Community National Bank, Hondo, Texas, Assumes All of the Deposits of The La Coste National Bank, La Coste, Texas
The La Coste National Bank, La Coste, Texas, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community National Bank, Hondo, Texas, to assume all of the deposits of The La Coste National Bank.
The sole branch of The La Coste National Bank will reopen on Monday as a branch of Community National Bank. Depositors of The La Coste National Bank will automatically become depositors of Community National Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Community National Bank that it has completed systems changes to allow other Community National Bank branches to process their accounts as well.
Read the rest of this article »
Mutual of Omaha Bank, Omaha, Nebraska, Assumes All of the Deposits of Marco Community Bank, Marco Island, Florida
Marco Community Bank, Marco Island, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Mutual of Omaha Bank, Omaha, Nebraska, to assume all of the deposits of Marco Community Bank.
The sole branch of Marco Community Bank will reopen on Saturday as a branch of Mutual of Omaha Bank. Depositors of Marco Community Bank will automatically become depositors of Mutual of Omaha Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Mutual of Omaha Bank that it has completed systems changes to allow other Mutual of Omaha Bank branches to process their accounts as well.
Read the rest of this article »
Community Development Bank, FSB, Ogema, Minnesota, Assumes All of the Deposits of 1st American State Bank of Minnesota, Hancock, Minnesota
1st American State Bank of Minnesota, Hancock, Minnesota was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community Development Bank, FSB, Ogema, Minnesota, to assume all of the deposits of 1st American State Bank of Minnesota.
The two branches of 1st American State Bank of Minnesota will reopen on Monday as branches of Community Development Bank, FSB. Depositors of 1st American State Bank of Minnesota will automatically become depositors of Community Development Bank, FSB. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use the former 1st American State Bank of Minnesota branches until they receive notice from Community Development Bank, FSB that it has completed systems changes to allow other Community Development Bank, FSB branches to process their accounts as well.
Read the rest of this article »
Columbia State Bank, Tacoma, Washington, Assumes All of the Deposits of American Marine Bank, Bainbridge Island, Washington
American Marine Bank, Bainbridge Island, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington, to assume all of the deposits of American Marine Bank.
The 11 branches of American Marine Bank will reopen on Saturday as branches of Columbia State Bank. Depositors of American Marine Bank will automatically become depositors of Columbia State Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Columbia State Bank that it has completed systems changes to allow other Columbia State Bank branches to process their accounts as well.
Read the rest of this article »
First Citizens Bank & Trust Company, Raleigh, North Carolina, Assumes All of the Deposits of First Regional Bank, Los Angeles, California
First Regional Bank, Los Angeles, California, was closed today by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina, to assume all of the deposits of First Regional Bank.
The eight branches of First Regional Bank will reopen on Monday as branches of First-Citizens Bank & Trust Company. Depositors of First Regional Bank will automatically become depositors of First-Citizens Bank & Trust Company. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use the former First Regional Bank branch until they receive notice from First-Citizens Bank & Trust Company that it has completed systems changes to allow other First-Citizens Bank & Trust Company branches to process their accounts as well.
Read the rest of this article »
SCBT, N.A., Orangeburg, South Carolina, Assumes All of the Deposits of Community Bank and Trust, Cornelia, Georgia
Community Bank and Trust, Cornelia, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with SCBT, N.A., Orangeburg, South Carolina, to assume all of the deposits of Community Bank and Trust.
The 36 branches of Community Bank and Trust will reopen during normal business hours as branches of SCBT, N.A., but will continue to conduct business under the name Community Bank and Trust. Depositors of Community Bank and Trust will automatically become depositors of SCBT, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use the former Community Bank and Trust branch until they receive notice from SCBT, N.A. that it has completed systems changes to allow other SCBT, N.A. branches to process their accounts as well.
Read the rest of this article »
United Valley Bank, Cavalier, North Dakota, Assumes All of the Deposits of Marshall Bank, National Association, Hallock, Minnesota
Marshall Bank, National Association, Hallock, Minnesota, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Valley Bank, Cavalier, North Dakota, to assume all of the deposits of Marshall Bank, N.A.
Read the rest of this article »
Premier American Bank, National Association, Miami Florida, Assumes All of the Deposits of Florida Community Bank, Immokalee, Florida
Florida Community Bank, Immokalee, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Premier American Bank, National Association, Miami, Florida, to assume all of the deposits of Florida Community Bank.
The 11 branches of Florida Community Bank will reopen during normal business hours as branches of Premier American Bank, N.A., but will continue to conduct business under the name Florida Community Bank. Depositors of Florida Community Bank will automatically become depositors of Premier American Bank, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Premier American Bank, N.A. that it has completed systems changes to allow other Premier American Bank, N.A. branches to process their accounts as well.
