August 2011 Bank Failures

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August

First Southern National Bank, Statesboro, GA with approximately $164.6 million in total assets and $159.7 million in total deposits was closed. Heritage Bank of the South, Albany, GA has agreed to assume all deposits excluding certain brokered deposits.
(PR-138-2011)

First Choice Bank, Geneva, IL with approximately $141.0 million in total assets and $137.2 million in total deposits was closed. Inland Bank & Trust, Oakbrook, IL has agreed to assume all deposits excluding certain brokered deposits.
(PR-139-2011)

Lydian Private Bank, Palm Beach, FL, including its division Virtual Bank, with approximately $1.70 billion in total assets and $1.24 billion in total deposits was closed. Sabadell United Bank, National Association (N.A.), Miami, FL has agreed to assume all deposits.
(PR-137-2011)

Public Savings Bank, Huntingdon Valley, PA with approximately $46.8 million in total assets and $45.8 million in total deposits was closed. Capital Bank, National Association (N.A.), Rockville, MD has agreed to assume all deposits excluding certain brokered deposits.
(PR-136-2011)

The First National Bank of Olathe, Olathe, KS with approximately $538.1 million in total assets and $524.3 million in total deposits was closed. Enterprise Bank & Trust, Clayton, MO has agreed to assume all deposits excluding certain brokered deposits.
(PR-134-2011)

Bank of Whitman, Colfax, WA with approximately $548.6 million in total assets and $515.7 million in total deposits was closed. Columbia State Bank, Tacoma, WA has agreed to assume all deposits excluding certain brokered deposits.
(PR-132-2011)

Bank of Shorewood, Shorewood, IL with approximately $110.7 million in total assets and $104.0 million in total deposits was closed. Heartland Bank and Trust Company, Bloomington, IL has agreed to assume all deposits.
(PR-131-2011)



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