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Nevada bank becomes 11th failed bank in 2008: FDICWASHINGTON (Reuters) - Regulators closed Silver State Bank on Friday, the 11th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions. The Federal Deposit Insurance Corp said the Henderson,
Categories: Banking News
Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State BankSALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (Nasdaq: ZION) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada,
Categories: Banking News
Zions Bancorporation' unit Nevada State Bank buys Insured Deposits of Failed Silver State Bank - Quick FactsZions Bancorporation (ZION: News ) said on Friday that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada, Financial Institutions Division found that Silver State
Categories: Banking News
FDIC shutters Silver State Bank of NevadaNevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank. Andrew McCain, son of Republican presidential nominee John McCain was a member of the bank's board, but recently stepped down for
Categories: Banking News
Amegy Bank of Texas gives $1,000 gas grant to Open Door MissionExtract not available.
Categories: Banking News
Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State BankSALT LAKE CITY, Sept 05, 2008 /PRNewswire-FirstCall via COMTEX/ -- Zions Bancorporation (ZION: Last: Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials , , ) announced today that its subsidiary, Nevada State Bank has
Categories: Banking News
Report: US government to seize Fannie Mae, Freddie MacWashington - The US government was preparing to take over and bailout the twin mortgage finance giants Fannie Mae and Freddie Mac, according to a New York Times report late Friday that cited officials and company executives who have been briefed on the
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Silver State Bank in Nevada is shutThe agency said depositors of Silver State Bank will continue to have full access to their deposits. The 11 failures so far this year compare with three for all of 2007, and federal banking officials have said that more banks are in danger of collapse.
Categories: Banking News
Texas bank converted to BBVA CompassThe BBVA Group, owner of Compass Bancshares Inc., completed its second conversion of Texas State Bank into the Birmingham-based banking chain.New logos emblazoned with BBVA Compass replaced old signage, symbolizing the Spanish-based conglomerates
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FDIC shutters Silver State Bank of NevadaNevada regulators have shut down Silver State Bank. It was the 11th failure this year of a federally insured bank. Andrew McCain, son of Republican presidential nominee John McCain was a member of the bank's board, but recently stepped down for
Categories: Banking News
Union Bank raises Rs 200 cr through bonds(Asia Pulse Data Source via COMTEX News Network) -- Public sector lender Union Bank of India today raised additional capital to the tune of Rs 200 crore by issuing perpetual bonds. The bond carry a coupon rate of 11.15 per cent, which will be raised to
Categories: Banking News
Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State BankSALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (Nasdaq: ZION - News) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of
Categories: Banking News
Jeremy Warner's Outlook: The banking crisis is not so different to previous ones, but policy response isA grim week for economic data has been topped off with news that US unemployment last month leapt to 6.1 per cent, a much bigger rise than expected and the highest level in nearly five years. The 3 per cent-plus growth recorded for the US economy in the
Categories: Banking News
Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured Deposits of Failed Silver State BankSALT LAKE CITY, Sept. 5 UT-ZION-Nev-StateBank SALT LAKE CITY, Sept. 5 -- Zions Bancorporation (Nasdaq: ZION) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The
Categories: Banking News
Bank of America ready to settle securities probesWASHINGTON -Bank of America Corp. said Friday it is ready to settle federal and state investigations into sales of risky auction-rate securities, joining eight other big investment banks that have agreed to buy back a total of more than $50 billion of
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Pershing Square Capital Management Releases Letter to U.S. Treasury Department Regarding Fannie Mae and Freddie MacNEW YORK--(BUSINESS WIRE)-- Management, L.P. sent the following letter today to the U.S. Treasury Department regarding Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE): September 5, 2008 The Honorable Henry M. Paulson, Jr. Secretary United States
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Zions Bancorporation's Subsidiary, Nevada State Bank Acquires Insured ...SALT LAKE CITY, Sept. 5 /PRNewswire-FirstCall/ -- Zions Bancorporation (News) announced today that its subsidiary, Nevada State Bank has acquired the insured deposits of failed Henderson, Nevada-based Silver State Bank. The State of Nevada, Financial
Categories: Banking News
India bank's new head vows to battle inflationUMBAI -- India's new head of the Reserve Bank of India took office on Friday, pledging to wrestle d own inflation riding at 13-year highs. Duvvuri Subbarao, who was appointed for a three-year term to succeed Yaga Venugopal Reddy as governor, told
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Bank stocks slide as interest rates held28As the Bank of England revealed that interest rates remain unchanged, bank stocks slid and contributed to a 2.5 per cent drop felt in the FTSE 100.After fervent deliberation, the Bank's Monetary Policy Committee (MPC) opted against a cut to stimulate
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