This past Friday we saw 7 additional bank failures. This brings the total failed in 2010 to 103. The FDIC found other banks for all failed banks. The deposits were taken over by the acquiring banks including deposits above the FDIC limit. The bank names link to the FDIC press release.
- Sterling Bank – Lantana, FL
- Crescent Bank and Trust Company – Jasper, GA
- Williamsburg First National Bank – Kingstree, SC
- Thunder Bank – Sylvan Grove, KS
- SouthwestUSA Bank – Las Vegas, NV
- Home Valley Bank – Cave Junction, OR
- Community Security Bank – New Prague, MN
No credit unions failed this week.
Related posts:
