Bank Faliure

Abstract Over the past three years, the bounding industry of the proceed together States has go on to reel from the mortgage meltdown and the recession. Today, there are 11% fewer fixs than at the end of 2007; more than 300 banks call for failed since January 1, 2009 (Failed bevel Information). Since the beginning of 2010, the United States has been the largest sum up of bank failures in decades. In calendar year of 2010, a total of 157 technical banks failed. This compares with only 3 in 2007, no(prenominal) in both 2006 or 2005, and 4 in 2004(Failed vend List). Decatur First situate is the nations 82nd banking failure and the twenty-first in gallium, which accounts for close 30% of all banking failures in 2011 (Failed pious platitude List). This paper pass on give a fiscal evaluation of the problem, which led to the bank failure of Decatur First lingo, Decatur, tabun. depose Failure On Friday, October 21, 2011, Decatur First Bank, Decatur, GA was u nsympathetic by the Georgia Department of Banking and Finance, and the Federal sediment Insurance community (FDIC) was named Receiver. No advance notice is presumption to the public when a fiscal institution is closed (Failed Bank Information). Decatur First Bank became the 21st bank to fail in Georgia this year. Georgia leads the nation in banking failures, accounting for 26% of all failed banks during 2011. The FDIC was official as receiver and sold the failed bank to faithfulness Bank, Atlanta, Georgia after Georgia state officials closed Decatur First Bank, fidelity Bank reopened the five branches of Decatur on October 22, 2011 as branches of Fidelity Bank (Problem Bank List). Decatur First Bank was founded in September 1997. During the received the three estates boom, Decatur aggressively expanded its impart and more than double assets between 2003 and 2008. The ensuing real estate crash and financial crisis quickly resulted in soaring bring defaults. Decatu r had total assets of $191.5 jillion and to! tal deposits of $179.2 million on June 30, 2011. Fidelity agreed...If you want to get a full essay, order it on our website: BestEssayCheap.com

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