Friday, October 1, 2010

Bank Failure Friday: FDIC Closes 2 Banks *2010 YTD Total Now 129*

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Bank Failure Friday: FDIC Closes 2 Banks

The 2010 USA bank failures increased to 129 with the closure of 2 banks listed below. Total assets of the closed banks were $528,300,000 ($528.3 million), based on the June 30 call reports (regulatory financial statements). Both banks were merged via purchase and assumption agreements into other banks.

#128 Shoreline Bank, Shoreline, WA (Total assets $104.2M, merged into GBC International Bank, Los Angeles, CA)

#129 Wakulia Bank, Crawfordville, FL (Total assets $424.1M, merged into Centennial Bank, Conway, AR)

The next FDIC bank closings, if any, will be most likely be announced on Friday, October 8.

Related Articles and Links
Failed Bank Information
Information for Shoreline Bank, Shoreline, WA (FDIC)
Information for Wakulia Bank, Crawfordville, FL (FDIC)

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