Bank Failures July 2010

Share

Bank Failures July 2010

Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).FDIC

July

LibertyBank, Eugene, OR with approximately $768.2 million in total assets and $718.5 million in total deposits was closed. Home Federal Bank, Nampa, ID has agreed to assume all deposits.
(PR-176-2010).

The Cowlitz Bank, Longview, WA, with approximately $529.3 million in total assets and $513.9 million in total deposits was closed. Heritage Bank, Olympia, WA has agreed to assume all deposits, excluding certain brokered deposits.
(PR-175-2010).

Coastal Community Bank, Panama City Beach, FL with approximately $372.9 million in total assets and $363.2 million in total deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits
(PR-174-2010).

Bayside Savings Bank, Port Saint Joe, FL with approximately $66.1 million in total assets and $52.4 million in total deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits
(PR-174-2010).

Northwest Bank & Trust, Acworth, GA, with approximately $167.7 million in total assets and $159.4 million in total deposits was closed. State Bank and Trust Company, Macon Georgia, has agreed to assume all deposits, excluding certain brokered deposits.
(PR-172-2010).

Home Valley Bank, Cave Junction, OR with approximately $251.80 million in total assets and $229.6 million in total deposits was closed. South Valley Bank & Trust, Klamath Falls, OR has agreed to assume all deposits
(PR-169-2010).

SouthwestUSA Bank, Las Vegas, NV with approximately $214.0 million in total assets and $186.7 million in total deposits was closed. Plaza Bank, Irvine, CA has agreed to assume all deposits, excluding certain brokered deposits
(PR-168-2010).

Community Security Bank, New Prague, MN with approximately $108.0 million in total assets and $99.7 million in total deposits was closed. Roundbank, Waseca, MN has agreed to assume all deposits
(PR-167-2010).

Thunder Bank, Sylvan Grove, KS with approximately $32.6 million in total assets and $28.5 million in total deposits was closed. The Bennington State Bank, Salina, KS has agreed to assume all deposits, excluding certain brokered deposits
(PR-166-2010).

Williamsburg First National Bank, Kingstree, SC with approximately $139.3 million in total assets and $134.3 million in total deposits was closed. First Citizens Bank and Trust Company, Inc., Columbia, SC has agreed to assume all deposits, excluding certain brokered deposits
(PR-165-2010).

Crescent Bank and Trust Company, Jasper, GA with approximately $1.01 billion in total assets and $965.7 million in total deposits was closed. The Renasant Bank, Tupelo, MS has agreed to assume all deposits, excluding certain brokered deposits
(PR-164-2010).

Sterling Bank, Lantana, FL with approximately $407.9 million in total assets and $372.4 million in total deposits was closed. IBERIABANK, Lafayette, LA has agreed to assume all deposits, excluding certain brokered deposits
(PR-163-2010).

Mainstreet Savings Bank, FSB, Hastings, MI with approximately $97.4 million in total assets and $63.7 million in total deposits was closed. Commercial Bank, Alma, MI has agreed to assume all deposits
(PR-159-2010).

Olde Cypress Community Bank, Clewiston, FL with approximately $168.7 million in total assets and $162.4 million in total deposits was closed. CenterState Bank of Florida, National Association, Winter Haven, FL has agreed to assume all deposits, excluding certain brokered deposits.
(PR-158-2010).

Turnberry Bank, Aventura, FL with approximately $263.9 million in total assets and $196.9 million in total deposits was closed. NAFH National Bank, Miami, FL has agreed to assume all deposits
(PR-157-2010).

Metro Bank of Dade County, Miami, FL with approximately $442.3 million in total assets and $391.3 million in total deposits was closed. NAFH National Bank, Miami, FL has agreed to assume all deposits, excluding certain brokered deposits.
(PR-157-2010).

First National Bank of the South, Spartanburg, SC with approximately $682.0 million in total assets and $610.1 million in total deposits was closed. NAFH National Bank, Miami, FL has agreed to assume all deposits, excluding certain brokered deposits.
(PR-157-2010).

Woodlands Bank, Bluffton, SC with approximately $376.2 million in total assets and $355.3 million in total deposits was closed. Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits, excluding certain brokered deposits.
(PR-156-2010).

Home National Bank, Blackwell, OK with approximately $644.5 million in total assets and $560.7 million in total deposits was closed. RCB Bank, Claremore, OK has agreed to assume all deposits ( PR-152-2010).

USA Bank, Port Chester, NY with approximately $193.3 million in total assets and $189.9 million in total deposits. The FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customer’s 1st Bank), Phoenixville, PA, to assume all of the deposits of USA Bank. (PR-151-2010).

Ideal Federal Savings Bank, Baltimore, MD with approximately $6.3 million in total assets and $5.8 million in total deposits was closed. The FDIC has approved the payout of the insured deposits of Ideal Federal Savings Bank. (PR-150-2010).

Bay National Bank, Baltimore, MD with approximately $282.2 million in total assets and $276.1 million in total deposits was closed. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bay Bank, FSB, Lutherville, MD, to assume all of the deposits of Bay National Bank. ( PR-149-2010).

Share
This entry was posted in Uncategorized and tagged , , , , , , . Bookmark the permalink.