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IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION

 
Anonymous Coward
User ID: 758264
United States
08/28/2009 06:23 PM
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IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION
It's Failed Bank Friday - August 28th edition....live from:


[link to www.fdic.gov]

Allow me to present our first contestant of the night - Bradford Bank in Baltimore Maryland. Well, I guess you could say that they are now known as M&T Bank of NY.


Failed Bank Information
-------------------------------------------------------------​-------------------
Information for Bradford Bank, Baltimore, MD
I.Introduction
II.Press Release
III.Acquiring Financial Institution
IV.Question and Answer Guide
En Español
V.Banking Services
VI.Loan Customers
VII.Possible Claims Against the Failed Institution
VIII.Priority of Claims
IX.Dividend Information
X.Brokered Deposits
Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
I. Introduction
On Friday, August 28, 2009, Bradford Bank, Baltimore, MD was closed by the Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.

Back to top
II. Press Release
The FDIC has issued a press release (PR-155-2009) about the institution's closure. If you represent a media outlet and would like information about the closure, please contact LaJuan Williams-Dickerson at
1-202-898-3876.
Back to top
III. Acquiring Financial Institution
All deposit accounts have been transferred to Manufacturers and Traders Trust Company (M&T Bank), Buffalo, NY ("assuming institution") and will be available immediately. On Saturday, August 29, 2009, the former Bradford Bank locations will reopen as branches of M&T Bank.
Your transferred deposits will be separately insured from any accounts you may already have at M&T Bank for six months after the failure of Bradford Bank. Checks that were drawn on Bradford Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account. For more information on deposit insurance, you may speak to an FDIC representative regarding deposit insurance by calling 1-800-640-2693 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.

EDIE - FDIC's Electronic Deposit Insurance Estimator

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with M&T Bank as long as the deposits are not pledged as collateral for loans. You may view more information about M&T Bank by visiting their web site.

M&T Bank (www.mtb.com)

Back to top
V. Banking Services
The Automated Teller Machines (ATM) and online service will remain available.
As of Saturday, August 29, 2009, you may continue to use the services to which you previously had access, such as safe deposit boxes, night deposit boxes, wire services, etc.

Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s) as if no change had occurred. Your new bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office. An account representative will clear up any confusion about the validity of your checks.

All interest accrued through Friday, August 28, 2009, will be paid at your same rate. M&T Bank will be reviewing rates. You will be notified of any changes.

Your automatic direct deposit(s) and/or automatic withdrawal(s) will be transferred automatically to your new bank. If you have any questions or special requests, you may contact a representative of your assuming institution at your branch office.

Back to top
VI. Loan Customers
If you had a loan with Bradford Bank, you should continue to make your payments as usual. The terms of your loan will not change, because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice. If you have further questions regarding an existing loan, please contact your loan officer.
For all questions regarding new loans and the lending policies of M&T Bank, please contact your branch office.

Please see A Borrower’s Guide to an FDIC Insured Bank Failure for additional information.

Back to top
VII. Possible Claims Against the Failed Institution
If you or your company provided a service or product, leased space, furniture, or equipment to Bradford Bank after Friday, August 28, 2009 and have not been paid you do not have a claim against Bradford Bank. Please follow your normal billing procedures by providing an invoice as instructed.

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to Bradford Bank prior to August 28, 2009 and have not been paid you may be entitled to a claim against the bank. If you provided a product to or a service for Bradford Bank prior to the bank's failure for which you have not been paid and you have not received communication, please contact:



Federal Deposit Insurance Corporation
Receiver: Bradford Bank
1601 Bryan Street
Dallas, Texas 75201
Attention: Claims Agent


All shares of Bradford Bank were owned by its holding company. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of the holding company, please do not contact or file a claim with the Receiver. You may contact the holding company directly for information at:

6900 York Road
Baltimore, MD 21212

Back to top
VIII. Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
1.Depositors
2.General Unsecured Creditors
3.Subordinated Debt
4.Stockholders

Back to top
IX. Dividend Information
No dividends have been declared at this time.
Dividend Information on Failed Financial Institutions

Back to top
X. Brokered Deposits
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance coverage on custodial accounts deposited in a failed FDIC Insured Institution.
Deposit Broker's Processing Guide

Back to top
General Disclaimer





Last Updated 08/28/2009 cservicefdicdal@fdic.gov
Anonymous Coward
User ID: 758477
Argentina
08/28/2009 06:25 PM
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Re: IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION
no bank hooliday yet.
Anonymous Coward (OP)
User ID: 758264
United States
08/28/2009 07:10 PM
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Re: IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION
And...contestant number 2......Mainstreet Bank from Forest Lake Minnesota.....or should we say Central Bank of Stillwater Minnesota.....

