Albuquerque, New Mexico, was closed today by the New Mexico Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First American Bank, Artesia, New Mexico, to assume all of the deposits of High Desert State Bank.
The two branches of High Desert State Bank will reopen on Monday as branches of First American Bank.
As of March 31, 2010, High Desert State Bank had approximately $80.3 million in total assets and $81.0 million in total deposits. First American Bank did not pay the FDIC a premium for the deposits of High Desert State Bank. In addition to assuming all of the deposits of the failed bank, First American Bank agreed to purchase essentially all of the assets.
The FDIC and First American Bank entered into a loss-share transaction on $67.6 million of High Desert State Bank’s assets. First American Bank will share in the losses on the asset pools covered under the loss-share agreement.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.9 million.
High Desert State Bank is the 86th FDIC-insured institution to fail in the nation this year, and the second in New Mexico. The last FDIC-insured institution closed in the state was Charter Bank, Santa Fe, on January 22, 2010.
Check all the banks failed in New Mexico at : New Mexico Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 86 th Bank Failure, bank failures, Failed Bank 86, Failed Banks, Failed Banks 2010, Failed Banks in New Mexico, Failed Banks June, Failed Banks June 25, FDIC, First American Bank, Friday Bank Failures, Friday Failures, High Desert State Bank, New Mexico Bank Failures
First National Bank, Savannah, Georgia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Savannah Bank, National Association, Savannah, Georgia, to assume all of the deposits of First National Bank.
The four branches of First National Bank will reopen on Monday as branches of The Savannah Bank, N.A.
As of March 31, 2010, First National Bank had approximately $252.5 million in total assets and $231.9 million in total deposits. The Savannah Bank, N.A. will pay the FDIC a premium of 0.11 percent to assume all of the deposits of First National Bank. In addition to assuming all of the deposits of the failed bank, The Savannah Bank, N.A. agreed to purchase some of the assets. The FDIC as receiver will retain most of the assets from First National Bank for later disposition.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $68.9 million.
First National Bank is the 85th FDIC-insured institution to fail in the nation this year, and the ninth in Georgia. The last FDIC-insured institution closed in the state was Satilla Community Bank, Saint Marys, on May 14, 2010.
Check all the banks failed in Georgia at : Georgia Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 85 th Bank Failure, bank failures, Failed Bank 85, Failed Banks, Failed Banks 2010, Failed Banks in Georgia, Failed Banks June, Failed Banks June 25, FDIC, First National Bank, Friday Bank Failures, Friday Failures, Georgia Bank Failures, Savannah Bank
Peninsula Bank, Englewood, Florida, was closed today by the Florida Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Premier American Bank, Miami, Florida, to assume all of the deposits of Peninsula Bank.
The 13 branches of Peninsula Bank will reopen during normal business hours on Saturday as branches of Premier American Bank.
As of March 31, 2010, Peninsula Bank had approximately $644.3 million in total assets and $580.1 million in total deposits. Premier American Bank did not pay the FDIC a premium for the deposits of Peninsula Bank. In addition to assuming all of the deposits of the failed bank, Premier American Bank agreed to purchase essentially all of the assets.
The FDIC and Premier American Bank entered into a loss-share transaction on $437.6 million of Peninsula Bank’s assets.
As part of this transaction, the FDIC will acquire a value appreciation instrument. This instrument serves as additional consideration for the transaction.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $194.8 million.
Peninsula Bank is the 84th FDIC-insured institution to fail in the nation this year, and the fourteenth in Florida. The last FDIC-insured institution closed in the state was Bank of Florida – Southwest, Naples, on May 28, 2010.
Check all the banks failed in Florida at : Florida Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 84th Bank Failure, bank failures, Failed Bank 84, Failed Banks, Failed Banks 2010, Failed Banks in Florida, Failed Banks June, Failed Banks June 25, FDIC, Florida Bank Failures, Friday Bank Failures, Friday Failures, Premier American Bank, Whidbey Peninsula Bank
Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, professional and business services, health care, and leisure and hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.