Read the rest of this article »
Community & Southern Bank, Carrollton, Georgia, Assumes All of the Deposits of First National Bank of Georgia, Carrollton, Georgia
First National Bank of Georgia, Carrollton, Georgia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia, a newly chartered institution, to assume all of the deposits of First National Bank of Georgia.
The 11 branches of First National Bank of Georgia will reopen on Saturday as branches of Community & Southern Bank. Depositors of First National Bank of Georgia will automatically become depositors of Community & Southern Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.
Read the rest of this article »
Columbia State Bank, Tacoma, Washington, Assumes All of the Deposits of Columbia River Bank, The Dalles, Oregon
Columbia River Bank, The Dalles, Oregon, was closed today by the Oregon Division of Finance and Corporate Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington, to assume all of the deposits of Columbia River Bank.
The 21 branches of Columbia River Bank will reopen during their normal business hours beginning Saturday as branches of Columbia State Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Columbia State Bank that it has completed systems changes to allow other Columbia State Bank branches to process their accounts as well.
Read the rest of this article »
Umpqua Bank, Roseburg, Oregon, Assumes All of the Deposits of Evergreen Bank, Seattle, Washington
Evergreen Bank, Seattle, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon, to assume all of the deposits of Evergreen Bank.
The seven branches of Evergreen Bank will reopen on Monday as branches of Umpqua Bank. Depositors of Evergreen Bank will automatically become depositors of Umpqua Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Umpqua Bank that it has completed systems changes to allow other Umpqua Bank branches to process their accounts as well.
Read the rest of this article »
Charter Bank, Albuquerque, New Mexico, Assumes All of the Deposits of Charter Bank, Santa Fe, New Mexico
Charter Bank, Santa Fe, New Mexico, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas, to assume all of the deposits of Charter Bank.
The eight branches of Charter Bank (Santa Fe) will reopen on Monday as branches of Charter Bank (Albuquerque). Depositors of Charter Bank (Santa Fe) will automatically become depositors of Charter Bank (Albuquerque). Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.
Read the rest of this article »
Sunflower Bank, National Association, Salina, Kansas, Assumes All of the Deposits of Bank of Leeton, Leeton, Missouri
Bank of Leeton, Leeton, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Sunflower Bank, National Association, Salina, Kansas, to assume all of the deposits of Bank of Leeton.
Read the rest of this article »
Premier American Bank, Miami, Florida, National Association, Assumes All of the Deposits of Premier American Bank, Miami, Florida
Premier American Bank, Miami Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Premier American Bank, National Association, Miami, Florida, a newly-chartered national institution, to assume all of the deposits of Premier American Bank. Premier American Bank, N.A. is a subsidiary of Bond Street Holdings, LLC, Naples, Florida.
The four branches of Premier American Bank will reopen on Monday as branches of Premier American Bank, N.A. Depositors of Premier American Bank will automatically become depositors of Premier American Bank, N.A. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.
Read the rest of this article »
FDIC Creates a Deposit Insurance National Bank of Kaysville, Utah to Protect Insured Depositors of Barnes Banking Company, Kaysville, Utah
Barnes Banking Company, Kaysville, Utah, was closed today by the Utah Department of Financial Institutions, which appointed Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC created the Deposit Insurance National Bank of Kaysville (DINB), which will remain open until February 12, 2010 to allow depositors access to their insured deposits and time to open accounts at other insured institutions.
At the time of closing, the receiver immediately transferred to the DINB all insured deposits of Barnes Banking Company, except for brokered deposits, certificates of deposits (CDs) and individual retirement accounts (IRAs). The receiver also transferred to the DINB all secured deposits by public entities.
Read the rest of this article »
First State Bank of St. Joseph, St. Joseph, Minnesota, Assumes All of the Deposits of St. Stephen State Bank, St. Stephen, Minnesota
St. Stephen State Bank, St. Stephen, Minnesota, was closed today by the Minnesota Department of Commerce, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First State Bank of St. Joseph, St. Joseph, Minnesota, to assume all of the deposits of St. Stephen State Bank.
Read the rest of this article »
First American Bank, Elk Grove Village, Illinois Assumes All of the Deposits of Town Community Bank and Trust, Antioch, Illinois
Town Community Bank and Trust, Antioch, Illinois, was closed today by the Illinois Department of Financial Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First American Bank, Elk Grove Village, Illinois, to assume all of the deposits of Town Community Bank and Trust.
The sole branch of Town Community Bank and Trust will reopen on Saturday as a branch of First American Bank. Depositors of Town Community Bank and Trust will automatically become depositors of First American Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use the former Town Community Bank and Trust branch until they receive notice from First American Bank that it has completed systems changes to allow other First American Bank branches to process their accounts as well.
