One bank was closed on #BankFailFriday, May 21, 2010. The total number of banks closed this year is 73. The closure of this bank cost the FDIC Deposit Insurance Fund (DIF) $6.0 Million. The closed bank's assets totalled approximately $61.2 million. The bank closed this week was:
News stories about these banks can be found at the following links:
Seven banks were closed on #BankFailFriday, March 19, 2010. The total number of banks closed this year is 37. The closure of these seven banks cost the FDIC Deposit Insurance Fund (DIF) $1.28 Billion. The seven banks assets totaled approximately $3.32 Billion. The banks closed were:
American National Bank, Parma, Ohio
Century Security Bank, Duluth, Georgia
Advanta Bank Corp., Draper, Utah
Appalachian Community Bank, Ellijay, Georgia
Bank of Hiawassee, Hiawassee, Georgia
First Lowndes Bank, Fort Deposit, Alabama
State Bank of Aurora, Aurora, Minnesota
BankFailFriday March 12, 2010 Recap
Four banks were closed last week. Three on #BankFailFriday, March 12, 2010, and one on March 11 were closed. The total number of banks closed this year is 30. The closure of these four banks cost the FDIC Deposit Insurance Fund (DIF) $208.2 Million. The four banks assets totalled approximately $1.3 Billion. The banks closed were:LibertyPointe Bank, New York, New York
The Park Avenue Bank, New York, New York
Old Southern Bank, Orlando, Florida
Statewide Bank, Covington, Louisiana
Carson River Community Bank, Carson City, Nevada
Rainier Pacific Bank, Tacoma, Washington
BankFailFriday February 19, 2010 RecapFour Banks on BankFailFriday, February 19, 2010, were closed. The total number of banks closed this year is 20. The closure of these four banks cost the FDIC Deposit Insurance Fund (DIF) $1.066 Billion. The four banks assets totalled approximately $4.2 Billion. The banks closed were:
