3 Simple Steps To Learn How To Buy Bitcoin

Buying bitcoin is easy. There are some simple steps you need to follow to get started with how to buy bitcoin.

Step one, buying bitcoin is having your own account. When you create an account, you get a digital wallet instantly. Once you’ve logged in, click the ‘buy bitcoin’ button on top of the site. Enter the amount you are willing to pay in your local currency and select your payment method. From gift cards to bank transfers, surely you’ll find an option that best fits you.

When all that is done, click search and the offers page will open. Here you can see the list of vendors and their details like username, country, amount of positive feedback, and payment method.

Find an offer you like and click buy. This will lead you to an individual offer page. Once you read through the seller’s offer terms, enter the amount of bitcoin you wish to buy and click BUY. This will open trade with the instructions and the chatbox.

When a trade starts, the seller’s bitcoins are transferred automatically to Paxful’s secure escrow and at this point, the seller can’t cancel the trade. Only a buyer can cancel a trade at any moment and bitcoins will be transferred from escrow back to the seller’s wallet.

Follow all the instructions for a successful trade. Send the required files, documents, and make a payment. Once all these are done, click the “I HAVE PAID” button. If the buyer hasn’t made a payment and is not marked as the payment completed within the payment window time frame, the trade will be canceled and bitcoins are moved back to the seller’s wallet.

When both the buyer and the seller have verified that the transaction has been confirmed and all the terms have been met, the money will be released in your wallet.

Now, you have acquired your first bitcoin!

So that’s how you get involved with starting to purchase Bitcoin and other cryptocurrencies. That may be the easiest way to go. It’s the most popular one with plenty of volumes, plenty of liquidity meaning, plenty of buyers and sellers. You don’t have to worry about running out anytime soon of buyers and sellers when it comes to Bitcoin

Ontario Votes 2007: Interview with Green candidate Jim Reeves, York-Simcoe

Monday, October 1, 2007

Jim Reeves is running for the Green Party of Ontario in the Ontario provincial election, in the York-Simcoe riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Retrieved from “https://en.wikinews.org/w/index.php?title=Ontario_Votes_2007:_Interview_with_Green_candidate_Jim_Reeves,_York-Simcoe&oldid=527081”
Posted in Uncategorized

Automobile sales in the United States down sharply

Tuesday, February 3, 2009

Sales of automobiles in the United States fell as much as 35% in January, compared to the same month a year ago, as manufacturers reported their January sales.

Ford Motor Company NYSEF sales dropped 42% last month from the previous year. General Motors NYSEGM reported a 49% decline. Chrysler was hardest hit among the domestically owned manufacturers with a plunge of 55%.

The decline in sales has not been limited to just US manufacturers. Japanese automaker Toyota NYSETM reported a 32% drop in US sales from a year earlier, Nissan MotorsNASDAQNSANY dropped 30%, and Honda NYSEHMC sales dropped 28%.

Subaru and South Korean Hyundai Motor Company LSEHYUD were two of the few auto firms that reported an increase in sales. They posted gains of eight and fourteen percent, respectively.

On an annual basis, sales overall have also been plummeting. Industry-wide US car sales dropped 18% last year to 13.2 million automobiles.

GM announced today that it will offer voluntary buyouts to 22,000 employees in the US, in an effort to reduce its expenditures.

Last month, GM and Chrysler were given loans worth US$17.4 billion from the government after they warned of imminent bankruptcy.

Retrieved from “https://en.wikinews.org/w/index.php?title=Automobile_sales_in_the_United_States_down_sharply&oldid=4365302”
Posted in Uncategorized

Sevilla signs Sirigu on loan from Paris SG

Monday, August 29, 2016

On Friday, French capital football club Paris Saint-Getmain announced they loaned Italian goalkeeper Salvatore Sirigu to Spanish club Sevilla F.C. till the season end.

29-year-old Sirigu started his career in Italy and joined the Parisians five years ago, in 2011. After playing 60 Serie A matches from 2009 to 2011, Sirigu became the first-choice goalkeeper at PSG for four years, playing 145 matches.

