Banks are Still Failing

Maybe you’ve read that nine more banks failed last Friday, including two Illinois banks. That makes 19 for Illinois and 115 nationwide in 2009 so far.

Prior to the collapse of nearly 85% of the failed banks this year, major public enforcement actions were handed down by the Federal Insurance Deposit Corporation (FDIC), the Office of the Currency Comptroller (OCC), or the Office of Thrift Supervision (OTS). These actions are listed online and are eminently searchable in a variety of ways.

FDIC is an independent agency charged with maintaining stability in the U.S. banking system. Its enforcement search form is here.

OCC regulates all national banks and federal branches of foreign banks. It is a division of the U.S. Department of the Treasury. Click here for OCC enforcement actions.

OTS supervises savings associations and their holding companies. It is a division of the U.S. Department of the Treasury. Find its enforcement search function here.

Let us know if you find anything interesting.