California National Bank and its eight sister banks were seized Friday by the Federal Deposit Insurance Corporation (FDIC). The banks that were seized were all owned by FBOP Corporation.

On Friday, federal regulators shut down Partners Bank in Florida. With that, bank closings for 2009 have reached 100.

How's this for irony? The Federal Deposit Insurance Corporation, which comes into play when a bank fails and insures the funds of the customers of said bank, may be requesting its own bailout, from banks.

More U.S. banks are likely to fail this year and next under the weight of bad commercial real estate loans, FDIC Chairwoman Sheila Bair said tonight in an interview on CNBC.

Colonial BancGroup Inc. became the largest bank failure this year after the Federal Deposit Insurance Corporation seized the struggling Alabama-based lender Friday and sold it to BB&T Corp.

FDIC creates a Deposit Insurance National Bank to facilitate the resolution of New Frontier Bank, Greeley, Colorado. Bank of the West to provide remporary operational management.

Cape Fear Bank is closed today ending its operations. According to Bloomberg Cape Fear Bank is the 22nd bank in USA that was shot down in 2009.

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990.

The Federal Deposit Insurance Corporation (FDIC) today announced the conclusion of the sale of $1.45 billion of performing and nonperforming residential and commercial construction loans in distressed markets through the use of two private/public partnership transactions.

On November 7, 2008, Security Pacific Bank, Los Angeles, CA was closed by the California Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.