In five seasons at Parc des Princes, Sirigu has won four consecutive Ligue 1 titles, three Trophée des Champions, three Coupe de la Ligue, and two Coupe de France. Sirigu has played seventeen international matches, debuting in 2010.

Last season, German goalkeeper Kevin Trapp joined PSG and became their first-choice keeper. Lacking playing time with PSG, Sirigu signed the contract with Sevilla on Friday, after passing the medical tests hours before.

Per the agreement between the clubs, PSG has not included an option for Sevilla to buy the player.

Retrieved from “https://en.wikinews.org/w/index.php?title=Sevilla_signs_Sirigu_on_loan_from_Paris_SG&oldid=4344668”
Posted in Uncategorized

How To Choose Electrical Contractors In Salt Lake City Ut

byAlma Abell

Even the most dedicated DIY homeowners are wise enough to turn electrical work over to professionals. However, choosing Electrical Contractors in Salt Lake City UT can seem like a confusing job, with so many companies available. The task is much easier when you know what to look for. Quality professionals, such as Atom Electric, Inc., offer benefits that include:

*EMERGENCY SERVICE: The best Electrical Contractors in Salt Lake City UT respond to emergencies 24/7. They are aware that electrical emergencies cause inconvenience, or even health problems, so they offer 1 hour response times. Technicians are trained and equipped to diagnose and repair dozens of problems on the spot.

*FREE ESTIMATES: Your contractor should offer free estimates for large and small jobs. They should be willing to estimate residential, industrial, and commercial jobs.

*LIGHTING: Electrical Contractors in Salt Lake City UT should be able to help you design lighting for your new home, or for renovations. Technicians will be able to rewire and upgrade entire systems, including pool and landscape lighting. Professionals can retrofit lighting in older homes.

*SAFETY UPGRADES: Professionals are able to evaluate, diagnose, and repair unsafe electrical service. This includes upgrading panels, cables, breakers, meters, and more. They can find and correct fire hazards, and ensure that all work is up to current codes. Contractors are able to replace aluminum wiring with a safer copper replacement. Electricians should be able to safely work with a range of voltages, including 120/208, and 277/280.

*DIVERSE SKILLS: The best Electrical Contractors in Salt Lake City UT offer a wide range of services that include phone, data, and TV cable installation. They can install dedicated computer circuitry that protects against power outages. Technicians will hook up pools and spas, and make sure that they are safe to use. They offer expert installation of Co2 and smoke detectors. In addition, experts can diagnose and repair a variety of motors.

When you need electrical work done, it is important to choose a contractor that offers free estimates, emergency help, and a wide range of services. They should be able to install, diagnose, and repair electrical services, as well as find and correct safety issues.

Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

Retrieved from “https://en.wikinews.org/w/index.php?title=Iranian_International_Master_Dorsa_Derakhshani_discusses_her_chess_career_with_Wikinews&oldid=4583918”
Posted in Uncategorized

Thirteen dead, several wounded in Fort Hood, Texas shooting

Thursday, November 5, 2009

The United States Army has confirmed that thirteen people have been killed after a shooting rampage at the Fort Hood army base in Texas. An additional thirty are reported wounded, and the gunman is in stable condition after being shot by military police. Two other soldiers are in detention.

The incident took place at a deployment readiness center. According to local congressman John Carter, shooting broke out shortly before a graduation ceremony.

The gunman has been identified as an army officer, Major Malik Nadal Hasan. He is a mental health professional, presumably either a psychologist or psychiatrist, according to an unnamed defense official. Two other suspects were in custody, the base commander, Lieutenant-General Bob Cone, said.”Our investigation is ongoing, but preliminary reports indicate that there was a single shooter,” Cone said at a news conference. “The shooter is not dead, but in custody in stable condition.”

Initial reports said that the gunman had been shot to death by military police; however, General Cone now says that the man is in custody and is in the hospital with injuries, but is in stable condition. FOX40 News in Sacramento managed to record a military spokesperson commenting on why the media wasn’t informed about the status of the gunman until four hours after the initial announcement was made that he had been fatally shot. That military spokesman replied, “the doctors didn’t know who they were working on.”