(Click on the image to see more graphs and data)
Unemployment Rate : April 2010
In April, the number of unemployed persons was 15.3 million, and the unemployment rate edged up to 9.9 percent. The rate had been 9.7 percent for the first 3 months of this year.
The number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up over the month, reaching 6.7 million. In April, 45.9 percent of unemployed persons had been jobless for 27 weeks or more.
Among the unemployed, the number of reentrants to the labor force rose by 195,000 over the month.
In April, the civilian labor force participation rate increased by 0.3 percentage point to 65.2 percent, as the size of the labor force rose by 805,000. Since December, the participation rate has increased by 0.6 percentage point. The employment-population ratio rose to 58.8 percent over the month and has increased by 0.6 percentage point since December.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was about unchanged at 9.2 million in April. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
About 2.4 million persons were marginally attached to the labor force in April, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Among the marginally attached, there were 1.2 million discouraged workers in April, up by 457,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.2 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.
In April, nonfarm payroll employment rose by 290,000. Sizable employment gains occurred in manufacturing, professional and business services, health care, and in leisure and hospitality. Federal government employment increased due to the hiring of temporary workers for Census 2010. Since December, nonfarm payroll employment has expanded by 573,000, with 483,000 jobs added in the private sector. The vast majority of job growth occurred during the last 2 months.
Manufacturing added 44,000 jobs in April. Since December, factory employment has risen by 101,000. Over the month, gains occurred in several durable goods industries, including fabricated metals (9,000) and machinery (7,000). Employment also grew in nondurable goods manufacturing (14,000).
Mining added 7,000 jobs in April, with most of the increase in support activities for mining. Since last October, mining has added 39,000 jobs.
In April, construction employment edged up (14,000), following an increase of 26,000 in March. Over the month, nonresidential building and heavy construction added 9,000 jobs each.
Employment in professional and business services rose by 80,000 in April. Temporary help services continued to add jobs (26,000); employment in this industry has increased by 330,000 since September 2009. Employment also rose over the month in services to buildings and dwellings (23,000) and in computer systems design (7,000).
In April, health care employment grew by 20,000, including a gain of 6,000 in hospitals. Over the past year, health care employment has increased by 244,000.
Employment rose by 45,000 in leisure and hospitality over the month. Much of this increase occurred in accommodation and food services, which added 29,000 jobs. Food services employment has risen by 84,000 over the past 4 months, while accommodation has added 18,000 jobs over the past 3 months.
Federal government employment was up in April, reflecting the hiring of 66,000 temporary workers for the decennial census.
Over the month, employment changed little in wholesale trade, retail trade, information, and financial activities.
Employment in transportation and warehousing fell by 20,000 in April, reflecting a large decline in courier and messenger services.
In April, the average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.1 hours. The manufacturing workweek for all employees increased by 0.2 hour for the second straight month to 40.1 hours, and factory overtime was up by 0.1 hour over the month. The average workweek for production and nonsupervisory employees on private nonfarm payrolls increased by 0.1 hour to 33.4 hours in April.
Average hourly earnings of all employees in the private nonfarm sector increased by 1 cent to $22.47 in April. Over the past 12 months, average hourly earnings have increased by 1.6 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees increased by 5 cents to $18.96.
The change in total nonfarm payroll employment for February was revised from -14,000 to +39,000, and the change for March was revised from 162,000 to 230,000.
U6 Unemployment Rate: April 2010
Source : U.S. Bureau of Labor Statistics
Tags: Bureau of Labor Statistics, Unemployment rate, Unemployment Rate April 2010, Unemployment rate at 9.9, Unemployment Rate U6, US Unemployment Rate, US Unemployment Rate 04/2010
There was one jackpot-winning ticket in the May 4 Mega Millions drawing.
That ticket, which was purchased in Pico Rivera, California wins the estimated $266 million jackpot. The cash option amount for this ticket is worth approximately $165 million.
