6 More Banks Closed

Looks like more banks are getting into trouble as of December 4, 2009 we have 5 more banks that were taken over by the FDIC.  As for right now there’s no worries about your money if you have funds in these banks because the FDIC Insurance will fund your account.  At least for now!  How long can the FDIC bailout these banks?  In a recent USA Today article the director of the FDIC stated that they had funds to insure that banks would be able to pay depositors their money even if they failed.

But in a later article posted in the Washington Post…stated that the FDIC was given a larger credit line to insure that they wouldn’t run out of funds.  As of early August 2009 the FDIC stated that they had $60 Billion dollars in reserve for bank failures.  We’ll since that time there have been 61 bank failures!  That’s 61 freak’in banks that have miss-used the funds of their depositors and the funds of the Federal Reserve.  (Which is our money).

Here’s a list of bank that recently closed this past Friday Dec. 4, 2009.  They always make the takeovers on Friday to get the banks back online by Monday.

Greater Atlantic Bank	Reston	VA	32583	December 4, 2009	December 4, 2009
Benchmark Bank	Aurora	IL	10440	December 4, 2009	December 4, 2009
AmTrust Bank	Cleveland	OH	29776	December 4, 2009	December 4, 2009
The Tattnall Bank	Reidsville	GA	12080	December 4, 2009	December 4, 2009
First Security National Bank	Norcross	GA	26290	December 4, 2009	December 4, 2009
The Buckhead Community Bank	Atlanta	GA	34663	December 4, 2009	December 4, 2009