Failed Banks May 2011 Bank Failures

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Failed Banks May 2011 Bank Failures

First Heritage Bank, Snohomish, WA with approximately $173.5 million in total assets and $163.3 million in total deposits was closed. Columbia State Bank, Tacoma, WA has agreed to assume all deposits.
(PR-094-2011)

Summit Banking Company, Burlington, WA with approximately $142.7 million in total assets and $131.6 million in total deposits was closed. Columbia State Bank, Tacoma, WA has agreed to assume all deposits excluding certain brokered deposits.
(PR-090-2011)

First Georgia Banking Company, Franklin, GA with approximately $731.0 million in total assets and $702.2 million in total deposits was closed. CertusBank, N.A., Easley, SC has agreed to assume all deposits excluding certain brokered deposits.
(PR-089-2011)

Atlantic Southern Bank, Macon, GA with approximately $741.9 million in total assets and $707.6 million in total deposits was closed. CertusBank, N.A., Easley, SC has agreed to assume all deposits excluding certain brokered deposits.
(PR-089-2011)

Coastal Bank, Cocoa Beach, FL with approximately $129.4 million in total assets and $123.9 million in total deposits was closed. Florida Community Bank, a division of Premier American Bank, N.A., Miami, FL has agreed to assume all deposits.
(PR-084-2011)


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