When asked at the conference whether Hasan’s attack might have been a terrorist act, General Cone replied that “I couldn’t rule that out, but I’m telling you that right now the evidence does not suggest that.”

It is not currently clear if those killed and wounded are civilian or military. The gunman is reported to have been in uniform and using handguns. Eyewitnesses claim at least one man was armed with a high-power sniper rifle. The chief of media at the base, Christopher Hogue, said to reporters that “the only one we know who was shooting was killed and he had two handguns.”

There may have been other people involved in the shooting, however. “We […] have apprehended two additional soldiers that are suspects. There were eyewitness accounts that there may have been more than one shooter,” General Cone said.

Effective immediately Fort Hood is closed. This is not a Drill. It is an Emergency Situation.”

The Killeen Independent School District said that all schools in the area were placed on lockdown. The base was closed down following the incident as well. “Effective immediately Fort Hood is closed,” a statement on the Fort Hood website read. “This is not a Drill. It is an Emergency Situation.” The website appears to have gone down shortly after the announcement.

A serviceman at the base described his experiences to the BBC. “I heard the emergency announcement over the speakers outside and saw people rushing to get indoors. In our office we’re okay but we’re hearing about the deaths. […] We are still on lockdown. I am hearing that at least nine people may be dead.”

Greg Schannep, a retired colonel, was heading to the 2 P.M. graduation ceremony when he heard gunshots and saw an injured soldier run past him. “Initially, I thought it was a training exercise,” he recounted, as quoted by the New York Daily News. “A soldier came running past me and said ‘sir, there is someone shooting.’ As he ran past me I saw blood on his back. I don’t think he even knew he had been shot.”

“It’s chaotic,” said the director of a local coffee shop near the base, as quoted by the Associated Press. “They’re just saying that they’re under attack they don’t know what’s going on. […] The phones are jammed. Everybody is calling family members and friends. Soldiers are running around with M-16s.”

The authorities are still gathering information about the shooting, according to Homeland Security spokeswoman Sara Kuban. “DoD [Department of Defense], DHS [Department of Homeland Security], FBI and other members of the intelligence community are assessing and gathering facts about the shooting. Because this is early in this event, we cannot at this time confirm motives behind these shootings,” she said.

The Scott & White Memorial Hospital in the town of Temple received ten of the injured victims from the attack. Its website has posted an appeal for blood donations. “Due to the recent events on Fort Hood, we are in URGENT need of ALL blood types,” it said. The hospital received 200 blood donations since 2:45 P.M. local time.

The hospital was soon closed to visitors after the wounded people were received. “[We are] no longer open to visitors as we focus our attention upon the victims and their families,” a statement on the website said. The associate system chief medical officer said that they did not have specific information on their conditions. “We get patients like this, but not usually all at once,” said director Glen Couchman.

Another health facility, the Metroplex Adventist Hospital, received seven other victims. The hospital stated that one of them was soon pronounced dead, and two others, including an EMS paramedic, are in surgery.

Fort Hood is situated in the town of Killeen. It is the largest military base in the world, houses around 40,000 US troops, and is about 100 kilometres (60 miles) north of Austin. It has been compared to a small town, with its own schools, convenience stores, and even two museums.

This is not the first time Killen has witnessed a shooting spree. The town was the site of the worst shooting spree in American history until the Virginia Tech massacre, when on October 16, 1991, George Jo Hennard drove his truck through the front window of Luby’s Cafeteria and proceeded to shoot and kill 23 people and wound another 20, before commiting suicide in what is know as the Luby’s massacre. It should be noted Major Hasan is an alumnus of Virginia Tech.

Hasan’s motives for the shooting spree were not immediately clear, however, Texas Senator Kay Bailey Hutchison told the FOX news agency that “I do know that he has been known to have told people that he was upset about going [to Iraq].”

[Going to Iraq] was probably his worst nightmare

A cousin of the gunman, Nader Hasan, told FOX that his cousin had been ordered to deploy to Iraq, but was unwilling to do so. “We’ve known over the last five years that was probably his worst nightmare,” he said.

