72 BANKS CLOSED SO FAR THIS YEAR

May 14, 2010

Regulators Close Four Banks

By THE ASSOCIATED PRESS

WASHINGTON (AP) — Regulators on Friday shut down the Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of bank failures this year to 72.

The Federal Deposit Insurance Corporation took over Midwest Bank and Trust, which had about $2.4 billion in deposits and $3.2 billion in assets.

FirstMerit Bank, of Akron, Ohio, agreed to assume all the deposits of Midwest Bank and Trust and essentially all the assets.

The other banks the F.D.I.C. took over were:

New Liberty Bank, based in Plymouth, Mich. The bank had about $101.8 million in deposits and $109.1 million in assets. Bank of Ann Arbor in Ann Arbor, Mich., agreed to acquire the deposits and nearly all of its assets. New Liberty Bank had one branch.

Southwest Community Bank, based in Springfield, Mo. It had deposits of about $102.5 million and $96.6 million in assets. Simmons First National Bank of Pine Bluff, Ark., will acquire the deposits of Southwest Community Bank and essentially all of its assets. Southwest Community Bank had one branch.

Satilla Community Bank, based in Saint Marys, Ga. It had about $134 million in deposits and $135.7 million in assets. Ameris Bank, based in Moultrie, Ga., agreed to acquire the bank’s deposits and nearly all of its assets. Satilla Community Bank had one branch.

8 Responses

  1. Forensic mortgage examiner, Thank You.
    Yes, I have already included it in my pleadings but I just wanted to make sure because I saw Tina B on the blog who used and expert witness qualified in economics to draft an affidavit .

  2. Ali, I’m not an attorney, so consult one practicing in your area, but I think you can introduce Modern Money Mechanics etc, in your pleadings, but you would have to ask the judge to “take judicial notice” of it/them. The judge can refuse to do so but that’s not in your control.

  3. Niel, how can evidence be presented other than in form of exhibits and affidavits if one is not an economics expert? Say if one is using quotes from books such as, Modern Money Mechanics or GAAP?

  4. INTERNATIONAL LAW. WE ALSO NEED TO GO AFTER THE US JUDGES EXTRADITE THEM TO THE HAGUE FOR CRIMES AGAINST HUMANITY. THE JUDGES IN FLORIDA CALIFORNIA ESPECIALLY. THEY CANNOT CLAIM IGNORANCE. ONCE THE LOAN IS PROVEN TO BE SECURITIZED THE LOAN IS NOT VALID. PERIOD. JUST LIKE THE SUN IS GOING TO SET IN THE WEST IN CALIFORNIA. I DO NOT HAVE TO PROOVE THE PHYSICS BEHIND IT.

    http://www.latimes.com/news/nationworld/world/la-fgw-greece-banks-20100517,0,197857.story

  5. QUESTION, if defendant was denied by the appellate court to set aside default would the superior court be able to then grant the defendant an exparte motion to set aside the default or continue at the prove up hearing for motion to be heard? Isn’t a summarily denied order to set aside default final?

  6. This is the continuation of the scam. I have been saying.

    I am preparing an excel table because I think the US Bank who is the No1. plaintiff in foreclosures is getting A LOT of banks from the FDIC.

  7. I hope one day soon that the Federal reserve bank of the united states closes.

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