Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
8 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
13 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
14 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
16 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
16 hours ago