Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more

October 24, 2009

WASHINGTON (AP) — The head of the FDIC says there are no immediate plans to borrow money from the Treasury Department to shore up the shrinking deposit insurance fund. ...more

August 27, 2009

Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billion reported last month. ...more

March 21, 2009

Mercedes Homes Melbourne-based Mercedes Homes filed for Chapter 11 bankruptcy court protection last week and plans to reorganize and stay in business. ...more

February 4, 2009

WASHINGTON - Regulators on Friday shut down Freedom Bank, a small bank located in Bradenton. It was the 17th failure this year of a federally insured bank. ...more

October 31, 2008

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. ...more

August 28, 2008