Three Florida Banks, Four Elsewhere Fail Today, Pushing Bank Failure Total In 2009 To 106

Seven banks failed in the United States today, including three in Florida, one in Georgia, one in Minnesota, one in Wisconsin and one in Illinois.

Two of the failed Florida banks were in Naples. The third was in Bradenton, about 120 miles north of Naples. Both cities are situated in Gulf Coast counties. Two other Bradenton banks failed last year. Two banks in nearby Sarasota County, another Gulf Coast county, failed earlier this year.

The three Florida banks that failed today were identified by the Federal Deposit Insurance Corp. as Partners Bank of Naples, Hillcrest Bank Florida of Naples, and Flagship National Bank of Bradenton.

Nine Florida banks have failed in 2009.

The FDIC identified the other failed banks today as America United Bank of Lawrenceville, Ga; Riverview Community Bank of Otsego, Minn; Bank of Elmwood of Racine, Wisc; and First DuPage Bank of Westmont, Ill.

Deposits in the banks are insured, and each of the banks will remain open with new ownership.

Today’s bank failures pushed the U.S. total to 106 in 2009, up from 25 in 2008 and three in 2007.

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2 Responses to “Three Florida Banks, Four Elsewhere Fail Today, Pushing Bank Failure Total In 2009 To 106”

  1. It’s a shame that the mean, evil, Gestapo U.S. Attorney seized ASD’s assets and shut them down. ASD could have saved all these banks from failure by merely advertising with ASD. Heck, ASD could have solved our national debt problems too. All these banks, the car companies, the brokerage houses, the mortgage companies, AIG, and healthcare providers could have all been saved if they could have only advertised with ASD.

    Maybe that’s why Bob G. went to Washington is to explain to the feds what a golden opportunity they missed by not having all these industries advertising with ASD. I’m sure that Bob would have made a great Czar of Finance thus saving the country from financial ruin.

    Sorry, the refried beans gave me gas and it clouded my brain there for a few moments. Having passed the gas, I feel much better now. Only problem is I have to repaint the living room tomorrow, and replace some plants.

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  2. Hi Lynn,

    Lynndel Edgington: It’s a shame that the mean, evil, Gestapo U.S. Attorney seized ASD’s assets and shut them down. ASD could have saved all these banks from failure by merely advertising with ASD. Heck, ASD could have solved our national debt problems too. All these banks, the car companies, the brokerage houses, the mortgage companies, AIG, and healthcare providers could have all been saved if they could have only advertised with ASD.

    One of my oldest print clients filed Chapter 11 this month, citing a revenue plunge that caused a liquidity crisis.

    Only days earlier, another longtime print client announced a huge restructuring, citing a plunge in revenue.

    These events, of course, followed on the heels of other dramatic events in print publishing — bankruptcies, closures, switches to a Web-only model, attempts to see if readers will pay for online news.

    All of these companies have professional writers, editors, designers and ad salespeople who know advertising inside and out and through and through. All of them have major awards that actually are real and websites that get enormous traffic.

    All of them could have leveraged their existing strengths on both the content and sales sides to implement the autosurf “model” — and clean up, for both themselves and their millions of readers, all of whom could have become members of the publisher-sponsored surfs.

    If the surf promoters are to be believed, that is.

    None of them apparently believed the surf promoters. Perhaps it’s because they read the headlines about ASD, CEP, PhoenixSurf, etc.

    Or perhaps they saw “rebates aren’t guaranteed” for what it is: an excuse to collect money by promising or suggesting a payout that later morphs into a license to steal if the Ponzi becomes unbearable mathematically or emotionally or they simply want to close up shop.

    Perhaps they heard about MegaLido or AVG or AdGateWorld or listened to Andy Bowdoin’s recording that the Secret Service transcribed — the recording in which he tells members the government seized THEIR money, after he told a federal judge the government seized HIS money.

    Or maybe they read the ASD-Biz forum, which this week notably reported this gem of a Ponzi sign-off, under a headline of “The “TEETH GNASHING ” of a serial ponzi promoter”:

    “I tried all my best to avoid this things to happened, but now is too late ……….. AdRebatesPro and AdsDailyPro are dead ……… unfortunately
    I saw members posted that there were money coming lately, indeed, money which was redirected for old cashout requests, trying to bring them up to date ….. almost was able but many members filled complaints on payment processors, and alertpay blocked the account, destroying my willing to pay all members, trying to bring up to date, or at least up to terms ( 2 business days ) for cashouts …….

    Maybe you are asking what can be done ?
    I didn’t slept in the latest week, thinking what I can do to reinvigorate the programs, what can be done to put them back on track ………
    What can be done?????? Nothing, without the cooperation of my members there is nothing to be done. Every members who got paid lately, simply runned away leaving the ‘corpse’ in the sand.”

    http://asd-biz.ning.com/forum/topics/the-teeth-gnashing-of-a

    In any event, it doesn’t appear as though any of the professional media companies or famous brands — from Facebook and Google to Drudge and The Seattle Post-Intelligencer — are even remotely interested in taking advantage of their enormous fame and enormous volume of website traffic to make extra tens or hundreds of millions.

    And this after Andy said he was going to create 100,000 millionaires in three years — or $100 billion worth of millionaires.

    Those publishing companies, flush with cash or struggling — and the 106 banks that have failed in the United States this year — sure could have used that money.

    Regards,

    Patrick

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