Latest Posts:
flame11-24-2024 Three Word Post.....The Next Generation.... (Rep.#19,435) from: BigDogflameflame11-24-2024 The Totally Useless Thread IV (Rep.#165) from: BigDogflameflame11-24-2024 Brrrr (Rep.#14,944) from: BigDogflameflame11-23-2024 Gas price in your area (Rep.#7,276) from: stingrayflameflame11-23-2024 Not boat related (Rep.#42) from: stingrayflame
Home » HD Forums » Forums » Open Topic Forum » Another Bank
No members are browsing this topic
Forum Led by: BigDog, RiverLiver
 

[ Track this topic :: Email this topic :: Print this topic ]
add a reply to this topic create a new topic create a new poll
WATERDOGMale Offline
Gemini
 HDF Silver Supporter
Don't Bother Me, I'm in Havi
10,000 post flame100 post flame100 post flame
MENIFEE, CA
Posts: 10,292
APPD 1.60
Post Rank: 8
ELIMINATOR EAGLE
Post Icon Posted: July 26 2008,11:13 am Post # 1 see this member send this member a private message  quote this post in reply
FDIC closes Arizona bank


STAFF AND WIRE REPORTS
Saturday, July 26, 2008 12:04 AM MST


The 1st National Bank of Arizona was closed Friday by federal regulators.

The branch at 2167 McCulloch Blvd. will be busy today as personnel from the Federal Deposit Insurance Corporation and local bank employees work the weekend so the branch can reopen Monday, said David Barr, a FDIC spokesman.

1st National Bank of Arizona was part of the closure ordered for 1st National Bank of Nevada. The Arizona bank merged with the First National Bank of Nevada June 30.

Regulators closed the 28 branches of First National Bank of Nevada and First Heritage Bank, operating in Nevada, Arizona and California. There are 15 branches in Arizona.

The banks, owned by Scottsdale-based First National Bank Holding Co., were scheduled to reopen on Monday as Mutual of Omaha Bank branches, the Federal Deposit Insurance Corp. said.

The FDIC said the takeover of the failed banks was the least costly resolution and all depositors — including those with funds in excess of FDIC insurance limits — will switch to Mutual of Omaha with “the full amount of their deposits.”

The FDIC also said accountholders can access their funds during the weekend by writing checks or using ATM or debit cards.As of June 30, the closed banks had total assets of $3.6 billion. That’s down from $4.1 billion six months earlier. Most of the assets are in 1st National while First Heritage accounts for $254 million.

"Damn you sure know how to fock things up."-GFR
Back to top
| Member # 2868 | Joined: 4-23-2007 |
GoFastRacerMale Offline
 HDF Supporter
V-Driver For Life!
50,000 post flame10,000 post flame1,000 post flame1,000 post flame500 post flame100 post flame100 post flame
Big River, Ca
Posts: 62,729
APPD 7.90
Post Rank: 1
Spectra20
Post Icon Posted: July 27 2008,6:22 am Post # 2 see this member send this member a private message  quote this post in reply
Times are tough for small banks, it won't be the last!..
Back to top
website  | Member # 101 | Joined: 3-03-2003 |
Carrera EliteMale Offline
Libra
 HDF Supporter

10,000 post flame10,000 post flame10,000 post flame10,000 post flame1,000 post flame1,000 post flame1,000 post flame1,000 post flame100 post flame
Glendale,AZ
Posts: 44,127
APPD 5.50
Post Rank: 2
1990 Carrera 23.5 Classic
Post Icon Posted: July 27 2008,10:13 am Post # 3 see this member send this member a private message  quote this post in reply
1st National Used To Have A Pretty Large Banking System.......Guess They  Couldn't Compete With The Bigger Banks.....

Sarcasim, Just one more thing that I offer for free!!
I've Reached The Age Where Happy Hour Is A Nap!!

WWW.StormPokerRuns.Com
Back to top
| Member # 8 | Joined: 12-04-2002 |
2 replies since July 26 2008,11:13 am < Next Oldest | Next Newest >
 

[ Track this topic :: Email this topic :: Print this topic ]
add a reply to this topic create a new topic create a new poll

Home » HD Forums » Forums » Open Topic Forum » Another Bank

navbarlogo
The Colorado River WebRing
‹ Prev | Hub | Like | Join | Surprise | Next ›

Please help keep HDF free. If you enjoy this site, feel free to make a donation to keep it running. THANKS!