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The Washington Post reports that the number of bank failures has been surprisingly low. But the crunch count is likely to grow as the problem bank list triples from 90 to 300 over the next three years. Full Article at Blogging Stocks
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Miami native Kenneth H. Thomas relishes his time relaxing at his Pinecrest home with his sidekick, Chevy, a 13-year-old Italian shepherd that keeps close by his side. Or fishing in the Florida Keys. But those opportunities can be rare. Full Article at Miami Herald
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Insured deposits of small Florida bank assumed by SunTrust, FDIC says SAN FRANCISCO (Menafn - MarketWatch) - First Priority Bank was shut down by regulators on Friday, making the small Florida lender the eighth bank failure in the U.S. so far this year. Full Article at Middle East North Africa Financial Network
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Is your money safe at your hometown bank? Many South Jersey bank depositors are wondering just that as the news media covers stories about failed and shaky financial institutions nationwide. Full Article at N.J. Courier-Post Online
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It’s hard to watch news clips of depositors lined up outside IndyMac Bank branches in California without recalling similar scenes from Depression-era documentaries or the fictionalized bank run in “It’s a Wonderful Life.” But there’s one big difference... Full Article at Consumer Reports
