BankFailFriday October 22, 2010 Recap

Seven Banks on BankFailFriday, October 22, 2010, were closed. The total number of banks closed this year is 139. The closure of these seven banks cost the FDIC Deposit Insurance Fund (DIF) $478 Million. The seven banks assets totalled approximately $2.4 Billion. The banks closed were:

• First Bank of Jacksonville, Jacksonville, Florida
• Progress Bank of Florida, Tampa, Florida
• The Gordon Bank, Gordon, Georgia
• The First National Bank of Barnesville, Barnesville, Georgia
• First Suburban National Bank, Maywood, Illinois
• Hillcrest Bank, Overland Park, Kansas
• First Arizona Savings, A FSB, Scottsdale, Arizona