Two more bank closures make 14 for 2010


Written by | The Bellingham Herald | January 29, 2010

No.13 Community Bank and Trust of Cornelia, Ga. was closed, then taken over by SCBT, N.A. of Orangeburg, S.C. Community Bank and Trust had 36 branches. Estimated cost to the FDIC: $354.5 million.

No. 14: First Regional Bank of Los Angeles was closed, then taken over by First Citizens Bank & Trust Co. of Raleigh, N.C. First Regional had eight branches. Estimated cost to the FDIC: $825.5 million.

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