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On November 8, 2009, Advanta filed for Chapter 11 bankruptcy. On March 19, 2010, Utah state regulators seized Advanta Bank Corp. The Federal Deposit Insurance Corporation was made the bank's receiver. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $635.6 million.
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2009 $2.0 billion $2.8 billion Vineyard Bank Rancho Cucamonga: California: 2009 $1.9 billion $2.7 billion Peoples First Community Bank Panama City: Florida: 2009 $1.8 billion $2.6 billion County Bank Merced: California: 2009 $1.7 billion $2.4 billion Hillcrest Bank Overland Park: Kansas: 2010 $1.6 billion $2.2 billion Advanta Bank Corp. Draper ...
September 22, 2009: Comunidades Federal Union, Los Angeles, California: closed by NCUA; assets assumed by Water and Power Community Credit Union, Los Angeles, California: credit union [58] September 24, 2009: Keys Federal Credit Union Key West, Florida: placed into conservatorship by NCUA credit union [59] September 25, 2009
Bankrate’s list of all the failed banks in every U.S. state from 2009 to 2024. Skip to main content ... Advanta Bank Corp, Draper, Utah. 3/19/2010. ... 10/30/2009. California National Bank, Los ...
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The parent company of the Philadelphia Inquirer, the Philadelphia Daily News, and the related Philly.com website could emerge from bankruptcy debt-free, if a proposal submitted by the ownership ...
The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [ 2] In contrast, in the five years prior to 2008, only 10 banks failed. [ 2][ 3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized ...