First Federal Bank of California, Santa Monica, California Closed – OneWest Bank, Pasadena, California, Assumes All of the Deposits
The Office of Thrift Supervision closed First Federal Bank of California today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with OneWest Bank, Pasadena, California, to [...]
Imperial Capital Bank, La Jolla, California Closed – City National Bank, Los Angeles, California, Assumes All of the Deposits
The California Department of Financial Institutions closed Imperial Capital Bank, La Jolla, California today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with City National Bank [...]
Independent Bankers’ Bank, Springfield, Illinois Closed – FDIC Creates Bridge Bank to Take Over Operations
The Illinois Department of Financial and Professional Regulation—Division of Banking closed Independent Bankers Bank, Springfield, Illinois today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then created a bridge bank (Independent Bankers’ Bank Bridge Bank) to [...]
Beal Bank, Plano, Texas, Assumes All of the Deposits of New South Federal Savings Bank, Irondale, Alabama
The Office of Thrift Supervision closed New South Federal Savings Bank, Irondale, Alabama today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC then entered into a purchase agreement with Beal [...]
The FDIC Creates Deposit Insurance National Bank to Facilitate the Resolution of Citizens State Bank, New Baltimore, Michigan
The Michigan Office of Financial and Insurance Regulation closed Citizens State Bank, New Baltimore, Michigan today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC then created the Deposit Insurance [...]
Hancock Bank, Gulfport, Mississippi, Assumes All of the Deposits of Peoples First Community Bank, Panama City, Florida
The Office of Thrift Supervision closed Peoples First Community Bank, Panama City, Florida today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Hancock Bank, Gulfport, Mississippi, to [...]
RockBridge Commercial Bank, Atlanta, Georgia, Closed by the Federal Deposit Insurance Corporation
The Georgia Department of Banking and Finance closed RockBridge Commercial Bank, Atlanta, Georgia today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC approved the payout of the insured deposits of RockBridge Commercial Bank after it was unable to find [...]
Arvest Bank, Fayetteville, Arkansas, Assumes All Deposits of Solutions Bank, Overland Park, Kansas
The Office of the State Bank Commissioner of Kansas closed Solutions Bank, Overland Park, Kansas today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Arvest Bank, Fayetteville, Arkansas, to assume all [...]
Enterprise Bank & Trust Assumes All the Deposits of Valley Capital Bank, Mesa, Arizona
The Office of the Comptroller of the Currency closed Valley Capital Bank, Mesa, Arizona today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Enterprise Bank & Trust, Clayton, Missouri, to [...]
1st United Bank Assumes All the Deposits of Republic Federal Bank, Miami, Florida
The Office of the Comptroller of the Currency closed Republic Federal Bank, Miami, Florida today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with 1st United Bank, Boca Raton, Florida to assume [...]
Sonabank, McLean, Virginia, Assumes All Deposits of Greater Atlantic Bank, Reston, Virginia
The Office of Thrift Supervision closed Greater Atlantic Bank, Reston, Virginia today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Sonabank, McLean, Virginia, to assume all deposits of Greater Atlantic Bank, Reston, [...]
MB Financial Bank, Chicago, Illinois, Assumes All Deposits of Benchmark Bank, Aurora, Illinois
The Illinois Department of Financial and Professional Regulation closed Benchmark Bank, Aurora, Illinois today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with MB Financial Bank, Chicago, Illinois, to assume all deposits [...]
New York Community Bank, Westbury, New York, Assumes All Deposits of AmTrust Bank, Cleveland, Ohio
The Office of Thrift Supervision closed AmTrust Bank, Cleveland, Ohio. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with New York Community Bank, Westbury, New York, to assume all deposits [...]
HeritageBank of the South, Albany, Georgia, Assumes All Deposits of Tattnall Bank, Reidsville, Georgia
The Office of the Comptroller of the Currency closed Tattnall Bank, Reidsville, Georgia today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Heritage Bank, Albany, Georgia, to assume all deposits [...]
State Bank and Trust Company, Macon, Georgia, Assumes All Deposits of First Security National Bank, Norcross, Georgia
The Office of the Comptroller of the Currency closed First Security National Bank, Norcross, Georgia today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with State Bank and [...]
State Bank and Trust Company, Macon, Georgia Assumes All of the Deposits of Buckhead Community Bank, Atlanta, Georgia
The Georgia Department of Banking and Finance closed Buckhead Community Bank, Atlanta, Georgia today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with State Bank and Trust [...]
Central Bank of Stillwater, MN Assumes All of the Deposits of Commerce Bank of Southwest Florida, Fort Myers, Florida
The Florida Office of Financial Regulation closed Commerce Bank of Southwest Florida, Fort Myers, Florida today. They also appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC then entered into a purchase agreement with Central [...]
