Regulators Close Banks in Florida, Georgia, Illinois, and Kansas

By: Associated Press
By: Associated Press

Washington, D.C (AP) - Regulators have shut down a total of six banks
in Florida, Georgia, Illinois and Kansas, lifting to 138 the number
of U.S. banks that have fallen this year as soured loans have
mounted and the economy has sputtered.
The Federal Deposit Insurance Corp. on Friday took over the
banks: First Bank of Jacksonville in Jacksonville, Fla., with $81
million in assets; Progress Bank of Florida, based in Tampa, with
$110.7 million in assets; First National Bank of Barnesville in
Barnesville, Ga., with $131.4 million in assets; Gordon Bank of
Gordon, Ga., with $29.4 million in assets; First Suburban National
Bank in Maywood, Ill., with $148.7 million in assets; and Hillcrest
Bank, based in Overland Park, Kan., with $1.6 billion in assets.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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  • by Christine Location: Tallahassee on Oct 24, 2010 at 10:13 AM
    Not only is it sad that the banks are being taken over by the FDIC. It also cancels Cobra Insurance. No warning, just canceled. Oh they will offer you insurance, but it is so high no one can afford it. So, if you are ill and have appointments. Get ready to dish out the buck, for you don't have insurance anymore
  • by Will Location: Tallahassee on Oct 24, 2010 at 07:42 AM
    @ Docker I guess you fail to seee MeJustMe's point.People pointed to Obama's lack of experience and then want to not re-elect career politicians and replace them with candidates with no experience. What part of hypocricy do you not understand?
  • by Docker Location: Tallahassee on Oct 24, 2010 at 04:09 AM
    No Experience? LOL! Obama had absolutely no experience whewn elected POTUS.Sheesh.
  • by NPR on Oct 23, 2010 at 11:57 PM
    It's all Juan Williams' fault.
  • by MeJustMe Location: GADSDEN on Oct 23, 2010 at 05:37 PM
    I'm just sorry for Obama getting the blame for 8 years of Republican greed, lobbying payoffs and deregulation. And now, you idiots want to elect TP candidates who boast of NO "insider" experience, NO experience! Good luck if they get it... it'll be a cluster-mess of insane proportions. Be careful what you wish for...
  • by Tee Hee Location: Tally on Oct 23, 2010 at 05:16 PM
    The last time I checked Robin, I wasn't elected to Washington, so YOU or ME didn't cause this mess. Our elected officials did. A Democratic Congress and a Republican President. Now the current Democratic Congress and Democratic President is spending too much money not knowing what lies ahead. ( another terrorist attack, natural or man made disaster) This hopey changey thing isn't working out so far. There always been rich folks, poor folks and the ones caught in the middle throughout history of the world. What I'm concerned most is the fact my income hasn't increased in two years, however, the price of gas,food,clothing,power bill, insurances has been increasing. Perhaps a change in Congress will get the POTUS change his way of thinking and approach that will get OUR country in the right direction. I hope so as I'm afraid things may get allot worst before it's gets better. So don't blame me or any other person that is not an elected official, I'm frustrated with all ELECTED officials
  • by Anonymous on Oct 23, 2010 at 04:47 PM
    PROGRESSIVE DEMOCRATS & PROGRESSIVE REPUBLICANS have created the mess we are in. PROGRESSIVE beliefs are perpetuated by both Democrats & Republicans, their agenda is the same regardless of which party is in power. All of them eat from the same PROGRESSIVE bowl, the contention is, which party (Democrat/Republican) has the power to control the PROGRESSIVE bowl. The more things CHANGE, the more they remain the same. NAFTA, which sent Amercian jobs overseas, put taxpayers out of work decreasing the tax base. It was started under Geo H W Bush, Clinton signed it into law, Clinton & Geo W Bush helped to propel it into action and Obama doesn't want to deal with it because he is not against it. He can't admit NAFTA didn't work yet he doesn't know what to do to get Amercians back to work without those jobs. So, he resorts to using borrowed money to pay people not to work. Loans have to be repaid, we are broke folks, blame those LIBERAL/SOCIALISTIC/PROGRESSIVES we elected to represent us.
  • by Blind Obama Sheep on Oct 23, 2010 at 01:29 PM
    It's all Bush's fault!
  • by Will Location: Tallahassee. on Oct 23, 2010 at 10:57 AM
    The TARP money was gone before Obama took office. He had no way of steering it. Facts are facts. It,TARP, was passed with no strings attached. Why! Does anyone remember the name Henry Paulson former CEO at Goldman Sachs. I doubt it. Why did Bush allow it to be passed that way and not veto it. Was he worried about re-election. I don't think so. You decide why.
  • by Robin Goodfellow on Oct 23, 2010 at 10:22 AM
    ANON @ 9:38 - that was weeks ago - this is news which is happening NOW. Leroy - this whole mess was created during the Bush administration (with help from the republican-run Congress under Bill Clinton); Mr. Obama had nothing to do with it. Those of you who voted for and supported Bush still will not face up to the reality that it was YOU and the Republicans that created this mess which will take YEARS to fix. "Man up" and face what you did instead of pushing the blame on others. The Republicans in the current Congress have done nothing but exacerbate this problem - and voting more of those idiots into office will sink this country even further - all so the rich can make even more money - at YOUR expense.
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