The Myth of Democracy is an Unsustainable form of Governance
Integra Bank Closed by FDIC
http://www.fdic.gov/bank/individual/failed/integra.html Visit this URL to view the full FDIC Failed Bank Information regarding Integra Bank.
The following press release was published on the FDIC website 15 minutes ago:
FOR IMMEDIATE RELEASE
July 29, 2011
Integra Bank, National Association, Evansville, Indiana, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Old National Bank, Evansville, Indiana, to assume all of the deposits of Integra Bank, National Association.
The 52 branches of Integra Bank, National Association will reopen during their normal business hours beginning Saturday as branches of Old National Bank. Depositors of Integra Bank, National Association will automatically become depositors of Old National Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Integra Bank, National Association should continue to use their existing branch until they receive notice from Old National Bank that it has completed systems changes to allow other Old National Bank branches to process their accounts as well.
This evening and over the weekend, depositors of Integra Bank, National Association can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.
As of March 31, 2011, Integra Bank, National Association had approximately $2.2 billion in total assets and $1.9 billion in total deposits. Old National Bank will pay the FDIC a premium of 1.0 percent to assume all of the deposits of Integra Bank, National Association. In addition to assuming all of the deposits of the failed bank, Old National Bank agreed to purchase essentially all of the assets.
The FDIC and Old National Bank entered into a loss-share transaction on $1.2 billion of Integra Bank, National Association’s assets. Old National Bank will share in the losses on the asset pools covered under the loss-share agreement. The loss-share transaction is projected to maximize returns on the assets covered by keeping them in the private sector. The transaction also is expected to minimize disruptions for loan customers. For more information on loss share, please visit: http://www.fdic.gov/bank/individual/failed/lossshare/index.html.
Customers with questions about today’s transaction should call the FDIC toll-free at 1-800-830-6698. The phone number will be operational this evening until 9:00 p.m., Eastern Daylight Time (EDT); on Saturday from 9:00 a.m. to 6:00 p.m., EDT; on Sunday from noon to 6:00 p.m., EDT; and thereafter from 8:00 a.m. to 8:00 p.m., EDT. Interested parties also can visit the FDIC’s Web site at http://www.fdic.gov/bank/individual/failed/integra.html.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $170.7 million. Compared to other alternatives, Old National Bank’s acquisition was the least costly resolution for the FDIC’s DIF. Integra Bank, National Association is the 61st FDIC-insured institution to fail in the nation this year, and the first in Indiana. The last FDIC-insured institution closed in the state was Irwin Union Bank and Trust Company, Columbus, on September 18, 2009.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 7,575 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. The FDIC receives no federal tax dollars – insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC’s Public Information Center (877-275-3342 or 703-562-2200). PR-128-2011
We will update this story as more information is received.
A Visualization of US Debt
What would it look like if we stacked up our entire US Debt and all unfunded liabilities with physical currency?
A website called http://usdebt.kleptocracy.us/ has helped model that image for us.
Read the full article at Source: http://usdebt.kleptocracy.us/
New Health Department eResource Guide
The Vanderburgh County Health Department (VCHD) is pleased to announce the availability of their popular Resource Guide in electronic (e) format.
The VCHD eResource Guide functions as the local phone book’s yellow pages did years ago as the “go to†resource for contact information for desired services, in this case public health related service agencies. It includes telephone numbers, addresses and other information by service provided. The Table of Contents lists each service category alphabetically and agencies are listed alphabetically in each service category.
Production of the Resource Guide started some twenty (20) years ago by the receptionist for the VCHD Public Health Outreach Nurses. The simple, single page guide included a list of telephone numbers to referral and partner agencies commonly requested by individuals visiting the health department. Over time, the list grew and became the VCHD Resource Guide. The Resource Guide is continuously updated, and has been printed numerous times since 1998.
The electronic eResource Guide looks much like the “paper hard copy versionâ€, and includes a hyperlinked table of contents, and clickable links to the websites of the listed agencies. Almost all agencies listed in the eResource Guide have established websites with detailed information about their agency: such as; service(s), location(s), eligibility requirement(s), cost(s) – if any, etc. The Resource Guide is in portable document format (.pdf that can be opened in Adobe Reader), and is attached to this e-mail media release.
Gary Heck, VCHD Administrator says of the eResource Guide: “This is another way the Vanderburgh County Health Department adapts to changing times and tools to provide an essential community service. When individuals and families seek services other than the services currently provided by the Health Department, then our Resource Guide is available to serve as a guide to other community resources. When you have a good, useful resource in paper format (free of charge) and you continue to provide that service, but at the same time provide (24/7/365) availability; and update content continuously; and you provide the ability not only to keep a copy yourself but shared it with the world – repeated and it remains free of charge – then the good, use resource becomes – a tremendously improved resource. A valuable community service (paper version) becomes an extremely valuable community service (both paper and electronic version).†A limited number of hard copies will continue to be available by request to individuals without internet access. Follow the link on the VCHD home page at www.vanderburghgov.org/health to the electronic eResource Guide
Water & Sewer Executive Session
Notice is hereby given by the Water and Sewer Utility Board of the City of Evansville Indiana, that an Executive Session will be held on Tuesday, August 2, 2011, beginning at 12:45p.m. in the Conference Room of the Water & Sewer Utility, Room 100, Civic Center Complex, Evansville, Indiana 47708
THE PURPOSE OF THIS EXECUTIVE SESSION IS:
DISCUSSION OF
PERSONNEL AND
LITIGATION ISSUES
EVSC Gearing Up For Start of School
With one Evansville Vanderburgh School Corporation school already in session and three more to start before the end of next week, Superintendent David Smith expressed a desire to have all students in school, on time, the first day of school.
