Center State Bank Acquires All the Deposits of Ocala National Bank, Ocala, Florida
Ocala National Bank, Ocala, Florida, was closed today by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank [...]
Bank of Essex, Tappahannock, Virginia, Acquires All the Deposits of Suburban Federal Savings Bank, Crofton, Maryland
Suburban Federal Savings Bank, Crofton, Maryland, was closed today by the Office of Thrift Supervision, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank [...]
FDIC Approves the Payout of the Insured Deposits of MagnetBank, Salt Lake City, Utah
The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of MagnetBank, Salt Lake City, Utah. The bank was closed today by the Utah Department of Financial Institutions and the FDIC was named receiver.
First California Bank, Westlake Village, CA, Acquires the Insured Deposits of 1st Centennial Bank, Redlands, CA
1st Centennial Bank, Redlands, California, was closed today by the California Department of Financial Institutions, which then appointed the FDIC as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First California Bank, Westlake [...]
Republic Bank of Chicago Acquires All the Deposits of National Bank of Commerce, Berkeley, IL
National Bank of Commerce, Berkeley, Illinois, was closed today by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement [...]
Umpqua Bank Acquires the Insured Deposits of Bank of Clark County, Vancouver, WA
Bank of Clark County, Vancouver, Washington, was closed today by the Washington Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, [...]
Congress created the Federal Deposit Insurance Corporation (FDIC) in 1933 to restore public confidence in the nation’s banking system. The FDIC insures deposits at the nation’s 8,012 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives [...]
