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Bank Ratings and Bank Failures June 8 2012

  
  
  
  
piggy bankOn Friday June 8, the FDIC was named receiver for Waccamaw Bank (NC), Farmers and Traders State Bank (IL), Carolina Federal Savings Bank (SC), and First Capital Bank (OK).

A link to our bank ratings report is shown below.

Waccamaw Bank

Farmers and Traders State Bank

Carolina Federal Savings Bank

First Capital Bank

As is typical, an examination of the financial position of these banks indicates well below normal capital levels and well above normal noncurrent loans. 

You can learn more about our bank ratings system, including video tutorials, on our website.

Photo provided by Nina Matthews Photography