According to Nader, Nidal is a US-born Muslim who had joined the military after finishing high school, and was a graduate of Virginia Tech, where he received a bachelor’s degree in biochemistry. He was also a member of the ROTC, and used to be a psychiatrist at the Walter Reed Army Medical Center in Washington, D.C.

“He was a psychiatrist at Walter Reed dealing with the people coming back and […] trying to help them with their trauma,” Nader said.

Retired colonel Terry Lee told FOX that “[Hasan] said maybe Muslims should stand up and fight against the aggressor. At first we thought he meant help the armed forces, but apparently that wasn’t the case. Other times he would make comments we shouldn’t be in the war in the first place.”

Security officials said that some Internet postings made half a year ago, discussing suicide bombings and other forms of violence, appeared to have been posted by Hasan, but this has not been officially confirmed.

Some army bases around the US increased security measures following the attacks. “The bottom line for us is that we are increasing security at our gates because the threat hasn’t yet been defined, and we’re reminding our Marines to be vigilant in their areas of responsibility,” said the public affairs officer for the Marine Corps Air Station in Yuma, Arizona, Captain Rob Dolan.

We don’t have reason to believe that this is anything other than an isolated incident

However, a spokesman for the Department of Defense said that the attack appeared to be an isolated incident. “This is an isolated and tragic case and we’re obviously in the process of obtaining more information as the events unfold,” said Lieutenant Colonel Eric Butterbaugh.

“We don’t have reason to believe that this is anything other than an isolated incident,” an army spokesman from Fort Lewis in the state of Washington, Joe Piek, commented. “We don’t normally discuss security operations at the post anyways, but I am sure this is something that our security law enforcement will be reviewing. As we are watching and listening, there is a lot we don’t know.”

…a horrific outburst of violence

President Barack Obama described the incident as “a horrific outburst of violence” in a press conference in Washington D.C., going on to say, “It is difficult enough when we lose these brave men and women abroad, but it is horrifying that they should come under fire at an army base on US soil. […] We will make sure that we get answers to every single question about this horrible incident. We are going to stay on this.”

Texas Senator Hutchison released a statement regarding the incident. “I am shocked and saddened by today’s outburst of violence at Fort Hood that has cost seven of our brave service members their lives and has gravely injured others. My heart goes out to their loved ones,” she said.

“Our dedicated military personnel have sacrificed so much in service to our country, and it sickens me that the men and women of Fort Hood have been subjected to this senseless, random violence. I know all Americans share this concern for the soldiers and their families who are affected by this tragedy,” the statement continued.

Robert Gates, the Defense Secretary, expressed his sympathy to those affected by the attack. “I can pledge that the Department of Defense will do everything in its power to help the Fort Hood community get through these difficult times,” he said in a statement.

Vice President Joe Biden also offered his condolences. “We are all praying for those who were wounded and hoping for their full and speedy recovery. Our thoughts and prayers are also with the entire Fort Hood community as they deal with this senseless tragedy,” he remarked.

“I was saddened to learn of the tragic incident at Fort Hood. Laura and I are keeping the victims and their families in our thoughts and prayers during this difficult time,” wrote former president George W. Bush in a statement from his office in Dallas.

The state’s governor, Rick Perry, ordered all flags in Texas to be flown at half-staff until Sunday. “[I am] keeping those affected by today’s incidents in our thoughts and prayers,” he said.

The junior senator from Texas, John Cornyn, also issued a statement. “My heart goes out to the victims of the tragedy that occurred today at Fort Hood, as well as their families. Fort Hood is one of our nation’s finest and largest military installations, and a place that has long been a source of pride for Texans, and for all Americans who value the selfless service and sacrifice of our men and women in uniform,” the statement read.

