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Friday, September 17, 2010

Bank Failure Friday: FDIC Closes 6 Banks *YTD total now 125*

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FDIC Seal and Building


Bank Failure Friday: FDIC Closes 6 Banks

The 2010 USA bank failures increased to 125 with the closure of 6 banks with total assets of $1,343,800 ($1.3438 billion). All were merged with purchase and assumption agreements into other  banks.

#120 Maritime Savings Bank, West Allis, WI (Total assets $350.5M, merged into North Shore Bank, FSB, Brookfield, WI)

#121 Bramble Savings Bank, Milford, OH (Total assets $47.5M, merged into Foundation Bank, Cincinnati, OH)

#122 The Peoples Bank, Winder, GA (Total assets $447.2M, merged into Community & Southern Bank, Carrollton, GA)

#123 First Commerce Community Bank, Douglasville, GA (Total assets $248.2M, merged into Community & Southern Bank, Carrollton, GA)

#124 Bank of Ellijay, Ellijay, GA (Total assets $168.8M, merged into Community & Southern Bank, Carrollton, GA)

#125 ISN Bank, Cherry Hill, NJ (Total assets $81.6M, merged into New Century Bank dba Customers Bank, Phoenixville, PA)

The next FDIC bank closings, if any, will be mostly likely be announced on Friday, September 24.


Related Articles and Links
FDIC (FDIC.gov)
*Failed Bank Information*
Information for Maritime Savings Bank, West Allis, WI (FDIC)
Information for Bramble Savings Bank, Milford, OH (FDIC)
Information for The Peoples Bank, Winder, GA (FDIC)
Information for First Commerce Community Bank, Douglasville, GA (FDIC)
Information for Bank of Ellijay, Ellijay, GA (FDIC)
Information for ISN Bank, Cherry Hill, NJ (FDIC)


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