Columbia River Bank, The Dalles, Oregon, was closed today by the Oregon Division of Finance and Corporate Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington, to assume all of the deposits of Columbia River Bank.
The 21 branches of Columbia River Bank will reopen during their normal business hours beginning Saturday as branches of Columbia State Bank.
As of September 30, 2009, Columbia River Bank had approximately $1.1 billion in total assets and $1.0 billion in total deposits. Columbia State Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Columbia River Bank. In addition to assuming all of the deposits of the failed bank, Columbia State Bank agreed to purchase essentially all of the assets.
The FDIC and Columbia State Bank entered into a loss-share transaction on $697.4 million of Columbia River Bank’s assets. Columbia State 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 $172.5 million.
Columbia River Bank is the ninth FDIC-insured institution to fail in the nation this year, and the first in Oregon. The last FDIC-insured institution closed in the state was Community First Bank, Prineville, on August 7, 2009.
Check all the banks failed in Oregon at : Oregon Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 9th Bank Failure, bank failures, Columbia River Bank, Columbia State Bank, Failed Bank 9, Failed Banks, Failed Banks 2010, Failed Banks in Oregon, Failed Banks January, Failed Banks January 22, FDIC, Friday Failures, Oregon Bank Failures
Evergreen Bank, Seattle, 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 Umpqua Bank, Roseburg, Oregon, to assume all of the deposits of Evergreen Bank.
The seven branches of Evergreen Bank will reopen on Monday as branches of Umpqua Bank.
As of September 30, 2009, Evergreen Bank had approximately $488.5 million in total assets and $439.4 million in total deposits. Umpqua Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Evergreen Bank. In addition to assuming all of the deposits of the failed bank, Umpqua Bank agreed to purchase essentially all of the assets.
The FDIC and Umpqua Bank entered into a loss-share transaction on $379.5 million of Evergreen Bank’s assets. Umpqua Bank will share in the losses on the asset pools covered under the loss-share agreement. As part of this transaction, the FDIC will acquire a cash participant instrument. This instrument serves as additional consideration for the transaction.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $64.2 million.
Evergreen Bank is the eighth FDIC-insured institution to fail in the nation this year, and the second in Washington. The last FDIC-insured institution closed in the state was Horizon Bank, Bellingham, on January 8, 2010.
Check all the banks failed in Washington at : Washington Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 8th Bank Failure, bank failures, Evergreen Bank, Failed Bank 8, Failed Banks, Failed Banks 2010, Failed Banks in Washington, Failed Banks January, Failed Banks January 22, FDIC, Friday Failures, Umpqua Bank, Washington Bank Failures
Charter Bank, Santa Fe, New Mexico, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas, to assume all of the deposits of Charter Bank.
The eight branches of Charter Bank will reopen on Monday as branches of Charter Bank. Depositors of Charter Bank will automatically become depositors of Charter Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.
As of September 30, 2009, Charter Bank had approximately $1.2 billion in total assets and $851.5 million in total deposits. Charter Bank did not pay the FDIC a premium for the deposits of Charter Bank. In addition to assuming all of the deposits of the failed bank, Charter Bank agreed to purchase essentially all of the assets.
The FDIC and Charter Bank entered into a loss-share transaction on $805.5 million of Charter Bank’s assets.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $201.9 million.
Charter Bank is the seventh FDIC-insured institution to fail in the nation this year, and the first in New Mexico. The last FDIC-insured institution closed in the state was Zia New Mexico Bank, Tucumcari, on April 23, 1999.
Check all the banks failed in New Mexico at : New Mexico Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 7th Bank Failure, bank failures, Beal Financial Corporation, Charter Bank, Failed Bank 7, Failed Banks, Failed Banks 2010, Failed Banks in New Mexico, Failed Banks January, Failed Banks January 22, FDIC, Friday Failures, New Mexico Bank Failures
Bank of Leeton, Leeton, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Sunflower Bank, National Association, Salina, Kansas, to assume all of the deposits of Bank of Leeton.
The sole branch of Bank of Leeton will reopen on Saturday as a branch of Sunflower Bank, N.A. Depositors of Bank of Leeton will automatically become depositors of Sunflower Bank, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Sunflower Bank, N.A. that it has completed systems changes to allow other Sunflower Bank, N.A. branches to process their accounts as well.
