Friday Failures

It was a big week for the FDIC. Here are the links to the closures this afternoon.

First Bank of Idaho, Ketchum, Idaho

First Bank of Beverly Hills, Calabassas, California

Michigan Heritage Bank, Farmington Hills, Michigan

American Southern Bank, Kennesaw, Georgia

Note that the FDIC was not able to pawn the First Bankof Beverly Hills off on anyone. It’s going to cost them some big bucks.

And just to round out the day, a major Florida credit union went belly up and was seized by its regulator. Here is that link.

Eastern Florida Financial Credit Union, Miramar, Florida

At least its job security for bank examiners.

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