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After the Treasury Department announced that it has provided an additional $4.7 billion to 92 banks as part of the government’s $700 billion rescue of the financial system the list of the banks receiving this aid has lengthened substantially.
The Treasury Department created the Capital Purchase Program, a part of the Troubled Asset Relief Program, to
A service that allows the customer to write checks for an amount over and above the amount in their checking account. The protection is an agreement with a bank or other financial institution to pay insufficient items in a checking account. Funds are generally transferred from their line of credit or other designated
The creator of a trust. Sometimes referred to as the donor.
The closing of our review found in the final paragraph sums up the analysis of this report succinctly by unmistakably concluding, the game is over and these homeowners have debt levels that are untenable.
The Comptroller of the Currency discussed a report on delinquency and default rates on mortgages that have already been modified. These are
Mutual fund fees have two basic categories of costs. Shareholder fees that would include the costs funds charge when shares are purchased or redeemed. In addition, all funds will have operating expenses, which represent the costs of running the fund. A mutual fund’s fees and expenses are required by law to be clearly disclosed to
Treasury rates inched down slightly at the close of Friday on September 11, 2009. Six month Treasuries were unchanged with a yield of 0.21%. The one year Treasury dropped by one basis point or 1/100 of a percent to close with a yield of 0.39%. The five year Treasury was also unchanged at 2.29% while
A bank CD is a great savings vehicle with high returns and virtually no risk, regardless of the amount you choose to invest as long as the amount remains under the maximum covered by the FDIC. Before investing in a CD there are several points that an investor should consider. Just like any other type
A self directed IRAs at an FDIC insured bank can be a valuable resource in personal financial planning. An IRA can hold a certificate of deposit and be insured up to $250,000.00 instead of the individual FDIC insurance limit of $100,000.00. You can be complete control of these funds and direct the type and maturity
Cole Taylor Bank, one of the top ten largest banks based in Illinois, is currently running several CD rate promotions. The promotional bank CDs are available for a limited time and while Cole Taylor bank is a Federal Reserve member bank, the CDs are marketed and made available to Illinois residents only. The bank CD
Bank CD rates continued to show some downward pressure from slow economic growth abroad and geopolitical tensions in select hot points in Eastern Europe and the Middle East. The downward pressure offsets underlying forces that should start to push CD rates higher. Upward pressures sitting under the interest rate market includes the Fed’s reduction in
The Old Point National Bank is a full service community bank located in Virginia. Old Point National Bank has been FDIC insured since January 1, 1934. The bank has 20 banking locations throughout Hampton Roads. For the non-Virginians, Hampton Roads is the name of both a body of water and the area of land that
Weymouth Bank is a state-chartered mutually owned institution chartered in 1889 under the laws of the Commonwealth of Massachusetts. Weymouth Bank serves customers throughout the South Shore of Massachusetts. The bank is a federally insured bank and is also insured by the Share Insurance Fund of the Co-operative Central Bank. Weymouth Bank has been FDIC
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Institutional money funds are designed primarily for institutional investors. Institutional money market funds that are used by businesses, pension funds, state and local governments, and a variety of other large investors. Small, midsize, and even some larger corporations also use money market funds for cash management purposes. Small and medium-sized bank trust departments which use
If a person does not have overdraft protection, each time a check is bounced, they must pay an NSF (Nonsufficient Funds Fee). This is usually $35 per check, an amount that can significantly add up if the bouncing is done numerous amounts of times. And this happens whether the check bounced is $1,000
The value of bank CDs is that regardless of fluctuations in the market, the certificate of deposit earns one of the highest interest rates possible under FDIC insurance protection. For many consumers and investors, there’s a real financial opportunity hidden in that extra cash they may have sitting around until it has to be used
Meadows Bank is Nevada based bank. Meadows Bank has one location right in Las Vegas, Nevada. The bank offers products and services customized to meets customers’ financial needs. Meadows Banks has a local relationship based approach to banking focuses on making decisions on accounts locally for its customers. The bank offers checking, savings, CDs, money
Interest rates held steady at the close of Monday September 22, 2009. Treasury rates mostly ran in place, ending the day where they started.
The three month Treasury showed some life by rising three basis points or 3/100 of a percent, however the three month had dropped on Friday when other short term Treasuries held steady.
NOVA Financial Holdings, Inc is a multiple bank holding company that operates two wholly owned subsidiaries, Pennsylvania Business Bank and NOVA Bank. As a registered bank holding company and is subject to regulation and supervision by the Board of Governors of the Federal Reserve System.
On November 10, 2008 NOVA Financial Holdings completed the merger with
An amount owed under a court order.