federal deposit insurance corporation


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Bank failures continue, squeezing consumers

Two more U.S. banks failed last Friday, bringing the tally to 279 collapsed institutions since Sept. 25, 2008, when Washington Mutual went under in the largest bank failure ever recorded. During that time period,...

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Cherry Hill bank shuttered by FDIC

A Cherry Hill, N.J. bank was closed by the Federal Deposit Insurance Corporation Friday, the same day that a Pennsylvania-based bank purchased the failed institution and assumed its roughly $79.6 million in assets. Commercial...

Park Avenue Bank shut down, marks second NYC bank collapse in two days

Donald Glascoff’s (left) Park Avenue Bank has been shut down with its deposits sold to Valley National Bank, headed...

Boymelgreen’s LibertyPointe Bank shut down

Developer Shaya Boymelgreen The New York State Department of Banking shut down developer Shaya Boymelgreen’s struggling LibertPointe Bank, and...

NY lender sues Park Avenue Bank to block additional real estate loan forgiveness

A Manhattan-based real estate fund has filed a breach of Contract Suit Against The Troubled Park Avenue Bank and...

NY-area bank sued for allegedly hiding risky real estate loan information

Smithtown Bancorp, one of the largest independent banks in the New York area with $2.7 billion in assets, is...

More bank failures expected in 2010

When you travel to Las Vegas you can make a bet on nearly every sporting event. Perhaps in 2010, the odds makers in Sin City will allow people to wager on the number of...

“Extend and pretend,” the new rule for commercial real estate loans

As the fall of 2009 comes to a close, many of the commercial real estate lenders continue to limit...

Boymelgreen’s bank at risk of seizure, could mark first NY bank failure since crisis began

The LibertyPointe Bank, whose chairman is troubled developer Shaya Boymelgreen, is in danger of being seized by regulators after failing to raise the $25...

New York passes foreclosure protection bill

Governor David Paterson and the New York State Legislature have passed a bill that will provide additional protection to New York state homeowners and renters facing foreclosure. The bill will expand the mandatory 90-day...

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