“It is imperative that we take the time to gather all the facts, as it would be irresponsible to be the source of rumors or inaccurate information regarding such a horrific event. Once we have ascertained all the facts, working with our military leaders and law enforcement officials on the ground, we can determine what exactly happened at Fort Hood today and how to prevent something like this from ever happening again.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Thirteen_dead,_several_wounded_in_Fort_Hood,_Texas_shooting&oldid=3291956”
Posted in Uncategorized

Rare Middle East cyclone batters Oman

Thursday, June 7, 2007

Tropical Storm Gonu headed toward Iran today, after lashing Oman for two days with high winds and torrential rains, and causing at least 23 deaths and the evacuation of more than 20,000 people to emergency shelters. Concern was high for the oil industry, as rough seas kept tankers from leaving their ports.

Such storms are rare in the Middle East. Early today, Gonu was weakening and was downgraded to a tropical storm. The Joint Typhoon Warning Center projected the storm to continue weakening as it made landfall on Iran’s southeastern coast. Offshore Iranian oil installations were expected to be spared, officials said.

In the Omani capital, Muscat yesterday, there were torrential rains and howling winds, a rarity in the quiet coastal city. Streets were flooded and emergency vehicles were useless. Flights were canceled at Oman’s Seeb International Airport.

Twenty-three deaths were reported by Omani authorities today. Electricity and phone lines were out and roads flooded. Police said a body washed ashore in Sur. There were also reports of people trapped in homes in low-lying areas of the capital.

Authorities used mobile-phone text messages to warn people away from dangerous areas. Residents were warned to stay at home, or seek shelter in buildings that could withstand the harsh weather.

Shareefa bint Khalfan, Omani minister of social development, said more than 20,000 people were evacuated to government shelters.

At Oman’s weather center, where records have been kept since 1890, metorologists said Gonu was likely the strongest storm to hit Oman since 1977. Milder tropical storms are common mid-May to late June.

In Iran, hundreds of residents of Chabahr, a port on the Gulf of Oman, were evacuated.

“University and school students were moved to higher ground in the area to avoid the cyclone effects,” Hojjat Ali Shayanfar, head of emergency services in Sistan Baluchistan province, was quoted as saying by the Associated Press.

Some major roads were flooded in southeastern Iran. In the port city of Bandar Abbas, winds shattered windows and knocked down billboards & trees.

Oman has relatively small oil fields, and there was little damage to them. But oil exports were cut off, as the raging seas kept tankers battened down in port for a third day today. To the north, at the world’s third-largest shipping fuel center in Fujairah, United Arab Emirates, all refueling and supply operations were suspended, and ships were kept in their berths. At the entrance to the Persian Gulf, the Strait of Hormuz, ships passed through, despite four- to six-foot swells and strong winds. About one-fifth of the world’s oil passes through this narrow chokepoint.

Iran, OPEC’s No. 2 oil exporter, said the storm would not disrupt supplies because its main terminals were inside the Gulf waterway. Analysts were mixed on how the storm will affect prices at the gas pump.

“About 17-21 million barrels a day of oil are coming out of the Persian Gulf. Even if only some of the tankers are delayed, that could reduce the supply of oil and increase prices,” Manouchehr Takin, at the Center for Global Energy Studies in London, was quoted as saying by the Associated Press.

But Tim Evans, an analyst at Citigroup Global Markets, said while the storm may delay oil tankers, they will eventually get to their destinations, so prices shouldn’t be affected too drastically.

Oil prices rose US$0.25 to $65.86 a barrel in midday trading on the New York Mercantile Exchange.

At its peak, Tropical Cyclone Gonu, named for a bag of palm leaves in the language of the Maldives, reached sustained winds of 240 kilometers an hour (149 miles per hour) . By early today, winds were around 83 km/h, and it was expect to keep weakening.

The storm is believed to be the strongest cyclone to hit the Arabian Peninsula since record-keeping started in 1945, and was tied for the strongest tropical cyclone in the northern Indian Ocean, according to the Joint Typhoon Warning Center.

Retrieved from “https://en.wikinews.org/w/index.php?title=Rare_Middle_East_cyclone_batters_Oman&oldid=4400674”
Posted in Uncategorized

Bangalore Real Estate Is Thriving All The Way

Bangalore real estate is thriving all the way

by

Allia Gosh

Recently it has been heard that the real estate in Bangalore had faced a slowdown, but in reality it is not so. In fact, Bangalore real estate experience a thriving period with the expansion of city s economy, attractive job market and raising IT sector. Being the Asia s fastest growing city, Bangalore real estate enjoyed the favor from the best high tech industries and top IT/ITES companies in India which provides lucrative opportunities for the potential buyers in terms of residential properties, commercialspace or retail properties.

