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Bank Failure Friday: FDIC Closes 2 Banks
The 2010 USA bank failures increased to 127 with the closure of 2 banks listed below. Total assets of the closed banks were $437,400,000 ($437.4 million), based on the June 30 call reports (regulatory financial statements). Both banks were merged via purchase and assumption agreements into other banks.
#126 North County Bank, Arlington, WA (Total assets $288.8M, merged into Whidbey Island Bank, Coupeville, WA)
#127 Haven Trust Bank Florida, Ponte Vedra Beach, FL (Total assets $148.6M, merged into First Southern Bank, Boca Raton, FL)
The next FDIC bank closings, if any, will be most likely be announced on Friday, October 1.
Related Articles and Links
*****Failed Bank Information*****
Information for North County Bank, Arlington, WA (FDIC)
Information for Haven Trust Bank Florida, Ponte Vedra Beach, FL (FDIC)
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