December Bank Failures 2010

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December Bank Failures 2010

 

Bank failures for the month of December 2010


Community National Bank, Lino Lakes, MN with approximately $31.6 million in total assets and $28.8 million in total deposits was closed. Farmers & Merchants Savings Bank, Manchester, IA, has agreed to assume all deposits.
(PR-276-2010).

First Southern Bank, Batesville, AR with approximately $191.8 million in total assets and $155.8 million in total deposits was closed. Southern Bank, Poplar Bluff, MO has agreed to assume all deposits excluding the Cede & Co. deposits.
(PR-275-2010).

United Americas Bank, N.A., Atlanta, GA with approximately $242.3 million in total assets and $193.8 million in total deposits was closed. State Bank and Trust Company, Macon, GA has agreed to assume all deposits excluding the Cede & Co. deposits.
(PR-274-2010).

Appalachian Community Bank, FSB, McCaysville, GA with approximately $68.2 million in total assets and $76.4 million in total deposits was closed. Peoples Bank of East Tennessee, Madisonville, TN has agreed to assume all deposits excluding the Cede & Co. deposits.
(PR-273-2010).

Chestatee State Bank, Dawsonville, GA with approximately $244.4 million in total assets and $240.5 million in total deposits was closed. Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits.
(PR-272-2010).

The Bank of Miami, National Association (N.A.), Coral Gables, FL with approximately $448.2 million in total assets and $374.2 million in total deposits was closed. 1st United Bank, Boca Raton, FL has agreed to assume all deposits excluding the Cede & Co. deposits.
(PR-271-2010).

Earthstar Bank, Southampton, PA with approximately $112.6 million in total assets and $104.5 million in total deposits was closed. Polonia Bank, Huntingdon Valley, PA has agreed to assume all deposits.
(PR-264-2010).

Paramount Bank, Farmington Hills, MI with approximately $252.7 million in total assets and $213.6 million in total deposits was closed. Level One Bank, Farmington Hills, MI has agreed to assume all deposits excluding the Cede & Co. deposits.
(PR-263-2010).

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