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Bank Failures Pass 100 For The Year

Mon, 26 Oct 2009 13:20:17 GMT

Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in '09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally has surpassed 100 this year. This takes the total number to 106, compared to 25 in 2008 and 3 in 2007.[More...]

94 Bank Failures So Far In `09

Tue, 22 Sep 2009 13:20:58 GMT

Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin Financial Corporation. This takes the total number of failed federally insured banks this year to 94, compared to 25 in 2008 and 3 in 2007.[More...]

JPMorgan Chase (NYSE: JPM) Likely To Raise Dividend In 2010

Wed, 16 Sep 2009 14:25:00 GMT

JPMorgan Chase & Co. (NYSE:JPM) is one of the few banking companies that have paid dividends despite facing the subprime carnage.[More...]

5 More Banks Fail - 89 In '09 To Date

Tue, 08 Sep 2009 14:01:14 GMT

Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007.[More...]

Bank Failures Continue

Mon, 31 Aug 2009 14:09:00 GMT

Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits.[More...]

Housing Bouncing Along Bottom

Tue, 18 Aug 2009 16:36:22 GMT

We are seeing more signs that the housing industry is bouncing along a bottom. Housing starts declined 1% to an annualized pace of 581,000 last month. Building permits fell 1.8% to an annualized pace of 560,000. Conversely, Home Depot (HD) raised its full-year earnings guidance. The numbers follow a survey showing increased optimism on the part of builders. The National Association of Home Builders/Wells Fargo Housing Market Index reached 18 last month, its highest level since June 2008. Behind the numbers are some cross-currents that often occur as a sector tries to find its legs. Though housing starts fell, the drop reflected fewer multi-home units being built. Single-family starts were actually up slightly last month. On the other hand,[More...]

Nevada State Bank Helps Out

Mon, 17 Aug 2009 18:20:40 GMT

Nevada State Bank, a subsidiary of Salt Lake City-based Zions Bancorp (ZION), has extended a helping hand to Federal Deposit Insurance Corporation (FDIC) by agreeing to act as a Payout agent for Community Bank of Nevada. ? The bank was seized by Nevada Financial Institutions Division on Friday and the FDIC was appointed as beneficiary. The failure of the bank is expected to cost the FDIC an estimated $781.5 million. ? The Community Bank of Nevada had total assets of $1.52 billion and total deposits of $1.38 billion at the end of June 2009. The FDIC was unable to immediately find a purchaser for the bank and instead created a new institution known as the Deposit Insurance National Bank of Las Vegas. ? The Nevada State Bank will provide operational management of the new bank in providing banking[More...]

Bank Shutdowns Continue

Mon, 10 Aug 2009 18:06:41 GMT

Three more banks were shuttered by U.S. regulators on Friday. This brings the total number of failed federally insured banks during this year to 72, compared to 25 in 2008 and 3 in 2007. ? In the first quarter of 2009, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions jumped to 305. This is the maximum number since the savings and loan crisis in 1994. ? Out of the 3 banks, 2 were Florida based and the other one was Oregon based. The FDIC has appointed receivers of the banks. According to the FDIC, the cost to the deposit insurance fund from the failure of the three banks will be around $185 million.? ? The First State Bank, of Sarasota, Fla. and the Community National Bank of Sarasota County of Venice, Fla. were sold to Stearns Bank of St. Cloud, Minnesota. The Community First Bank of Prineville, Oregon was sold to Home Federal Bancorp of[More...]

U.S. Banks - Industry Outlook

Tue, 14 Jul 2009 13:25:21 GMT

We think that the worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods -- there are still many significant challenges ahead. The banks are now able to tap the debt markets without the FDIC’s support, and also access the equity markets as the investor confidence returns in the stronger banks. Many banks have already repaid the TARP funds to the Treasury. ? While the bigger banks benefited greatly from the various programs launched by the Federal Reserve, the Treasury and the FDIC and are now in much better shape, many smaller banks are still in a very weak financial state and the FDIC’s list of problem banks continues to grow. Further, government efforts have not succeeded in restoring the lending activity at the banks.?Lower lending activity will continue to hurt margins, though the low interest rate environment should be beneficial to the banks with a liability-sensitive balance sheet.[More...]

