The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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The WSJ Best Nonfiction of 2013
– online.wsj.com
The year’s best nonfiction took us from colonial New England to World War II Europe, from Bach’s Leipzig to Margaret Thatcher’s Britain. They explained physics, faith, Texas barbecue and even how to fix the banks.
Regulators shutter small bank in Texas; brings this year’s US bank failures to 24
– canadianbusiness.com
WASHINGTON – Regulators have closed a small bank in Texas, bringing the number of U.S. bank failures to 24 this year.
The Federal Deposit Insurance Corp. said Friday it has taken over Texas Community Bank NA, based in The Woodlands, Texas.
The lender, which operated two branches, had about $160.1 million in assets and $142.6 million in deposits as of Sept. 30.
Spirit of Texas Bank SSB, based in College Station, Texas, agreed to assume all of Texas Community Bank’s deposits and to buy $147.9 million of the failed bank’s assets.
The FDIC is retaining the remaining assets for later disposition.
The failure of Texas Community Bank is expected to cost the deposit insurance fund $10.8 million.
The lender is the second FDIC-insured institution to fail in Texas this year. In September, it shuttered First National Bank, based in Edinburg, Texas.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under…
The Federal Deposit Insurance Corp. said Friday it has taken over Texas Community Bank NA, based in The Woodlands, Texas.
The lender, which operated two branches, had about $160.1 million in assets and $142.6 million in deposits as of Sept. 30.
Spirit of Texas Bank SSB, based in College Station, Texas, agreed to assume all of Texas Community Bank’s deposits and to buy $147.9 million of the failed bank’s assets.
The FDIC is retaining the remaining assets for later disposition.
The failure of Texas Community Bank is expected to cost the deposit insurance fund $10.8 million.
The lender is the second FDIC-insured institution to fail in Texas this year. In September, it shuttered First National Bank, based in Edinburg, Texas.
U.S. bank failures have been declining since they peaked in 2010 in the wake of the financial crisis and the Great Recession.
In 2007, only three banks went under…
