Bank closures

Written by Dave Gallagher | The Bellingham Herald | July 24, 2009

The FDIC has closed two banks as of Friday afternoon (July 24). I’ll update if more are closed, but here are the details of the ones I have:

Bank closure No. 58 in 2009: Waterford Village Bank in Clarence, N.Y. was closed, then taken over by Evans Bank in Angola, N.Y. Cost to the FDIC: $5.6 million.

Bank closure No. 59: Security Bank Corp., in Macon Ga., which has six banks and 20 branches, was closed and then taken over by State Bank and Trust in Pinehurst, Ga. Cost to the FDIC $807 million.