Official Banks Going Out Of Business Thread

[fast2008]

There's a great thread going on in the Offshore Company section that has been keeping everyone updated everytime another U.S. bank closes due to the sub-prime mortgage crisis.

It is too important not to post in the main hangout section. I hope nobody minds that i'm doing this.

Also a great post in that section about the FDIC taking up to 3-5 years to repay bank investors when their bank shuts down (and not including interest).

[pennypincher]

That MSNBC thread makes my blood boil and made me think to post this and then I saw you beat me to the punch and posted it first, so here are the banks that have fallen already this year.

I count 8 banks so far this year and here is the complete list:

8. First Priority Bank, Bradenton, FL
7. First Heritage Bank, NA, Newport Beach, CA
6. First National Bank of Nevada, Reno, NV
5. IndyMac Bank, Pasadena, CA
4. First Integrity Bank, NA, Staples, MN
3. ANB Financial, NA, Bentonville, AR
2. Hume Bank, Hume, MO
1. Douglass National Bank, Kansas City, MO

[protectmyassets]

Pennypincher, either you are running a little slow or the U.S. banks are collapsing a little fast, or perhaps a combination of both because you missed this latest bank that fast2008 put up in that section (time for america to wake up and make some changes. As an individual, diversify and put some emergency money into a Swiss bank account:


[glow=red,2,300]Got another U.S. bank for you that just went out of business:

This makes #9

The Columbian Bank and Trust, Topeka, KS - closed August 22nd.


Nobody that's on this board can say they weren't warned not to put some of their money into a swiss offshore bank account. [/glow]

[numbercruncher]

Fast2008, thanks for posting up a copy on the main hangout section. For that I have exalted you and maybe it will bring you some good luck karma for the day. ;D

[rockstarinvestor]

i'm now covered. enough said!

[pennypincher]

Aug 27, 2008 18:50:55 GMT -5 protectmyassets said:

Pennypincher, either you are running a little slow or the U.S. banks are collapsing a little fast, or perhaps a combination of both because you missed this latest bank that fast2008 put up in that section (time for america to wake up and make some changes. As an individual, diversify and put some emergency money into a Swiss bank account:


[glow=red,2,300]Got another U.S. bank for you that just went out of business:

This makes #9

The Columbian Bank and Trust, Topeka, KS - closed August 22nd.


Nobody that's on this board can say they weren't warned not to put some of their money into a swiss offshore bank account. [/glow]

protectmyASSets, a little of both

[liabilitygame2009]

Thanks to subprime mortgages, our only option will be offshore banks because we wont have any banks left in the US.

[protectmyassets]

If our country doesn't shape up, we will eventually become the United States of China!

[fast2008]

#10 U.S. Bank just bit the dust: Integrity Bank, Alpharetta, GA

anyone who isn't seeing the signs, I recommend you put some emergency money into a Swiss or Swedish bank. Again as stated above, don't say nobody warned you!

[Brett]

fast2008, thanks for keeping an eye on this thread and making a copy for the main hangout section too. every week people should keep an eye on this thread as there will likely be a new failing bank added each week.

and yes, we have all been warned. i hope everyone takes the steps necessary to protect their assets.

[hardinvesting]

crap, this is getting a little scary

[rockstarinvestor]

It's not going to be a happy weekend for our friends in Georgia that need to get some money out of the teller thats for sure. Best of luck to all of you over there

[fast2008]

With all the hurricanes going on, the focus has been taken off the failing bank crisis.

[pennypincher]

With so many problems both nature and man-made, it's hard to keep track of everything necessary to protect ourselves. But i'm glad for the news, the Internet and places like this board to bring issues to our attention and of course remind us and keep us focused on everything.

[Brett]

agreed. everytime something new hits the news and this case a powerful hurricane, it's easy to forget about protecting our assets.