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California National Bank expected to be seized tonight

Los Angeles : CA : USA | about 1 month ago  
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Tracking the market and economic trends that shape your finances. October 30, 2009 |  5:05 pm Bank regulators are expected later today to take over Los Angeles-based California National Bank in what would mark the fourth-largest bank failure in the country this year, according to people familiar...
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  • News Source: Contra Costa Times | about 1 month ago
    Regulators seize failed Pacific National Bank, U.S. Bank takes over Posted: 10/31/2009 10:35:25 AM PDT Updated: 10/31/2009 10:35:26 AM PDT Federal regulators have seized Pacific National Bank, which had 17 Bay Area branches, including nine in the...
  • News Source: United Press International | about 1 month ago
    California National Bank and eight others owned by an Illinois company have become the country's fourth-largest bank failure this year, U.S. officials said. Oak Park, Ill., company, were seized by regulators Friday and acquired by U.S.
  • News Source: San Diego Union-Tribune | about 1 month ago
    Federal regulators yesterday seized the parent company of San Diego National Bank, making it the largest local bank to fail during the nation's financial crisis. Corp., parent of San Diego National and eight other banks across the country, and sold...
  • News Source: Press TV | about 1 month ago
    Friday to take over Los Angeles-based California National Bank along with eight other failed financial institutions controlled by First Bank of Oak Park Corp. Analysts expect more bank failures next year, as increasing numbers of community banks are...
  • News Source: The Examiner | about 1 month ago
    Corp., itself wasn't closed under the deal, grew from one bank with assets of $125 million in 1990. From 1990 to 2007 the company acquired 28 banks, according to its Web site...The closings boost the number of failed U.S. banks this year to 115...
  • News Source: International Business Times | about 1 month ago
    U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans. The move brought the...
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  • Blog Source: www.infidelsparadise.com
    The nine banks are Bank USA N.A. of Phoenix, California National Bank of Los Angeles, San Diego National Bank of San Diego, Pacific National Bank of San Francisco, Park National Bank of Chicago, Community Bank of Lemont in Lemont, Ill., North Houston
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    Lehman Brothers Art Collection For Sale. On November 1st, Philadelphia auction house Freeman's is holding the first of two sales of nearly 700 pieces from Lehman Brothers' private art collection. ...
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    fed-statement/” title=”Dollar Rises Most Since April on Reduced [...] ... This is from Business on HuffingtonPost.com : NEW YORK — Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy
  • Blog Source: www.huffingtonpost.com
    NEW YORK — Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan defaults. The banks were units of privately held FBOP Corp., a Chicago-based bank holding ... The Fed
  • Blog Source: www.mortgagegirl.ca
    When a bank fails, the Federal Deposit Insurance Corp. swoops in, usually on a Friday afternoon. It tries to sell off the bank's assets to buyers and cover its liabilities, primarily customer deposits. It taps the insurance fund to ... In a healthy
  • Blog Source: www.theoildrum.com
    The FED program, launched in late 2008, has the overarching goals of improving military vehicle technology, reducing fuel consumption on the battlefield, and reducing the nation's dependence on oil. ... The move brought the total number of failed
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