As of December 31, 2009, Bank of Leeton had approximately $20.1 million in total assets and $20.4 million in total deposits. Sunflower Bank, N.A. will pay the FDIC a premium of 0.59 percent to assume all of the deposits of Bank of Leeton. The FDIC as receiver will retain most of the assets from Bank of Leeton for later disposition.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $8.1 million.
Bank of Leeton is the sixth FDIC-insured institution to fail in the nation this year, and the first in Missouri. The last FDIC-insured institution closed in the state was Gateway Bank of St. Louis, on November 6, 2009.
Check all the banks failed in Missouri at : Missouri Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 6th Bank Failure, bank failures, Bank of Leeton, Failed Bank 6, Failed Banks, Failed Banks 2010, Failed Banks in Missouri, Failed Banks January, Failed Banks January 22, FDIC, Friday Failures, January 22, Missouri Bank Failures, Sunflower Bank
Premier American Bank, Miami Florida, was closed today by the Florida Office of Financial Regulation, 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, National Association, Miami, Florida, a newly-chartered national institution, to assume all of the deposits of Premier American Bank. Premier American Bank, N.A. is a subsidiary of Bond Street Holdings, LLC, Naples, Florida.
The four branches of Premier American Bank will reopen on Monday as branches of Premier American Bank, N.A. Depositors of Premier American Bank will automatically become depositors of Premier American Bank, N.A.
As of September 30, 2009, Premier American Bank had approximately $350.9 million in total assets and $326.3 million in total deposits. Premier American Bank, N.A. did not pay the FDIC a premium for the deposits of Premier American Bank. In addition to assuming all of the deposits of the failed bank, Premier American Bank, N.A. agreed to purchase essentially all of the assets.
The FDIC and Premier American Bank, N.A. entered into a loss-share transaction on $300 million of Premier American Bank’s assets. Premier American Bank, N.A. will share in the losses on the asset pools covered under the loss-share agreement.
As part of this transaction, the FDIC will acquire a cash participant instrument. This instrument serves as additional consideration for the transaction.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $85 million.
Premier American Bank is the fifth FDIC-insured institution to fail in the nation this year, and the first in Florida. The last FDIC-insured institution closed in the state was Peoples First Community Bank, Panama City, on December 18, 2009.
Check all the banks failed in Florida at : Florida Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 5th Bank Failure, bank failures, Failed Bank 5, Failed Banks, Failed Banks 2010, Failed Banks in Florida, Failed Banks January, Failed Banks January 22, FDIC, Florida Bank Failures, Friday Failures, January 22, Premier American Bank, Premier American Bank National Association
St. Stephen State Bank, St. Stephen, Minnesota, was closed today by the Minnesota Department of Commerce, 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 State Bank of St. Joseph, St. Joseph, Minnesota, to assume all of the deposits of St. Stephen State Bank.
The two branches of St. Stephen State Bank will reopen during normal business hours as branches of First State Bank of St. Joseph.
As of September 30, 2009, St. Stephen State Bank had approximately $24.7 million in total assets and $23.4 million in total deposits. First State Bank of St. Joseph did not pay the FDIC a premium to assume all of the deposits of St. Stephen State Bank. In addition to assuming all of the deposits of the St. Stephen State Bank, First State Bank of St. Joseph agreed to purchase essentially all of the failed bank’s assets.
The FDIC and First State Bank of St. Joseph entered into a loss-share transaction on $20.4 million of St. Stephen State Bank’s assets.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $7.2 million.
St. Stephen State Bank is the third FDIC-insured institution to fail in the nation this year, and the first in Minnesota.
The last FDIC-insured institution closed in the state was Prosperan Bank, Oakdale, on November 6, 2009.
Check all the banks failed in Minnesota at : Minnesota Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 3rd Bank Failure, bank failures, Failed Bank 3, Failed Banks, Failed Banks 2010, Failed Banks in Minnesota, Failed Banks January, Failed Banks January 15, FDIC, First State Bank of St. Joseph, Friday Failures, Minnesota Bank Failures, St. Joseph-Minnesota, St. Stephen State Bank, St. Stephen-Minnesota
Town Community Bank and Trust, Antioch, Illinois, was closed today by the Illinois Department of Financial Professional Regulation, Division of Banking, 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, Elk Grove Village, Illinois, to assume all of the deposits of Town Community Bank and Trust.
