Despite the "positive" news from the FDIC earlier in the week that the insurance fund isstrong and that deposits are secure, three (3) more banks failed on Friday, August 28, 2009.
Mainstreet Bank in Forest Lake, Minnesota, Bradford Bank in Baltimore, Maryland and Affinity Bank in Ventura, California were all closed by the FDIC today. Mainstreet Bank will cost $95 million against the FDIC insurance fund. Bradford Bank will cost $97 million against the FDIC insurance fund. Affinity Bank will cost $254 million against the FDIC insurance fund.
Mainstreet Bank in Forest Lake, Minnesota, Bradford Bank in Baltimore, Maryland and Affinity Bank in Ventura, California were all closed by the FDIC today. Mainstreet Bank will cost $95 million against the FDIC insurance fund. Bradford Bank will cost $97 million against the FDIC insurance fund. Affinity Bank will cost $254 million against the FDIC insurance fund.
Bank Name | City | State | CERT # | Closing Date | Updated Date |
|---|---|---|---|---|---|
| Affinity Bank | Ventura | CA | 27197 | August 28, 2009 | August 28, 2009 |
| Mainstreet Bank | Forest Lake | MN | 1909 | August 28, 2009 | August 28, 2009 |
| Bradford Bank | Baltimore | MD | 28312 | August 28, 2009 | August 28, 2009 |
Source: FDIC
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