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Bank Failure Friday: FDIC Closes 3 Banks
The 2010 USA bank failures increased to 132 with the closure of 3 banks listed below. Total assets of the closed banks were $1,779,900,000 ($1.78 billion), based on the June 30 call reports (regulatory financial statements). All 3 banks were merged via purchase and assumption agreements into other banks.
#130 Premier Bank, Jefferson City, MO (Total assets $1.18B, merged into Providence Bank, Columbia, Missouri)
#131 WestBridge Bank and Trust Company, Chesterfield, MO (Total assets $91.5M, merged into Midland States Bank, Effingham, Illinois)
#132 Security Savings Bank, F.S.B., Olathe, KS (Total assets $508.4, merged into Simmons First National Bank, Pine Bluff, Arkansas)
The next FDIC bank closings, if any, will most likely be announced on Friday, October 22.
#130 Premier Bank, Jefferson City, MO (Total assets $1.18B, merged into Providence Bank, Columbia, Missouri)
#131 WestBridge Bank and Trust Company, Chesterfield, MO (Total assets $91.5M, merged into Midland States Bank, Effingham, Illinois)
#132 Security Savings Bank, F.S.B., Olathe, KS (Total assets $508.4, merged into Simmons First National Bank, Pine Bluff, Arkansas)
The next FDIC bank closings, if any, will most likely be announced on Friday, October 22.
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