A couple of bank closures this afternoon, details below. That makes 90 so far in 2011:
No. 89: Polk County Bank in Johnston, Iowa was shut down by government regulators, then taken over by Grinnell State Bank of Grinnell, Iowa. Estimated cost to the FDIC: $12 million.
No. 90: Central Progressive Bank of Lacombe, La. was shut down, then taken over by First NBC Bank of New Orleans. Estimated cost to the FDIC: $58.1 million.