Sunday, September 26, 2010

Bank Failure Friday: FDIC Closes 2 Banks *2010 YTD Total Now 127*

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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
FDIC (FDIC.gov)
*****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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