The winner of the Mega Millions $266 million jackpot wishes to keep his identity secret, reports NBC Los Angeles. The winner works for an NBC affiliate and has stated that he is not ready to come forward. His wife wanted KFC. But a Southern California man insisted on barbeque.
Update :
KNBC (the NBC affiliate) worker Jacki Wells Cisneros holds the winning jackpot ticket.
Read more at :
- $266 million lottery winner is keeping her job
- Jacki Wells Cisneros, TV News Employee, Has Winning $266 Million Mega Millions Ticket
- Despite Winning $266M, Woman Vows to Keep Working
The winning numbers were 9, 21, 31, 36, 43. The Mega ball was 8.
(Nine, Twenty One,Thirty One,Thirty Six,Forty Three and Mega Ball Eight)
Mega Millions - 4 May 2010 - $266 Million Draw Results
There were 28 winners for the 2nd prize of $250,000.
Of those, seven were sold in California, three each were sold in New Jersey and Virginia, and two each were sold in Michigan, Missouri, New York and Ohio. One ticket each was sold in Arizona, Georgia, Illinois, Iowa, Minnesota, Pennsylvania and Texas.
The Jackpot winning ticket was sold at L $ L Hawaiian BBQ , 8760 Washington Blvd, Pico Rivera, California 90660. The retailer who sold the jackpot ticket, the owner of L & L Hawaiian BBQ, will receive the maximum retailer bonus of $1 million. Jackpot winners have 365 days from the date of the draw to claim the jackpot prize.
Store That Sold $266 Millions Jackpot Ticket
(Click on the map image to check jackpot winners map )
The last jackpot winner from California was John Dalkos who won $134 Millions jackpot on March 5, 2010. Counting last night’s winning ticket, there have been 13 MEGA Millions jackpots won in California, including the historic $315 million jackpot won on November 15, 2005, which was the largest California jackpot ever.
Get more information on Mega Millions jackpot winners, retailers, numbers and locations at : Mega Millions History.
The $266 million jackpot was the eighth-largest in the history of the game, which began in 2002 and is played in 38 states and the District of Columbia. The last ticket to match all six numbers was sold in Illinois for the March 12 drawing. It was worth $20 million. The next jackpot for Mega Millions is $12 Millions on Tuesday, May 7, 2010.
Tags: $266 million, $266 million jackpot, 266 million winner, 9-21-31-36-43/8, California Lottery, California Lotto Winner, California Mega Millions Lotto, California Mega Millions Winner, Jacki Cisneros, Jacki Wells Cisneros, Jackie and Gilbert Cisneros, Jackpot Winner, L & L Hawaiian BBQ, Mega Millions, Mega Millions $266 millions, Mega Millions 4 May, Mega Millions Winner, Past Mega Millions Winner, Pico Rivera, Pico Rivera Jackpot, Pico RiveraJackpot Winner, Recent Mega Millions Winner, Who won jackpot Pico Rivera California
FDIC closed 7 banks from Illinois on April 23, 2010 putting the number of U.S. bank failures this year at 57.It was all abount Illinois on this Friday. Of the these 7 banks, 5 were from Chicago only.
