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NoisyRoom.net (Free subscription) | 05/10/2008
From Yahoo! Finance: ANB Financial banks closed by federal regulators over ‘unsafe and unsound’ practices BENTONVILLE, Ark. (AP)—Federal regulators says they've closed ANB Financial National Association banks after discovering “unsafe and unsound” business practices there. David Barr, a spokesman for the Federal Deposit Insurance Corp. says many customers served by the bank’s nine locations...
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Calculated Risk (Free subscription) | 05/10/2008
Did someone say " bank failure " this morning? From the FDIC: Bank Closing Information for ANB Financial, NA, Bentonville, AR ANB Financial, National Association, Bentonville, Arkansas, was closed today by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect depositors, the FDIC's Board of Directors approved...
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The Huffington Post (Free subscription) | 05/10/2008
BENTONVILLE, Ark. — Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there. David Barr, a spokesman...
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Fox News (Free subscription) | 05/10/2008
SAN FRANCISCO -- ANB Financial N.A. of Bentonville, Ark., was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. This marks the third bank failure of the year. FDIC's board approved the assumption of the insured deposits of ANB Financial by Pulaski Bank and Trust Co. in Little Rock, Ark....
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Market Watch (Free subscription) | 05/10/2008
ANB Financial N.A., a Bentonville, Ark.-based bank, has been closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. has been named receiver, the FDIC says.
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Examiner (Free subscription) | 05/10/2008
Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.
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Market Watch (Free subscription) | 05/10/2008
SAN FRANCISCO (MarketWatch) -- ANB Financial N.A. of Bentonville, Ark., was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. This marks the third bank failure of the year. FDIC's board approved the assumption of the insured deposits of ANB Financial by Pulaski Bank and Trust Co. in Little...
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Seattle Times (Free subscription) | 05/10/2008
Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.
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Seattle Post-Intelligencer (Free subscription) | 05/10/2008
BENTONVILLE, Ark. -- Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.
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San Fransisco Chronicle (Free subscription) | 05/10/2008
Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there. David Barr, a spokesman for the Federal Deposit Insurance Corp. says many customers served by the bank's nine...
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Star Tribune (Free subscription) | 05/10/2008
David Barr, a spokesman for the Federal Deposit Insurance Corp. says many customers served by the bank's nine locations had accounts under $100,000, which will be fully insured by the government. Barr says customers can continue to write checks and draw money from ATMs through the weekend.
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Calculated Risk (Free subscription) | 05/10/2008
The FDIC closed ANB Financial today with an estimated $214 million hit to the FDIC insurance pool (see previous post). Here are some details from an article earlier this week. From ArkansasBusiness.com: ANB Past Dues Up 58 Percent (hat tip Steve) ... ANB Financial's loans that are 30 days or more past due were valued at $614.6 million as of March 31, up 58.3 percent from Dec. 31. The...
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The Savings investor (Free subscription) | 05/13/2008
On May 9, 2008, ANB Financial, NA, Bentonville, Arkansas was closed by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All insured deposit accounts have been transferred to Pulaski Bank and Trust Company, Little Rock, Arkansas and will be available immediately. In nearly every bank failure there are uninsured depositors...
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CNN (Free subscription) | 05/12/2008
Bear Stearns may have been deemed to big to fail. But ANB Financial, a small bank in Arkansas, wasn't. And we might need to brace for even more bank shutdowns.
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Unfortune (Free subscription) | 05/12/2008
Bear Stearns may have been deemed to big to fail. But ANB Financial, a small bank in Arkansas, wasn't. And we might need to brace for even more bank shutdowns.