The sole branch of Town Community Bank and Trust will reopen on Saturday as a branch of First American Bank.
As of September 30, 2009, Town Community Bank and Trust had approximately $69.6 million in total assets and $67.4 million in total deposits. First American Bank did not pay the FDIC a premium to assume all of the deposits of Town Community Bank and Trust. In addition to assuming all of the deposits, First American Bank agreed to purchase approximately $67.6 million of Town Community Bank and Trust’s assets. The FDIC retained the remaining assets for later disposition.
The FDIC and First American Bank entered into a loss-share transaction on $56.2 million of Town Community Bank and Trust’s assets.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.8 million.
Town Community Bank and Trust is the second FDIC-insured institution to fail in the nation this year, and the first in Illinois.
The last FDIC-insured institution closed in the state was Independent Bankers’ Bank, Springfield, on December 18, 2009.
Check all the banks failed in Illinois at : Illinois Bank Failures
The FDIC press release is available here.
Tags: 2010 Failed Banks, 2nd Bank Failure, Antioch, bank failures, Elk Grove Village - Illinois, Failed Bank 2, Failed Banks, Failed Banks 2010, Failed Banks in Illinois, Failed Banks January, Failed Banks January 15, FDIC, First American Bank, Friday Failures, Illinois Bank Failures, Town Community Bank and Trust
Horizon Bank, Bellingham, Washington, was closed today by the Washington State 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 Washington Federal Savings and Loan Association, Seattle, Washington, to assume all of the deposits of Horizon Bank.
The 18 branches of Horizon Bank will reopen during their normal business hours beginning tomorrow as branches of Washington Federal Savings and Loan Association.
As of September 30, 2009, Horizon Bank had approximately $1.3 billion in total assets and $1.1 billion in total deposits. Washington Federal Savings and Loan Association did not pay the FDIC a premium to assume all the deposits the Horizon Bank. In addition to assuming all of the deposits of the failed bank, Washington Federal Savings and Loan Association agreed to purchase essentially all of the assets of the failed bank.
The FDIC and Washington Federal Savings and Loan Association entered into a loss-share transaction on approximately $1.0 billion of Horizon Bank’s assets.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $539.1 million.
Horizon Bank is the first FDIC-insured institution to fail in the nation this year, and the first in Washington.
The last FDIC-insured institution closed in the state was Venture Bank, Lacey, on September 11, 2009.
Check all the banks failed in Washington at : Washington Bank Failures
The FDIC press release is available here.
Tags: 1st Bank Failures, 2010 Failed Banks, bank failures, Failed Bank 1, Failed Banks, Failed Banks 2010, Failed Banks in Washington, Failed Banks January, Failed Banks January 8, FDIC, Friday Failures, Horizon Bank, Washington Bank Failures, Washington Federal Savings and Loan Association
One lucky ticket in Arkansas matched all 6 numbers in the Saturday, January 2nd drawing and won the $25 million jackpot.The holder or holders 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 $12,153,621.
This was the first jackpot of 2010, on the first draw itself. This was the first Powerball jackpot win in Arkansas after the game started in the state last year.
The numbers drawn were 3, 7, 23, 27, 42 and the Powerball was 37. The Power Play multiplier was 3.
(three, seven, twenty-two,twenty-seven forty-two; Powerball thirty; Powerplay three)
Powerball Draw Results - January 2, 2010
Other big winners included one ticket in Missouri that matched all 5 white ball numbers and had the Power Play option for a $1 million prize. Five tickets sold in Arizona (1), Indiana (1), North Carolina (1), New Mexico (1), and Wisconsin (1) matched all 5 white ball numbers for a $200,000 cash win each. There were a total of 482,869 additional winning tickets in America’s Game Saturday evening. Those winners won prizes totaling $6,104,859.
Powerball Prizes - January 2, 2010
The jackpot winning ticket was sold at Cracker Box convenience store at 547 Highway 365 in Mayflower.
The complete address of the retailer is :
Cracker Box Inc
547 Highway 365
Mayflower, AR 72106
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 Wednesday, January 6th will be $20 million.
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