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Review of Friday's Bank Closures

Sunday, May 9, 2010 - 7:08 AM
Local newspapers often provide insights and history on the banks that failed. Here are some articles from local newspapers on two of the May 7th bank closures:
  • San Diego Union-Tribune: 1st Pacific Bank of S.D. seized by regulators - The article not only reviews the history of 1st Pacific Bank, but it also looks at the remaining banks in the county and how they are battling for market share.
  • Panama City News Herald: FDIC preparing for Bank of Bonifay turnover - "The oldest state-chartered bank in Florida, Bank of Bonifay had nearly $30 million in nonaccrual loans, more than 90 days past due"
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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