[link to www.fdic.gov]

Failed Bank Information
-------------------------------------------------------------​-------------------
Information for Mainstreet Bank, Forest Lake, MN
I.Introduction
II.Press Release
III.Acquiring Financial Institution
IV.Question and Answer Guide
V.Banking Services
VI.Loan Customers
VII.Possible Claims Against the Failed Institution
VIII.Priority of Claims
IX.Dividend Information
X.Brokered Deposits
Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
I. Introduction
On Friday, August 28, 2009, Mainstreet Bank, Forest Lake, MN was closed by the Minnesota Department of Commerce, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.

Back to top
II. Press Release
The FDIC has issued a press release (PR-156-2009) about the institution's closure. If you represent a media outlet and would like information about the closure, please contact LaJuan Williams-Dickerson at
1-202-898-3876.
Back to top
III. Acquiring Financial Institution
All deposit accounts, excluding certain brokered deposits, have been transferred to Central Bank, Stillwater, MN ("assuming institution") and will be available immediately. On Saturday, August 29, 2009, the former Mainstreet Bank locations will reopen as branches of Central Bank.
Your transferred deposits will be separately insured from any accounts you may already have at Central Bank for six months after the failure of Mainstreet Bank. Checks that were drawn on Mainstreet Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account. For more information on deposit insurance, you may speak to an FDIC representative regarding deposit insurance by calling 1-800-405-7869 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.

EDIE - FDIC's Electronic Deposit Insurance Estimator

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Central Bank as long as the deposits are not pledged as collateral for loans. You may view more information about Central Bank by visiting their web site.

Central Bank (www.centralbnk.com)

Back to top
V. Banking Services
The Automated Teller Machines (ATM) and online service will remain available.
As of Saturday, August 29, 2009, you may continue to use the services to which you previously had access, such as safe deposit boxes, night deposit boxes, wire services, etc.

Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s) as if no change had occurred. Your new bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office. An account representative will clear up any confusion about the validity of your checks.

All interest accrued through Friday, August 28, 2009, will be paid at your same rate. Central Bank will be reviewing rates. You will be notified of any changes.

Your automatic direct deposit(s) and/or automatic withdrawal(s) will be transferred automatically to your new bank. If you have any questions or special requests, you may contact a representative of your assuming institution at your branch office.

Back to top
VI. Loan Customers
If you had a loan with Mainstreet Bank, you should continue to make your payments as usual. The terms of your loan will not change, because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice. If you have further questions regarding an existing loan, please contact your loan officer.
For all questions regarding new loans and the lending policies of Central Bank, please contact your branch office.

Please see A Borrower’s Guide to an FDIC Insured Bank Failure for additional information.

Back to top
VII. Possible Claims Against the Failed Institution
If you or your company provided a service or product, leased space, furniture, or equipment to Mainstreet Bank after Friday, August 28, 2009 and have not been paid you do not have a claim against Mainstreet Bank. Please follow your normal billing procedures by providing an invoice as instructed.

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to Mainstreet Bank prior to Friday, August 28, 2009 and have not been paid you may be entitled to a claim against the bank. If you provided a product to or a service for Mainstreet Bank prior to the bank's failure for which you have not been paid and you have not received communication, please contact:

Federal Deposit Insurance Corporation
Receiver: Mainstreet Bank
1601 Bryan Street
Dallas, Texas 75201
Attention: Claims Agent

All shares of Mainstreet Bank were owned by its holding company, BancMidwest Corporation, St. Paul, Minnesota. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of BancMidwest Corporation, please do not contact or file a claim with the Receiver. You may contact BancMidwest Corporation directly for information at:

BancMidwest Corporation
360 Robert Street North, Suite 700
Saint Paul, MN 55101
1-651-222-3081

Back to top
VIII. Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
1.Depositors
2.General Unsecured Creditors
3.Subordinated Debt
4.Stockholders

Back to top
IX. Dividend Information
No dividends have been declared at this time.
Dividend Information on Failed Financial Institutions

Back to top
X. Brokered Deposits
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance coverage on custodial accounts deposited in a failed FDIC Insured Institution.
Deposit Broker's Processing Guide
Anonymous Coward (OP)
User ID: 758264
United States
08/28/2009 07:18 PM
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Re: IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION
Just asking - since I am providing links and all information for each bank failure today - can we get this pinned so it is easier to find and refence. Thanks.
Anonymous Coward (OP)
User ID: 758264
United States
08/28/2009 09:27 PM
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Re: IT'S FAILED BANK FRIDAY - AUGUST 28TH EDITION
And for contestant number 3....all the way from sunny Ventura California....it's Affinity Bank - now known as Pacific Western Bank of San Diego California.


