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On October 31, 2008, Freedom Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.
Prior to today’s failure the previous bank failure was On October 24, 2008, when Alpha Bank & Trust, Alpharetta, GA was closed by the Georgia Department of Banking and
The day after Thanksgiving we find an Ad for Heritage Community Bank in Illinois promoting its one-year CD rate. Heritage Community Bank is offering this one year CD rate at 4.05% APY. In order to obtain this bank’s high CD rate; a minimum deposit of $2,000.00 is required. Heritage community bank was founded in 1917
Fraudulent emails to steal financial data and identities are a significant security problem. Emails are a common way to spread harmful codes or to trick you into revealing your internet banking information. Don’t open emails from unknown senders. If you are in doubt about the source of an email, for example if you don’t recognize
Paper certificates or definitive securities and electronic records or book-entry securities evidencing ownership of equity, stocks, or debt obligations (bonds).
CD rates continue to remain extraordinarily high during the fourth quarter. Competition among banks has kept interest rates up for most of this year. With the funds rate pushed down to a meager 1% and fruther economic weakness showing no sign of letting up, it would certainly not be surprising to see some declines in
Alaska is the largest state with the lowest population density in the nation and home to Northrim Bank. Northrim Bank is a full-service commercial bank that provides a full range of personal and business banking services. Northrim Bank was founded in 1990 and is headquartered in Anchorage, Alaska. The bank provides its banking services through
The alleged practice of certain lending institutions of not making mortgage, home improvement, and small business loans in certain neighborhoods-usually areas that are deteriorating or considered by the lender to be poor investments.
Rate cuts by the Fed generally lead to a reduction in rates across the board. That equates to reductions in Treasury yields, reductions in the prime rate, reductions in bank savings rates and bank certificate of deposit interest rates. It also should lead to reductions in mortgage rates, auto loan rates and commercial loan rates.
Michigan has certainly seen its share of economic adversity in recent years. One bright spot in the economic morass is the financial returns offered by investing in the certificate of deposits found at Bank of Auburn Hills. Bank of Auburn Hills has three CDs with some of the highest interest rates for their terms. The
When shopping for a checking account, make sure that you avoid any headaches you may incur in the future by simply choosing free checking accounts. Banks will use a variety of savvy marketing techniques to get you as a customer. However, these accounts may not always be the best thing for your needs. If you
Bank certificate of deposit rates managed yet another week of declining yields. The best CD rates available nationally were lower across all CD maturities with the exception of the long term bank CDs which ended the week with a modest increase in the average interest rate.
The average of the best six month CD rates fell
The share price of mutual funds is based on their net asset value. Shares of mutual funds are bought and sold at the fund’s net asset value. The price that investors pay to purchase mutual fund is the approximate per share NAV, plus any fees that the fund imposes at purchase, such as sales loads
The concept describing the price at which mutual fund shareholders buy or redeem fund shares. Shareholders buying or redeeming shares after 4 pm must receive the next computed share price following the fund’s receipt of a shareholder transaction order.
Finding the best savings rates in Ohio has become a little easier. Peoples Community Bank, a West Chester, Ohio federally chartered savings bank is offering one of the best savings packages in Ohio. The bank has advertised this weekend in the Cincinnati Enquirer a tiered savings account yielding 4.00%. This account has a minimum deposit
Atlantic Stewardship Bank is a full service commercial bank in New Jersey. Atlantic Stewardship Bank provides personal, business, and online banking services. The bank services include personal and business checking accounts and time deposits, money market accounts and regular savings accounts.
Atlantic Stewardship Bank has a strong Christian foundation and the founders of the bank incorporated
Expedited Funds Availability Act (implemented by banking Regulation CC). It requires financial institutions to make deposits available within specific time frames, based on the location of the bank of deposit and where deposited checks are drawn.
The Kansas City Star Sunday issue on Nov. 9th, 2008 has an ad from Bank Midwest publicizes one of the best CD rates in Missouri. Bank Midwest promotes its 9 month certificate of deposit and 15 month certificate of deposit in the ad. The interest rate on the 9 month CD is 3.80% and the
Westminster is located in the northwestern most corner of South Carolina in Oconee County which is often referred to as the ‘Golden Corner.’ The name is given because of the climate, the beautiful lakes and the beauty of its Blue Ridge Mountains. Resting in the foothills of the Appalachian Mountains, Westminster is close to Lakes
CD interest rates took a pretty big fall this past week. Economic uncertainty combined with government debt problems in the U.S. and in Europe is the biggest dynamic influencing the direction of interest rates. Based on the most recent economic figures and Fed statements, a slow economy looks to be in the forecast for some
Universal Bank is a California bank headquartered in West Covina, California. The bank offers personal and commercial banking services that include a full range of financial services such as real estate investment loans, home loans, small business loans, money market accounts, certificates of deposits and other investment depository accounts.
Universal Bank was founded in 1954. Universal
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