Government regulators shut down three banks earlier this afternoon, bringing the total to 106 in 2010. Details below.
I’ll be out of the office a little early this evening to enjoy some of this nice Whatcom County weather with my daughter, so if there are some West Coast closures, I’ll add them in over the weekend or on Monday.
No. 104: Northwest Bank and Trust of Ackworth, Ga. was closed, then taken over by State Bank & Trust Co. of Macon, Ga. Northwest had two branches. Estimated cost to the FDIC: $38.9 million.
No. 105-106: Bayside Savings Bank of Saint Joe, Fla. and Coastal Community Bank of Panama City Beach Fla. were both closed and taken over by Centennial Bank of Conway, Ark. Both banks had 13 branches. Total estimated cost to the FDIC: $110.7 million.
Add these two:
Cowlitz Bank in Longview, Wash., assets of $529.3 million; and LibertyBank, based in Eugene, Ore., assets of $768.2 million.
From your:
http://www.bellinghamherald.com/2010/07/30/1549584/regulators-close-banks-in-fla.html
Thanks ColinS… Here are a couple details
No. 107: Cowlitz Bank, had 9 branches and was taken over by Heritage Bank of Olympia. Estimated cost to the FDIC: $68.9 million.
No. 108: LibertyBank had 15 branches and was taken over by HomeFederal Bank of Nampa, Idaho. Estimated cost to the FDIC: $115.3 million.