Regulators shut down Bank of Whitman

Regulators shut down Bank of Whitman

Regulators Shut 7 Banks in 5 States March 20, 2010 / 9:47 AM / CBS/AP Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the United States so.

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SONOMA – Regulators shut down troubled Sonoma Valley Bank on Friday, the first Sonoma County bank to collapse since the economic downturn began toppling financial institutions across the country.

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The big question on the minds of federal regulators is: Which is the next bank to fail?The second question is whether many of the banks which have failed were. Regulators shut down local banks.

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The Bank of Credit and Commerce International (BCCI) was an international bank founded in 1972 by Agha Hasan Abedi, a Pakistani financier. The Bank was registered in Luxembourg with head offices in Karachi and London.A decade after opening, BCCI had over 400 branches in 78 countries and assets in excess of US$20 billion, making it the seventh largest private bank in the world.

This year’s failed-bank tally rose to 63 over the weekend, as state and federal regulators seized control of two more community-based lenders — Bank of Whitman in Colfax, Washington, and Bank of.

Heartland Bank and Trust’s previous failed-bank acquisition was Western Springs National Bank and Trust, which was shut down by the Office of the Comptroller of the Currency in April. Bank of Whitman

All shares of Bank of Whitman were owned by its holding company, Whitman Bancorporation, Inc., Colfax, WA. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of Whitman Bancorporation, Inc., please do not contact or file a claim with the receiver.

Bank regulators closed seven banks Friday, bringing the total of number of bank failures for the year to 139, the Federal Deposit Insurance Corporation said.. Regulators shut down 7 banks.

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