Tag: office of the comptroller of the currency

More Bank Failures
ecthompsonmd March 12, 2012

Since I last posted on bank failures, weeks ago, there’ve been several more. New City Bank On Friday, March 9, 2012, New City Bank, Chicago, IL was closed by the Illinois Department of Financial and Professional Regulation – Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Global Commerce Bank On Friday, March 2, 2012, Global Commerce Bank, Doraville, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice

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Two More Banks Close
ecthompsonmd February 12, 2012

If I’m not mistaken, these are banks eight and nine for this year. From the FDIC: SCB Bank, Shelbyville, Indiana, 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 First Merchants Bank, National Association, Muncie, Indiana, to assume all of the deposits of SCB Bank. The four branches of SCB Bank will reopen on Saturday as branches of First Merchants Bank, National Association. Depositors of SCB Bank will automatically become depositors of First Merchants

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.

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