There were 140 bank failures in the U.S. last year, the highest annual tally since 1992 at the height of the savings and loan crisis. They cost the insurance fund more than $30 billion. Twenty-five banks failed in 2008 and only three succumbed in 2007.Here is the list and graph of bank failures :
http://portalseven.com/banks/Failed_Banks_List_2010.jsp
Failed Banks Chart (as of 23 April 2010)
About todays bank failures :
Total Assets of failed banks = 6.33 billion
Total Deposits of failed banks = 5.80 billion
Total number of branches of failed banks = 73
Total cost to DIF = 973.9 million
Here’s the run down of these failures:
# 51
* Failed bank: Amcore Bank, National Association, Rockford IL
* Regulator: OCC
* Acquiring bank: Harris National Association, Chicago IL
* Transaction: loss share covering $2.0 billion of assets
* Assets : $3.8 billion
* Deposits : of $3.4 billion
* Estimated DIF damage: $220.3 million
# 52
* Failed bank: Broadway Bank, Chicago IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: MB Financial Bank, National Association, Chicago IL
* Transaction: loss share on $878.4 million
* Assets : $1.2 billion
* Deposits : of $1.1 billion
* Estimated DIF damage: $394.3 million
# 53
* Failed bank: Citizens Bank&Trust Company of Chicago, Chicago IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: Republic Bank of Chicago, Oak Brook IL
* Transaction: Republic pays small premium for deposits, FDIC retains assets
* Assets : $77.3 million
* Deposits : of $74.5 million
* Estimated DIF damage: $20.9 million
# 54
* Failed bank: New Century Bank, Chicago IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: MB Financial Bank, National Association, Chicago IL
* Transaction: loss share on $429.1 million of assets
* Assets : $485.6 million
* Deposits : of $492.0 million
* Estimated DIF damage: $125.3 million
# 55
* Failed bank: Lincoln Park Savings Bank, Chicago IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: Northbrook Bank and Trust Company, Northbrook IL
* Transaction: loss share on $141.5 million of assets
* Assets : $199.9 million
* Deposits : of $171.5 million
* Estimated DIF damage: $48.4 million
# 56
* Failed bank: Peotone Bank and Trust Company, Peotone IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: First Midwest Bank, Itasca IL
* Transaction: loss share of $57.5 million of assets
* Assets : $130.2 million
* Deposits : of $120.0 million
* Estimated DIF damage: $31.7 million
# 57
* Failed bank: Wheatland Bank, Naperville IL
* Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
* Acquiring bank: Wheaton Bank & Trust, Wheaton IL
* Transaction: loss share on $300.2 million
* Assets : $437.2 million
* Deposits : of $438.5 million
* Estimated DIF damage: $133.0 million
Check more statistics on bank failures at:
http://portalseven.com/banks/
Check official press releases from FDIC at : http://www.fdic.gov/
Tags: 2010 Failed Banks, Amcore Bank, Broadway Bank, Citizens Bank and Trust Company of Chicago, Failed Banks, Failed Banks April 23, Failed Banks in Illinois, FDIC, First Midwest Bank, Friday Bank Failures, Friday Failures, Harris National Association, Illinois Bank Failures, Lincoln Park Savings Bank, MB Financial Bank, New Century Bank, Northbrook Bank and Trust Company, Peotone Bank and Trust Company, Republic Bank of Chicago, Wheatland BankBank, Wheaton Bank & Trust
One lucky ticket in Missouri matched all 6 numbers in the Wednesday, April 21st drawing and won the $258.5 million jackpot. The holder(s) of the winning ticket will now have to decide to either take the 29-year, 30-installment annuity, or the one time cash “lump sum” amount of $124,875,122. That ticket was sold at Break Time, 1000 W. College in Marshall.
The numbers drawn were 11, 34, 41, 49, 55 and the Powerball was 20. The Power Play multiplier was 2.
(Eleven, Thirty-Four, Forty-One, Forty-Nine, Fifty-Five; Powerball Twenty) ; Powerplay tWO)
Powerball Draw Results - 21 April 2010
This was the largest jackpot prize ever won in Missouri and the 10th largest Powerball jackpot awarded nationwide.
This was the SIXTH powerball jackpot winning ticket sold in Missouri since 2003.
Previous powerball jackpot won in Missouri was on January 24, 2007 by Wilson Family with the prize amount of $254 million.
Before that on April 12, 2006 – Missouri Lucky 13 won the $224.2 million powerball jackpot.
The Missouri winner has 180 days to claim this prize, which would be Oct. 18. The winner can select to get the jackpot prize in 30 payments over 29 years (annuity) or in one lump-sum payment worth $124,875,122 before taxes. If no choice is made in 60 days, the jackpot is automatically paid in 30 payments.
