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On April 24, 2009, Georgia Department of Banking and Finance shut down American Southern Bank, marking the 26th bank failure of 2009 in the United States, and the 51st since the beginning of the recession, as the credit crunch continued to spread through the economy. Bank of North Georgia of Alpharetta, Georgia, assumed all of the deposits. As ...
American Southern Bank, Kennesaw, Georgia: Bank of North Georgia, Alpharetta, Georgia: Commercial bank [34] April 24, 2009: Michigan Heritage Bank, Farmington Hills, Michigan: Level One Bank, Farmington Hills, Michigan: Commercial bank [34] April 24, 2009: First Bank of Beverly Hills, Calabasas, California: closed; FDIC payout of insured ...
[3] [4] The foreclosure crisis caused significant investor fear in the U.S. [5] A 2014 study published in the American Journal of Public Health linked the foreclosure crisis to an increase in suicide rates. [6] [7] One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. [8] [9]
By removing the $2,000 minimum threshold for foreclosure, the bill aims to protect property owners from losing their homes over association fees and “address concerns about the potential abuse ...
Georgia April 24, 2009: Bank of North Georgia 112.3 27 Michigan Heritage Bank Farmington Hills: Michigan: April 24, 2009: Level One Bank 184.6 28 First Bank of Beverly Hills Calabasas: California April 24, 2009: None (insured depositors paid directly) 1,500 29 First Bank of Idaho Ketchum: Idaho: April 24, 2009: U.S. Bank, N.A. 488.9 30 ...
Including predecessor Bank of North America, the first bank in the United States First Union Corporation: Wells Fargo: 1998 NationsBank Corp. BankAmerica Corp. Bank of America Corp. Bank of America: 1998 Golden State Bancorp: First Nationwide Holdings, Inc. Golden State Bancorp: $5.8 billion Citigroup: 1998 Norwest Corporation: Wells Fargo Corp ...