Property segment in Bangalore is growing by leaps and bounds and as the city is catching the new running pace, property developers are incorporating new trends in their properties which will let the buyer enjoy a plethora of options to choose from. Top builders in Bangalore are focusing on cashing the real estate sector s new buzz word i.e. affordable housing . They are moving forward with the purpose of doing the integrated development in their housing projects which includes office spaces, residential plots and hospitality as the most important elements.

Though,real estate developers are witnessing the growing trend in both commercial and residential properties. Then also, they are finding them incapable to quench the thirst for daily rising demand for commercial or housing spaces. Many developers are coming with the idea of low cost housing schemes which are entitled to satisfy the rising needs of the buyers for low cost residential homes in Bangalore. These homes will allow the elite class as well as the middle class persons to grab the opportunity to have their dream home in the high tech city.

[youtube]http://www.youtube.com/watch?v=-uFLJQflLpk[/youtube]

Many people in the city do focused on towards buying of residential plots. But, with several vital reasons like traffic jams, parking issues and many more, people are moving towards the suburbs area of the city. The area is duly accompanied by property developers whoare making available the desired property to the buyers. Thus, buying the residential plots in Bangalore would also sound fruitful with the reason of the booming market of suburbs that is raising with the upcoming new projects with updated lifestyle features.

Bangalore builders are more concerned about the planned and strategic development of the city which is facing a boom day by day. In terms of commercial space, Bangalore is the most sought out option for those who want to gain the massive advantage of the IT sector established in the city. With the presence of some software giants, people are focusing on the office spaces and taking keen interest in the Bangalore properties.

Century Real Estate is coming up with its new projects in Bangalore to give the real estate market new heights. The developers at century have established their steps on the top builders in Bangalore list with their ventures like Century Quadra.

In the Nutshell, we could only say that being the high tech city in India, Bangalore is making available the best suited property for the buyers to gratify their search for properties.

Bio 1: Allia Gosh currently writes for real estate topics.

Apartments in Bangalore

– Century offers Century Quadra project, set in the commercial hub of Bangalore offer an ideal place for

commercial space

.

Article Source:

ArticleRich.com

Record number of failed banks reported in US for February

Sunday, March 1, 2009

According to the Federal Deposit Insurance Corporation (FDIC), a record number of banks for a calendar month have failed in the United States in February. A total of 10 banks failed in February, more than any other month since October of 2000. A total of 16 banks have closed this year so far, with 24 closing in 2008. If the current trend continues, the total number of failed banks will more than double in March, as compared to the total number of failed banks in 2008.

The list grew after the FDIC took over the funds from the Security Savings Bank of Henderson, Nevada and the Heritage Community Bank in Glenwood, Illinois on February 27. The FDIC issued press releases for both institutions.

The four branches of the Heritage Community Bank reopened on February 28 “as branches of MB Financial Bank,” stated the FDIC. The bank’s assets were worth nearly US$233 million and had customer deposits worth nearly $220 million. MB is expected to purchase $230 million of the bank’s assets and the FDIC will “retain the remaining assets for later disposition.”

“The two Security Savings Bank branches will reopen on Monday (March 2) as branches of Bank of Nevada,” stated the FDIC. The bank held assets worth approximately $238.3 million with customer deposits of nearly $180 million. Bank of Nevada will purchase approximately $111 million of the bank’s assets while the FDIC will retain the remaining balance, also “for later disposition.”

“The FDIC insures deposits at the nation’s 8,305 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed,” added the FDIC.

Both banks, when reopened, will immediately become members of the FDIC.

Retrieved from “https://en.wikinews.org/w/index.php?title=Record_number_of_failed_banks_reported_in_US_for_February&oldid=780729”
Posted in Uncategorized