U.S. Banks Overview

Mon, 15 Jun 2009 14:48:00 GMT

The worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods, as there are still many significant challenges ahead. Ten of the nation's largest banks have received the Treasury approval for TARP repayment, as they are now able to tap the debt markets without FDIC's support and also access the equity markets as the investor confidence returns in the stronger banks. While the bigger banks have benefited a lot from the various programs launched by the Federal Reserve, the Treasury and the FDIC, and are now in a much better shape, many smaller banks are still in a very weak financial state, and the FDIC's list of problem banks continues to grow. Further, government efforts have not succeeded in restoring the lending activity at the banks. Lower lending activity will continue to hurt the margins, though the low interest rate environment should be beneficial to the banks with a liability sensitive balance[More...]

Bank earnings depict industry of haves, have nots

Wed, 21 Oct 2009 22:49:00 GMT

NEW YORK - The earnings reports from Wells Fargo & Co., Morgan Stanley and a handful of regional banks show there's a formula for prospering in a weak economy: a strong retail or investment banking operation and plenty of money on hand.
So have the companies that do investment banking.
Wells Fargo and US Bancorp, a regional based in Minneapolis, both said Wednesday the money they made by making loans and managing customer accounts offset higher losses on failed loans and drove their profits higher.

: iStockAnalyst.com Symbols Feed

Bank Failures Pass 100 For The Year

94 Bank Failures So Far In `09

JPMorgan Chase (NYSE: JPM) Likely To Raise Dividend In 2010

5 More Banks Fail - 89 In '09 To Date

Bank Failures Continue

Housing Bouncing Along Bottom

Nevada State Bank Helps Out

Bank Shutdowns Continue

U.S. Banks - Industry Outlook

U.S. Banks Overview

Bank earnings depict industry of haves, have nots

Earnings Down Again at Zions: Bank Holding Company's 4th Straight Loss.

Not Quite Bottom, but Recovery Expected Over Next Year: Job Growth in Utah Should Start Again By the End of 2010, Bank Economist Says.

Investors Find It Pays to Stay Home: Utah Firms Showing Solid Results in First Nine Months.

Zions Taking a Breather on Buying Banks: The Company Says It Needs Time to Digest Four Acquisitions Before Making More.

Analysts Say Zions Bancorp May Need $800M in New Capital: The Estimate is Based on a Worst Case Scenario of Economy Continuing to Tank.

Zions Falls After Saying Income May Not Cover Dividends, Interest

Lender Loses Cash in Quarter: Community Bank of Nevada Revises Data for Past Periods

Future of Vineyard Bank Office in San Rafael Uncertain Following Ownership Change

Caterpillar, Merck, Lexmark are big movers

Zions Bancorporation to Present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference

California Bank & Trust Completes Conversion of Vineyard Bank Branches

Zions Bancorporation Reports 2009 Third Quarter Results Showing Stability of Underlying Earnings Power

Zions Bank Maintains Role As Utah's Top Lender to Small Businesses for 16 Consecutive Years

Zions Bank Maintains Role As Idaho's Top Lender to Small Businesses for Eighth Year

Cambridge Associates Adds Staff, Expertise in Asia

National Bank of Arizona's Investment Affiliate Announces Name Change to NB|AZ Wealth Management

Zions Bancorporation to Report Third Quarter 2009 Earnings Results

BenchmarkJournal.Com Free Analyst Review for UN, PSE, AGO, TS, BHI and ZION

Amegy Bank Promotes Suzette W. Jones, CFP to Executive Vice President and Manager of Investments Division ; Promotion Leverages Her 14 Years at Amegy and 18 Years As Entrepreneur

Form 4 ZIONS BANCORPORATION For: Nov 02 Filed by: HINCKLEY CLARK B (10K)

Form 4 ZIONS BANCORPORATION For: Oct 20 Filed by: HEMINGWAY W DAVID (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: QUINN STEPHEN D (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: WHEELWRIGHT STEVEN (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: SIMMONS L E (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: PORTER ROGER B (10K)

Form 4 HEANEY J DAVID For: Oct 01 (10K)

Form 4 Haun Dallas E For: Aug 04 (10K)

Form 4/A ZIONS BANCORPORATION For: Jul 25 Filed by: BLACKFORD DAVID E (10K)

Form 4 ZIONS BANCORPORATION For: Sep 01 Filed by: HINCKLEY CLARK B (10K)