Bank failure Friday

May 7, 2010

#65

—Failed bank: The Bank of Bonifay, Bonifay FL
—Regulator: Florida Office of Financial Regulation
—Acquiring bank: First Federal Bank of Florida, Lake City FL
—Vitals: assets of $242.9 million, deposits of $230.2 million
—Estimated DIF damage: $78.7 million

#66

—Failed bank: Access Bank, Champlin MN
—Regulator: Minnesota Department of Commerce
—Acquiring bank: PrinsBank, Prinsburg MN
—Vitals: assets of $32.0 million, deposits of $32.0 million
—Estimated DIF damage: $5.5 million

#67

—Failed bank: Towne Bank of Arizona, Mesa AZ
—Regulator: Arizona Department of Financial Institutions
—Acquiring bank: Commerce Bank of Arizona, AZ
—Vitals: assets of $120.2 million, deposits of $113.2 million
—Estimated DIF damage: $41.8 million

#68

—Failed bank: 1st Pacific Bank of California, San Diego CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: City National Bank, Los Angeles CA
—Vitals: assets of $335.8 million, deposits of $291.2 million
—Estimated DIF damage: $87.7 million

One comment

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Man, its a shame all those small banks are having to pay extra FDIC assesments to pay for closing all those big banks.

Posted by Beezlebufo | Report as abusive