Read the rest of this article »
Washington Federal Savings and Loan Association, Seattle, Washington, Assumes All the Deposits of Horizon Bank, Bellingham, Washington
Horizon Bank, Bellingham, Washington, was closed today by the Washington State Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Washington Federal Savings and Loan Association, Seattle, Washington, to assume all of the deposits of Horizon Bank.
The 18 branches of Horizon Bank will reopen during their normal business hours beginning tomorrow as branches of Washington Federal Savings and Loan Association. Depositors of Horizon Bank will automatically become depositors of Washington Federal Savings and Loan Association. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branch until they receive notice from Washington Federal Savings and Loan Association that it has completed systems changes to allow other Washington Federal Savings and Loan Association branches to process their accounts as well.
Read the rest of this article »
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 assume all deposits of First Federal Bank of California.
First Federal Bank of California, which had thirty-nine branches, will reopen Saturday as branches of OneWest Bank. Depositors of First Federal Bank of California will automatically become depositors of One West Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 Los Angeles, California, to assume all deposits of Imperial Capital Bank.
Imperial Capital Bank, which had nine branches, will reopen Monday as branches of City National Bank. Depositors of Imperial Capital Bank will automatically become depositors of City National Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 take over the operations of Independent Bankers’ Bank.
Independent Bankers’ Bank did not take deposits directly from or make loans to the general public. It was a commercial bank that provided correspondent banking services to its client banks which numbered approximately 450 in four states. The FDIC will operate Independent Bankers’ Bank Bridge Bank, to allow preexisting marketing efforts for the bank to continue.
For further information, customers may call the FDIC at 1-800-451-1093 until 9:00 p.m. (EST) this evening; Saturday between 9:00 a.m. and 6:00 p.m.; Sunday between noon and 6:00 p.m.; and from 8:00 a.m. to 8:00 p.m. thereafter. Customers may also find additional information on the FDIC Web Site.
Independent Bankers Bank is the 138th FDIC-insured institution to fail in the nation this year and the twenty-first to fail this year in Illinois. The last FDIC-insured institution closed in the state was Benchmark Bank, Aurora, on December 04, 2009.
FDIC 12/18/09
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 Bank, Plano, Texas to assume all deposits of New South Federal Saving Bank.
New South Federal Savings Bank, which had just one branch, will reopen on Monday during normal business hours as a branch of Beal Bank. Deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 National Bank to allow depositors access to their deposits and give them time to open accounts at other insured institutions. The FDIC plans for the Deposit Insurance National Bank to remain open for approximately 45 days.
All branches of Citizens State Bank (now Deposit Insurance National Bank) will open on Saturday during normal business hours. Deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 assume all deposits of Peoples First Community Bank.
Peoples First Community Bank, which had 29 offices, will reopen on Monday during normal business hours as a branches of Hancock Bank. Depositors of Peoples First Community Bank will automatically become depositors of Hancock Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 another financial institution to take over the banking operations.
For further information, customers may call the FDIC at 1-800-405-1604 until 9:00 p.m. (EST) this evening; Saturday between 9:00 a.m. and 6:00 p.m.; Sunday between noon and 6:00 p.m.; and from 8:00 a.m. to 8:00 p.m. thereafter. Customers may also find additional information on the FDIC Web Site.
RockBridge Commercial Bank is the 134th FDIC-insured institution to fail in the nation this year and the twenty-fifth to fail this year in Georgia. The last FDIC-insured institution closed in the state was Buckhead Community Bank, Atlanta, on December 04, 2009.
FDIC 12/18/09
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 deposits of Solutions Bank.
Solutions Bank, which had six branches, will reopen Saturday as branches of Arvest Bank. Depositors of Solutions Bank will automatically become depositors of Arvest Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 assume all deposits of Valley Capital Bank.
Valley Capital Bank’s sole office will reopen Monday during normal business hours as a branch of Enterprise Bank & Trust. Depositors of Valley Capital Bank will automatically become depositors of Enterprise Bank & Trust. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 all deposits of Republic Federal Bank.
Republic Federal Bank, which had four branches, will reopen Monday during normal business hours as branches of 1st United Bank. Depositors of Republic Federal Bank and its branches will automatically become depositors of 1st United Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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, Virginia.
Greater Atlantic Bank, which had five branches, will reopen Monday during normal business hours as branches of Sonabank. Depositors of Greater Atlantic Bank and its branches will automatically become depositors of Sonabank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
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 of Benchmark Bank, Aurora, Illinois.
Benchmark Bank, which had five branches, will reopen during normal business hours as branches of MB Financial Bank. Depositors of Benchmark Bank and its branches will automatically become depositors of MB Financial Bank. Those deposits will continue to be insured by the FDIC.
Read the rest of this article »