Failed Bank Information
-------------------------------------------------------------​-------------------
Information for Affinity Bank, Ventura, CA
I.Introduction
II.Press Release
III.Acquiring Financial Institution
IV.Question and Answer Guide
V.Banking Services
VI.Loan Customers
VII.Possible Claims Against the Failed Institution
VIII.Priority of Claims
IX.Dividend Information
X.Brokered Deposits
Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.
I. Introduction
On Friday, August 28, 2009, Affinity Bank, Ventura, 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.
The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.

Back to top
II. Press Release
The FDIC has issued a press release (PR-157-2009) about the institution's closure. If you represent a media outlet and would like information about the closure, please contact LaJuan Williams-Dickerson at
1-202-898-3876.
Back to top
III. Acquiring Financial Institution
All deposit accounts, excluding certain brokered deposits, have been transferred to Pacific Western Bank, San Diego, CA ("assuming institution") and will be available immediately. On Saturday, August 29, 2009, the former San Francisco and San Mateo Offices of Affinity Bank locations will reopen as branches of Pacific Western Bank. On Monday, August 31, 2009, all other bank locations will reopen as branches of Pacific Western Bank.
Your transferred deposits will be separately insured from any accounts you may already have at Pacific Western Bank for six months after the failure of Affinity Bank. Checks that were drawn on Affinity Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account. For more information on deposit insurance, you may speak to an FDIC representative regarding deposit insurance by calling 1-800-640-2631 or visit EDIE, the FDIC's Electronic Deposit Insurance Estimator.

EDIE - FDIC's Electronic Deposit Insurance Estimator

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Pacific Western Bank as long as the deposits are not pledged as collateral for loans. You may view more information about Pacific Western Bank by visiting their web site.

Pacific Western Bank (www.pacificwesternbank.com)

Back to top
V. Banking Services
The Automated Teller Machines (ATM) and online service will remain available.
Service hours for the former branches of Affinity Bank will remain the same. The San Francisco and San Mateo offices will reopen on Saturday, August 29, 2009, and all other branches will reopen on Monday, August 31, 2009. The services to which you previously had access, such as, safe deposit boxes, night deposit boxes, wire services, etc., will be available as if no change had occurred.

Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s) as if no change had occurred. Your new bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office. An account representative will clear up any confusion about the validity of your checks.

All interest accrued through Friday, August 28, 2009, will be paid at your same rate. Pacific Western Bank will be reviewing rates. You will be notified of any changes.

Your automatic direct deposit(s) and/or automatic withdrawal(s) will be transferred automatically to your new bank. If you have any questions or special requests, you may contact a representative of your assuming institution at your branch office.

Back to top
VI. Loan Customers
If you had a loan with Affinity Bank, you should continue to make your payments as usual. The terms of your loan will not change, because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice. If you have further questions regarding an existing loan, please contact your loan officer.
For all questions regarding new loans and the lending policies of Pacific Western Bank, please contact your branch office.

Please see A Borrower’s Guide to an FDIC Insured Bank Failure for additional information.

Back to top
VII. Possible Claims Against the Failed Institution
If you or your company provided a service or product, leased space, furniture, or equipment to Affinity Bank after Friday, August 28, 2009 and have not been paid you do not have a claim against Affinity Bank. Please follow your normal billing procedures by providing an invoice as instructed.

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to Affinity Bank prior to Friday, August 28, 2009 and have not been paid you may be entitled to a claim against the bank. If you provided a product to or a service for Affinity Bank prior to the bank's failure for which you have not been paid and you have not received communication, please contact:

Federal Deposit Insurance Corporation
Receiver: Affinity Bank
40 Pacifica, Suite 1000
Irvine, CA 92628
Attention: Claims Agent


All shares of Affinity Bank were owned by its holding company, Affinity Bank Holdings, Inc., Ventura, CA. The holding company was not included in the closing of the bank or the resulting receivership. If you are a shareholder of Affinity Bank Holdings, Inc., please do not contact or file a claim with the Receiver. You may contact Affinity Bank Holdings, Inc. directly for information at:
Affinity Bank Holdings, Inc.
101 South Chestnut Street
Ventura, CA 93001



Back to top
VIII. Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:
1.Depositors
2.General Unsecured Creditors
3.Subordinated Debt
4.Stockholders

Back to top
IX. Dividend Information
No dividends have been declared at this time.
Dividend Information on Failed Financial Institutions

Back to top
X. Brokered Deposits
The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele. This site outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance coverage on custodial accounts deposited in a failed FDIC Insured Institution.
Deposit Broker's Processing Guide

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