“It may seem like a day or two doesn’t matter, but for students to truly succeed – even the minutes matter because they add up to entire days or weeks of lessons missed or work not learned,†Smith said during a news conference on July 28.
In an effort to help families think about school at this time, the EVSC has begun a mini campaign putting up bus transportation billboards and enrollment information on bus benches throughout the city, to remind families how and when to enroll and where to get bus information.
By early next week, each family that has enrolled will have received a Connect-ED phone call with bus number and bus stop information; as well as a postcard with the information. Postcards will be mailed Friday and a Connect-ED message, personalized for each student – will be sent out to all parents on next week.
Enrollment begins in most schools on Friday, as well. In addition to the regular daytime hours, special evening hours have been set to allow families flexibility in enrolling before the first day of school.
Enrollment times for Elementary and Middle School/K-8 School are as follows:
Daytime Enrollment Hours
July 29: 8-11 a.m. and 1-3 p.m.
Aug. 2: 8-11 a.m. and 1-3 p.m.
Aug. 3: 8-11 a.m. and 1-3 p.m.
Aug. 5: 8-11 a.m. and 1-3 p.m.
Aug. 9: 8-11 a.m. and 1-3 p.m.
Evening Enrollment Hours
Aug. 1: 11:30 a.m.-2:30 p.m. and 4-7 p.m.
Aug. 4: 11:30-2:30 and 4-7 p.m.
High School Enrollment
August 1-10: Call school to arrange appointment to enroll.
A new addition to the EVSC web services for parents is a new interface with Parent Access. In past years, families of students in grades 3-12 could go on EdEase Parent Access to monitor grades, assignments, absences and discipline. Now, all families will have the opportunity to update their emergency contact information on the Parent Access tab of EdEase, at any time day or night, and even on their Smart phone.
Custodial parents will receive a mailing before school starts with an access code. Families will go to the EdEase website at http://rdsteach.evsc.k12.in.us/rdsparentaccess/ and may update their contact information by clicking on their student’s name.
“This is such a helpful tool and will save families from having to fill out contact information forms year after year,†Smith said. “It also will help us contact families in the event of an emergency or school closing; or to share news about events happening at their school. Through this system, the EVSC has the ability to always have the most up-to-date contact information, to better serve our families.â€
EVSC School Start Dates
-Most EVSC Schools: August 10
-Lincoln School: July 20
-McGary Middle School: August 1
-Delaware K-6 School: August 4
-Evans K-6 School: August 4
-Glenwood Leadership Academy K-8: August 8
For bus information, families may call 435-1BUS or email evsc.bus@evsc.k12.in.us
IS IT TRUE? Part 2 July 29, 2011
IS IT TRUE? Part 2 July 29, 2011
IS IT TRUE that Mr. Tom Barnett, Director of the Evansville Department of Metropolitan Development is on record today as saying that there will not be another extension given to Centre City Properties LLC to get financing for the McCurdy Hotel project?…that the last business day for that financing to be secure is today?…that the official deadline is Sunday July 31, 2011 but that if the deal is not done by the close of business today that the deal will be in default when the doors are opened at the Civic Center on Monday morning?…that Mr. Barnett is exactly right in his position with respect to this project?…that it has been over 4 years since that Kodak moment when this project was announced?….that enough is enough?
IS IT TRUE that the new sidewalk work in downtown Evansville to prepare for the reversal of the streets and the opening of the Arena is looking pretty good?…that with ADA compliance at the corners and new traffic control fixtures that this is going to be a basis for being attractive?…that some banners on the light poles and some seriously beautiful flower pots will add some finishing touches to the ambiance?…that all we need will be 25 or 30 more businesses to fill up the empty storefronts and we may just be getting somewhere?
IS IT TRUE that we hear that the tab for all of these nice improvements is over $4 Million?…that we wonder if the Arena budget will be picking up that tab?…that we also wonder if the Arena budget will be picking up the tab for that geyser in the street yesterday that has compromised the water in the Civic Center?…that we heard a cool saying today about public works projects that we would like to share?…that it rhymes with an old saying about investments that says “it takes money to make moneyâ€?…that our contribution to that with a government spending twist is that “IT TAKES MONEY TO TAKE MONEYâ€?
IS IT TRUE that it has now been 1,550 days since the announcement was made on May 14, 2007 that the McCurdy Hotel was to be refurbished into luxury apartments?…that it has now been 1,403 days since the Evansville Redevelopment Commission at the request of Mayor Weinzapfel approved the spending of $603,000 to purchase the parking lot?…that City Centre Properties and Scott Kosene the developers of the McCurdy project are both listed as contributors to the Weinzapfel for Mayor committee for 2010?
IS IT TRUE that in a short 102 days we will all know whether it will be Lloyd Winnecke or Rick Davis who will become the Mayor that will assume responsibility for executing the decisions that are playing out right now?…that that there are 155 days remaining in the Weinzapfel Administration?…that the latest extension in the four year saga of the McCurdy start date expires Sunday?
IS IT TRUE that there are now 459 days remaining in the two years that the EPA had given the City of Evansville to present an acceptable solution to the Combined Sewer Overflow problem?…..that this plan is an expensive and complex endeavor that needs immediate attention to avoid the embarrassment and expense of another round of fines?
IS IT TRUE that we will be very interested in how much money is placed into the 2012 City of Evansville budget to do the design work that is required to design an acceptable solution that will get the blessing of the EPA that took Evansville to court to force the repair of the sewers so that the Combined Sewer Overflows are compliant with federal laws?