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Georgia bank is 23rd failure in US this year First Georgia Community Bank, a small institution with $237.5m in assets, was closed by state regulators on Friday, marking the 23rd US bank failure this year FT.comTop rates to entice savers can be warning sign When London Scottish Bank collapsed into administration it marked the end of yet another institution that had become known for knock-out savings rates TelegraphFirst Midwest Bancorp, Inc.: First Midwest Bancorp, Inc. Participates in Treasury`s Capital Purchase and FDIC Insurance Programs ITASCA, IL (MARKET WIRE) First Midwest Bancorp, Inc. (the 'Company' or 'First Midwest') (NASDAQ: FMBI), the parent of First Midwest Bank, today announced the sale of $193 million in preferred shares to the U.S. Treasury as a part of the government's Capital Purchase Program ('CPP') under the Emergency Economic Stabilization Act of 2008. The Treasury's investment in First Midwest is part of the government's program to infuse capital into the nation's healthy financial institutions. Marketwire.comFDIC shuts bank in Georgia, 23rd bank failure this yearUSAtoday.com First Midwest Bank: First Midwest Bank to Offer Expanded FDIC Insurance Coverage for Certain Customer Accounts ITASCA, IL (MARKET WIRE) First Midwest Bank ('First Midwest'), the wholly owned subsidiary of Itasca-based First Midwest Bancorp, Inc. (NASDAQ: FMBI), today announced that First Midwest will participate in the FDIC's Transaction Account Guarantee Program ('TAGP'). Under this program, First Midwest's non-interest-bearing transaction accounts, and NOW accounts paying 0.50% or less are fully guaranteed by the FDIC for the entire amount in the account. This unlimited insurance coverage is in addition to and separate from the $250,000 coverage available under the FDIC's insurance rules for general deposits and will be Marketwire.comWeekend Edition: Goldman, Morgan Stanley strategies may diverge Goldman Sachs and Morgan Stanley mark the end of an era this month when they post their first earnings since becoming commercial banks, and investors resigned to the dismal results on tap are restless for any indications about the companies' plan to grow with the less risky business model. Market WatchOverview: Rate cuts fail to convince investors Central banks delivered big rate cuts this week as policy makers sought to shore up a slumping global economy and ward off the threat of deflation Financial TimesFirst Georgia Community Bank closed, 23rd failure of year First Georgia Community Bank is closed by regulators, marking the 23rd bank failure of the year amid the ongoing financial crisis. Market WatchMerrill shareholders lament end In a scene that resembled an Irish wake more than a shareholder meeting, stockholders of Merrill Lynch voted to approve the firm's acquisition by Bank of America FT.comJulius Baer`s Widmer Dies Alex Widmer, who led Julius Baer's flagship private bank operations, died unexpectedly. Shares fell on concern that the death could be related to the Swiss bank's business. Wall Street Journal1 2 |
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