Friday, October 8, 2010

Bank Failure Friday: No FDIC Closures! *2010 YTD totals remains 129*

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Bank Failure Friday: No FDIC Closures!

The 2010 USA bank failures remain at 129 with no closings on Friday, October 8. The latest 2 closings were on Friday, October 1. Total assets of the 2 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 most likely be announced on Friday, October 15.

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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