Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
FDIC Announces Two Bank Failures Friday
WASHINGTON (4/30/13)--The Federal Deposit Insurance Corp. announced Friday that two U.S. banks were closed and their assets assumed by other banks. The two failures bring this year's bank failures to 10.

Douglas County Bank, Douglasville, Ga., was assumed by Hamilton State Bank, Hoschton, Ga. As of Dec. 31, Douglas County Bank had roughly $316.5 million in total assets and $314.3 million in total deposits. FDIC estimates the failure will cost the Deposit Insurance Fund $86.4 million.

Parkway Bank, Lenoir, N.C., was assumed by Certus Bank, N.A., Easley, S.C. The cost of the failure will be $18.1 million, FDIC estimates. Parkway Bank had roughly $108.6 million in total assets and $103.7 in total deposits.
RSS





print
News Now LiveWire
Sony hack linked to N. Korea, says U.S.intelligence via @nytimes http://t.co/fE3PtMgEFz
11 hours ago
.@CUNAMutualGroup Klewin shares final thoughts, forecast on lending regulations with @cumagazine before retiring http://t.co/v78QY3QwqB
14 hours ago
Current @CUNA COO @JillTomalin promoted to deputy chief of staff
14 hours ago
#CU Effect:@ChartwayFCU 'branch of the future' 2 benefit members, staff. 2nd installment of new News Now series here:http://t.co/ImBY4nupEj
15 hours ago
U.K. regulators have given formal authorization for the @c_of_e to form a #creditunion.
15 hours ago