1. QUOTE from:
    First Federal enters local market
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    That daily total, which exceeded the three banks to close in all of 2007, prompted FDIC chairwoman Sheila Bair to address the state of the banking system on fdic.gov. "As the economy heals so will the banking system ... Until the healing process is complete there will be more bank failures. However, the number of failures we are experiencing is significantly lower than those the FDIC has handled in past crises." Kevin Mukri, spokesman for the Office of the Comptroller of the Currency, said the regulatory agency usually knows months in advance when a bank is at risk for closure. Full Article at Bradenton Herald
    As the economy heals so will the banking system ... Until the healing process is complete there will be more bank failures. However, the number of failures we are experiencing is significantly lower than those the FDIC has handled in past crises.
    Sheila Bair – Sheila Bair SOURCE: Bradenton Herald 1 month ago
All quotes from:
First Federal enters local market
  1. That news on Saturday morning ruined my weekend ... I had many friends that were on that board and officers, and my heart goes out to them. It’s just sad when that kind of thing happens to a fellow banker in your community.
    SOURCE: Bradenton Herald 1 month ago
  2. The loss sharing aggregates are so generous if you’re looking to get into banking or expand your bank in this market the best way to do it is buy a failed institution ... I would expect this to continue.
    SOURCE: Bradenton Herald 1 month ago
  3. This is an opportunity that we were honored to be able to bid on and grateful to be the winning bidder ... We’ve always been interested in the Sarasota market, but it’s very difficult to come in and start a new institution like this.
    SOURCE: Bradenton Herald 1 month ago

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