Bank failure Friday

November 21, 2009

It was a slow night. One small bank failed.

#124

  • Failed bank: Commerce Bank of SW FL, Fort Myers FL
  • Acquiring bank: Central Bank, Stillwater MN
  • Vitals: at 8/28, assets of $79.7m, deposits of $76.7m
  • DIF damage: $23.6m

Central has been busy. They also acquired the assets of Riverview Community Bank and Jennings State Bank in October, as well as Mainstreet Bank in August.

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