It’s time for the FDIC’s Friday afternoon bank closures, and so far we have two. I’ll update if we get more:
Bank closure No. 54 of 2009: First Piedmont Bank of Winder, Ga. was closed by the FDIC and taken over by First American Bank in Athens, Ga. Estimated cost to the FDIC: $29 million.
Bank closure No. 55: BankFirst of Sioux Falls, S.D. was closed by the FDIC and taken over by Alerus Financial of Grand Forks, N.D. Cost to the FDIC: $91 million.