Bank Faliure

Abstract Over the past three years, the bounding industry of the joined States has go on to reel from the mortgage meltdown and the recession. Today, on that point are 11% fewer fixs than at the end of 2007; more(prenominal) than 300 banks call for failed since January 1, 2009 (Failed bevel Information). Since the beginning of 2010, the United States has been the largest list of bank failures in decades. In calendar year of 2010, a total of 157 technical banks failed. This compares with only 3 in 2007, no(prenominal) in both 2006 or 2005, and 4 in 2004(Failed argot List). Decatur First margin is the nations 82nd banking failure and the twenty-first in atomic number 31, which accounts for close 30% of all banking failures in 2011 (Failed beach List). This paper pass on give a monetary evaluation of the problem, which led to the bank failure of Decatur First savings bank, Decatur, tabun. wedge Failure On Friday, October 21, 2011, Decatur First Bank, Deca tur, GA was unsympathetic by the Georgia Department of Banking and Finance, and the Federal sediment Insurance corp (FDIC) was named Receiver. No advance notice is presumption to the public when a financial institution is closed (Failed Bank Information). Decatur First Bank became the 21st bank to fail in Georgia this year.

Georgia leads the nation in banking failures, accounting for 26% of all failed banks during 2011. The FDIC was institute as receiver and sold the failed bank to faithfulness Bank, Atlanta, Georgia after Georgia state officials closed Decatur First Bank, fidelity Bank reopened the five branc hes of Decatur on October 22, 2011 as branch! es of Fidelity Bank (Problem Bank List). Decatur First Bank was founded in September 1997. During the material the three estates boom, Decatur aggressively expanded its impart and more than duplicate assets between 2003 and 2008. The ensuing real estate crash and financial crisis quickly resulted in soaring bring defaults. Decatur had total assets of $191.5 one million million and total deposits of $179.2 million on June 30, 2011. Fidelity agreed...If you want to stick out a full essay, order it on our website: BestEssayCheap.com

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