Powerball Prizes - 21 April 2010
Other big winners included one ticket in Virginia (1) that matched all 5 white ball numbers and had the Power Play option for a $1 million prize. Thirteen tickets sold in Idaho (1), Indiana (1), Louisiana (2), Maryland (2), Michigan (1), North Dakota (1), New Mexico (1), New York (1), Ohio (1), Pennsylvania (1), and Wisconsin (1) matched all 5 white ball numbers for a $200,000 cash win each. There were a total of 1,923,341 additional winning tickets in America’s Game Wednesday evening. Those winners won prizes totaling $13,702,193.
The complete address of the lucky retailer is :
Break Time,
1000 W College St
Marshall, MO 65340
Break Time will receive a bonus check for $50,000 for selling the winning ticket.
Click on the map to check all the state-wise powerball jackpot winners since 2003.
State-wise Powerball Jackpot Winners Since 2003
Get more information on the jackpot winners, locations and retailers where the the lucky tickets was sold at www.PortalSeven.com/lottery/
The jackpot for Saturday, April 24th will be $20 million.
Update :
A 29-year-old Missouri convenience store clerk has stepped forward as the winner the $258.5 million Powerball jackpot.
Chris Shaw was introduced at Missouri Lottery headquarters Thursday as the winner of the Powerball jackpot in Wednesday night’s drawing.
Christopher “Chris” Shaw, 29, said he hardly ever buys Lottery tickets, but he decided to buy a couple after he completed his shift at Break Time, 1000 W. College St. in Marshall, around 7 p.m. April 21.
“I thought somebody is going to win; there are too many people buying tickets,” said Shaw, who has been a cashier at the Break Time for the past month. He previously worked as a semi-truck driver, but decided to take a pay cut to “come home and be with family.”
After work, Shaw purchased a soda, cigarettes and $5 worth of Powerball plays using Quick Pick. The very last combination on his ticket – 11, 34, 41, 49, 55 and Powerball 20 – was the winner.
Lottery officials say Shaw will have to choose between a one-time cash lump sum of nearly $125 million, or a 29-year, 30-installment annuity.
Break Time will receive $50,000 for selling the winning ticket. If Shaw chooses to take the lump sum amount, the state will receive $6 million in state income taxes.
Shaw holds the 26th Powerball jackpot ticket sold in Missouri, and he is the 297th Missouri Lottery-made millionaire overall. To date, the Missouri Lottery has awarded the second-most Powerball jackpots, totaling more than $1.5 billion, of all 44 Powerball members.
Read more at : Marshall Man Claims Missouri’s Largest Jackpot: $258.5 Million
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City Bank, Lynnwood, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington, to assume all of the deposits of City Bank.
The eight branches of City Bank will reopen during normal business hours beginning Saturday as branches of Whidbey Island Bank.
As of December 31, 2009, City Bank had approximately $1.13 billion in total assets and $1.02 billion in total deposits. Whidbey Island Bank paid the FDIC a premium of 1.0 percent to assume all of the deposits of City Bank. In addition to assuming all of the deposits, Whidbey Island Bank agreed to purchase approximately $704.1 million of the failed bank’s assets.
The FDIC and Whidbey Island Bank entered into a loss-share transaction on $455.6 million of City Bank’s assets.
As part of this transaction, the FDIC will acquire a value appreciation instrument. This instrument serves as additional consideration for the transaction.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $323.4 million.
City Bank is the 50th FDIC-insured institution to fail in the nation this year, and the fifth in Washington. The last FDIC-insured institution closed in the state was Rainier Pacific Bank, Tacoma, February 26, 2010.
Check all the banks failed in Washington at : Washington Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 50th Bank Failure, bank failures, City Bank, Failed Bank 50, Failed Banks, Failed Banks 2010, Failed Banks April, Failed Banks April 16, Failed Banks in Washington, FDIC, Friday Bank Failures, Friday Failures, Washington Bank Failures, Whidbey Island Bank
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