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kansascity.com (Free subscription) | 09/06/2008
... to real estate development" in southern Nevada and other distressed markets, FDIC spokesman David Barr said.
"When the housing market slowed down, people who bought raw land to build new homes didn't need that land so they couldn't do anything with it and repay their loans. So those loans went bad," Barr said.
Construction and development loans have been the fastest-growing...
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Chicago Tribune (Free subscription) | 09/06/2008
... to real estate development" in southern Nevada and other distressed markets, FDIC spokesman David Barr said."When the housing market slowed down, people who bought raw land to build new homes didn't need that land so they couldn't do anything with it and repay their loans. So those loans went bad," Barr said.Construction and development loans have been the fastest-growing category...
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Monkeyfister (Free subscription) | 09/01/2008
Without a Bank Failure... via FDIC Regions Bank Acquires All the Deposits of Integrity Bank, Alpharetta, Georgia FOR IMMEDIATE RELEASE August 29, 2008 Media Contact: David Barr (202) 898-6992 Cell: 703-622-4790 dbarr@fdic.gov Integrity Bank, Alpharetta, Georgia, with $1.1 billion in total assets and $974.0 million in total deposits as of June 30, 2008, was closed today by the Georgia...
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The St Louis Business Journal (Free subscription) | 08/29/2008
... of a U.S. bank this year, according to the FDIC, and the first in Kansas since 1993.FDIC spokesman David Barr said this year’s bank failure total is higher than typical but bears no resemblance to the situation 20 years ago.“It’s a little higher than normal but nowhere near the 534 that failed in 1989,” Barr said.
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The Street (Free subscription) | 08/25/2008
... a bidding process, Citizens was deemed to be the least costly to the insurance fund," according to David Barr, a spokesman for the FDIC. Citizens now operates 29 community banks in Missouri and Kansas with the acquisition, with more than $1 billion in assets. "This acquisition advances our strategy to organically grow Commercial Banking and Wealth Management services in Kansas and...
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San Diego Union (Free subscription) | 08/19/2008
... a cease and desist order is a very formal, legal document enforceable by a court of law,” said David Barr, an FDIC spokesman. Banking industry experts say regulators appear to be growing more strict in pointing out areas for improvement, given the current concern about potential bank failures as the housing market continues to decline. Imperial Capital remains “well capitalized,”...
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Star Tribune (Free subscription) | 08/18/2008
... misled me."IndyMac was taken over by the Federal Deposit Insurance Corp. last month.FDIC spokesman David Barr declined to discuss the Fuciles' case, but said the agency has temporarily frozen all IndyMac foreclosures and is working on a broad plan to modify mortgages held by the Pasadena, Calif-based bank.The low monthly payments of liar loans helped many home buyers afford to purchase...
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Indy Star (Free subscription) | 08/11/2008
The IndyMac failure sent consumers searching for the FDIC's watch list of troubled banks, which isn't made public. After the failure, the agency disclosed that IndyMac hadn't been on the list, showing how quickly a bank can fail. The agency is prohibited by law from releasing information about its bank examinations, including internal ratings that put banks under watch, said spokesman David...
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Tampa Bay Online (Free subscription) | 08/02/2008
... pun, a priority for the FDIC?" he said. "This should have been done a while back."FDIC spokesman David Barr confirmed that First Priority was one of the 90 banks on the agency's secret "problem list."The bank was in such bad shape that the FDIC will have to take on almost all of its loans, including $43 million worth that borrowers are no longer making payments on.Barr estimates...
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Dallas Morning News (Free subscription) | 07/28/2008
... business."In the past couple of [bank] failures we've had a large amount of these deposits," said David Barr, FDIC spokesman.IndyMac Bancorp Inc., which federal regulators shut down and then reopened earlier this month, had more than $5 billion in brokered deposits, he said.ANB Financial NA, a Bentonville, Ark.-based bank that federal regulators closed in May, had more than 75 percent...
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Star Tribune (Free subscription) | 07/27/2008
... just not much to do on the customer side of things," Federal Deposit Insurance Corp. spokesman David Barr said. "There's going to be no impact on the depositors whatsoever, except basically a name change," Barr said.Insurance limits are typically $100,000, but some accounts, such as joint accounts, can have more money protected, Barr said.On Monday, Mutual of Omaha will...
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Miami Herald (Free subscription) | 07/27/2008
No angry lines of customers after bank takeoverPosted on Sun, Jul. 27, 2008By AMANDA LEE MYERSAssociated Press WriterNevada Appeal, Brad Horn / AP PhotoCarson City Sheriff's detective David LeGros locks the door at 1st National Bank of Nevada on Friday, July 25, 2008, after federal regulators closed the bank in Carson City, Nev. Twenty-eight branches of 1st National Bank of Nevada and First...
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Raw Story (Free subscription) | 07/27/2008
... just not much to do on the customer side of things," Federal Deposit Insurance Corp. spokesman David Barr said. "There's going to be no impact on the depositors whatsoever, except basically a name change," Barr said.Insurance limits are typically $100,000, but some accounts, such as joint accounts, can have more money protected, Barr said.On Monday, Mutual of Omaha will...
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Kathryn Cramer (Free subscription) | 07/25/2008
... Short Fiction: From Original Anthologies to Online Fiction Lawrence C. Connolly Kathryn Cramer (M) David Barr Kirtley Paul Melko Karina Sumner-Smith Every year, we hear predictions of the death of short fiction. Yet, every year, some of the genres best works are not novels but short stories and novellas. And more new outlets are appearing. There are more good original anthologies...
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Red Orbit (Free subscription) | 07/24/2008
... May 5 and told the organization there might be some money available to Mercy from the settlement. David Barr, president of the United Way of Florence County, said the organization sent a letter to the attorney general that same day on behalf of Mercy Medicine asking for a portion of the settlement. "We are proud to have played a minor role in (getting) this award," Barr said....
