The Federal Deposit Insurance Corporation (FDIC) announced the closure of four (4) more banks on 7th May 2010.
The Bank of Bonifay #65
The First Federal Bank of Florida, Lake City, Florida, has assumed all of the deposits of The Bank of Bonifay.
As of 31st March 2010, The Bank of Bonifay had approximately $230.2 million in total deposits and $242.9 million in total assets. In addition to assuming the The Bank of Bonifay's deposits, First Federal Bank of Florida will purchase approximately $78.1 million of The Bank of Bonifay's assets, consisting of cash and cash equivalents. The FDIC will retain the remaining assets and will dispose of them at a later date.
The Bank of Bonifay is the 65th FDIC-insured institution to fail in the nation this year, and the tenth in Florida. The last FDIC-insured institution closed in the state was Riverside National Bank of Florida, Fort Pierce, on 16th April 2010.
Access Bank #66
PrinsBank, Prinsburg, Minnesota, has assumed all of the deposits of Access Bank.
As of 31st March 2010, Access Bank had approximately $32.0 million in total deposits and $32.0 million in total assets. In addition to assuming all of the deposits of the failed bank, PrinsBank agreed to purchase essentially all of the assets.
Access Bank is the 66th FDIC-insured institution to fail in the nation this year, and the fifth in Minnesota. The last FDIC-insured institution closed in the state was State Bank of Aurora, Aurora, on 19th March 2010.
Towne Bank of Arizona #67
Commerce Bank of Arizona, Tucson, Arizona, has assumed all of the deposits of Towne Bank of Arizona.
As of 31st March 2010, Towne Bank of Arizona had approximately $113.2 million in total deposits and $120.2 million in total assets. In addition to assuming all of the deposits of the failed bank, Commerce Bank of Arizona agreed to purchase essentially all of the assets.
Towne Bank of Arizona is the 67th FDIC-insured institution to fail in the nation this year, and the second in Arizona. The last FDIC-insured institution closed in the state was Desert Hills Bank, Phoenix, on 26th March 2010.
1st Pacific Bank of California #68
City National Bank, Los Angeles, California, has assumed all of the deposits of 1st Pacific Bank of California, San Diego, California.
As of 31st March 2010, 1st Pacific Bank of California had approximately $291.2 million in total deposits and $335.8 million in total assets. In addition to assuming all of the deposits of the failed bank, City National Bank agreed to purchase essentially all of the assets.
1st Pacific Bank of California is the 68th FDIC-insured institution to fail in the nation this year, and the fifth in California. The last FDIC-insured institution closed in the state was Innovative Bank, Oakland, on 16th April 2010.
Discover How You Can Profit from the Current Banking Crisis
Yes, you can profit from the current banking crisis and, at the same time, help others who are experiencing financial difficulties.
Bill Bartmann, who during the Savings and Loan crisis of the 1980s and 1990s went from bankrupt to billionaire buying bad loans for pennies on the dollar and then collecting on those loans for a profit has created a FREE video where he explains how you too, regardless of your personal circumstances, can profit in this downturn economy.
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The Bank of Bonifay #65
The First Federal Bank of Florida, Lake City, Florida, has assumed all of the deposits of The Bank of Bonifay.
As of 31st March 2010, The Bank of Bonifay had approximately $230.2 million in total deposits and $242.9 million in total assets. In addition to assuming the The Bank of Bonifay's deposits, First Federal Bank of Florida will purchase approximately $78.1 million of The Bank of Bonifay's assets, consisting of cash and cash equivalents. The FDIC will retain the remaining assets and will dispose of them at a later date.
The Bank of Bonifay is the 65th FDIC-insured institution to fail in the nation this year, and the tenth in Florida. The last FDIC-insured institution closed in the state was Riverside National Bank of Florida, Fort Pierce, on 16th April 2010.
Access Bank #66
PrinsBank, Prinsburg, Minnesota, has assumed all of the deposits of Access Bank.
As of 31st March 2010, Access Bank had approximately $32.0 million in total deposits and $32.0 million in total assets. In addition to assuming all of the deposits of the failed bank, PrinsBank agreed to purchase essentially all of the assets.
Access Bank is the 66th FDIC-insured institution to fail in the nation this year, and the fifth in Minnesota. The last FDIC-insured institution closed in the state was State Bank of Aurora, Aurora, on 19th March 2010.
Towne Bank of Arizona #67
Commerce Bank of Arizona, Tucson, Arizona, has assumed all of the deposits of Towne Bank of Arizona.
As of 31st March 2010, Towne Bank of Arizona had approximately $113.2 million in total deposits and $120.2 million in total assets. In addition to assuming all of the deposits of the failed bank, Commerce Bank of Arizona agreed to purchase essentially all of the assets.
Towne Bank of Arizona is the 67th FDIC-insured institution to fail in the nation this year, and the second in Arizona. The last FDIC-insured institution closed in the state was Desert Hills Bank, Phoenix, on 26th March 2010.
1st Pacific Bank of California #68
City National Bank, Los Angeles, California, has assumed all of the deposits of 1st Pacific Bank of California, San Diego, California.
As of 31st March 2010, 1st Pacific Bank of California had approximately $291.2 million in total deposits and $335.8 million in total assets. In addition to assuming all of the deposits of the failed bank, City National Bank agreed to purchase essentially all of the assets.
1st Pacific Bank of California is the 68th FDIC-insured institution to fail in the nation this year, and the fifth in California. The last FDIC-insured institution closed in the state was Innovative Bank, Oakland, on 16th April 2010.
Discover How You Can Profit from the Current Banking Crisis
Yes, you can profit from the current banking crisis and, at the same time, help others who are experiencing financial difficulties.
Bill Bartmann, who during the Savings and Loan crisis of the 1980s and 1990s went from bankrupt to billionaire buying bad loans for pennies on the dollar and then collecting on those loans for a profit has created a FREE video where he explains how you too, regardless of your personal circumstances, can profit in this downturn economy.
You can access the video by clicking the link below:
FREE Video: How to Make Money Buying Bad Loans
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