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On May 14, 2010 the FDIC added four more banks to the growing list of failed banks in 2010. The four banks this week that that had the FDIC appointed as receiver included; Southwest Community Bank in Missouri, New Liberty Bank in Michigan, Satilla Community Bank in Georgia and Midwest Bank and Trust in
Watertown Savings Bank is an independent mutual savings bank based in Watertown, Massachusetts. The bank was established on April 18, 1870. Watertown Savings Bank has been FDIC insured since January 2, 1981. Watertown Savings Bank is chartered as a FDIC Savings Bank. Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). At the
McLean Mortgage Corporation is an independent mortgage lender based in Fairfax, Virginia. The company was founded in 2008 and is now one of the top 100 largest mortgage lenders in the nation. McLean Mortgage is a full service mortgage lender with branch offices in Fairfax, Bedford, Fair Lakes, Lynchburg and Virginia Beach, Virginia; as well
The number used to identify an individual or entity for federal income tax purposes.
Yes, deposit insurance coverage can actually be increased if the accounts are held in different categories of ownership. These categories include single accounts, retirement accounts, joint accounts and revocable trust accounts. The accounts must be distinctly, different owned accounts.
The period of time and the interest rate arranged between creditor and debtor to repay a loan.
In most normal interest rate markets, longer term CDs should pay a better interest rate than shorter term bank CDs. However in some markets the rate spread between bank CDs with long term maturities and short term maturities can be inconsequential or even reversed. The most common cause for finding some short term CD rates
Mortgage rates moved up at the start of the week as long term interest rates have broken a prolonged down trend and header higher, however mortgage rates starting heading lower once again as the this week is drawing to a close.
Lower home mortgage interest rates are running counter to the tide of long
A financial institution has a variety of people who can help you with different banking services. Understanding the jobs of these bank workers will allow you to know who you should talk to when you go to the bank. The customer service representative is often the first bank employee a customer comes in
The amount per share that mutual fund shareholders receive when they cash in shares. The value of a fund’s shares on any given day depends on the current market value of its underlying investment portfolio at that time.
A checking account associated with a line of credit that allows a person to write checks for more than the actual balance in the account, generally with a finance charge on the overdraft.
The top mortgage lenders in South Carolina are listed with a summary of the home loan programs available in SC, the locations and mortgage lender contact information. The list includes the largest mortgage lenders operating in South Carolina. Mortgage loans covered by the mortgage companies includes fixed rate mortgages, adjustable rate mortgages, FHA mortgages in
CapitalSource Bank is headquartered in Pasadena, California. CapitalSource Bank was launched in July, 2008. The bank purchased the 22 branches of Fremont Investment and Loan. CapitalSource Bank is a wholly owned subsidiary of CapitalSource, Inc. CapitalSource, is a commercial finance company with more than $3 billion in capital and nearly $20 billion in assets. According
Intervest National Bank is owned by the financial holding company Intervest Bancshares Corporation. Intervest Bancshares primarily engages in banking and real estate lending businesses. Along with Intervest National Bank, Intervest Bancshares Corporation also owns Intervest Mortgage Corporation, a mortgage investment Company. The company was founded in 1993. The bank headquarters are located at One Rockefeller
Bank CD rates had mixed results for the week ending October 2, 2009. Short terms CD rates were lower while midterm CD rates were higher and the longer term CD rates were unchanged. While bank CD rates moved very little in total, Treasury rates continued to move lower for the week with the one year
The development of automated teller machines has probably changed banking more than any other financial service or product in the past decade. An ATM allows customers to do many banking transactions 24 hours a day without the need of human interaction or a large physical building. To use an ATM, a customer simply
Yes. Most banks use fingerprinting as a security measure and a way to combat fraud. Federal banking laws and regulations do not prohibit national banks from requesting that you provide a fingerprint to cash a check.
On January 16, the second bank failure of the year took place. Bank of Clark County was closed on Friday by Washington State regulators, and the FDIC was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon, to assume the insured deposits of the
1st Colonial National Bank is a full service bank that provides commercial and consumer financial services to businesses and individuals within southern New Jersey and surrounding areas. The bank’s main office is located in Collingswood, New Jersey. 1st Colonial National Bank offers a variety of core consumer products.
1st Colonial National Bank deposit services include business
CD rates at the nation’s banks were little changed for the week ending July 8, 2011. The average rate on the top CD rates available nationally inched just negligibly on the week. The Selectcdrates.com index of the highest CD rates for the three month, six month, one year, two year and five year CD terms