When the FDIC released its Quarterly Banking Profile for
the fourth quarter 2010, it included a statement from
FDIC Chairman Sheila Bair that the agency believes "the number of failures
peaked in 2010." However, at least through the end of February 2011, the
evidence was to the contrary...
On July 14, 2011, the FDIC filed a lawsuit in the
Northern District of Georgia against 15 former directors and officers of Haven
Trust Bank of Duluth, Georgia. This suit is the ninth the FDIC has filed as
part of the current bank failure wave and the second that the FDIC has filed in
Georgia. A copy...