WASHINGTON (9/17/13)--Two banks closed Friday, which brings this year's total of failed U.S. banks to 22, the Federal Deposit Insurance Corp. announced Friday.
First National Bank, Edinburg, Texas, was closed and assumed by PlainsCapital Bank, Dallas. Also, The Community Bank, Bridgeport, Conn., was closed by The Connecticut Department of Banking, which appointed the FDIC as receiver.
As of June 30, the two banks had roughly $3.1 billion in total assets and $2.3 billion in total deposits.
The cost to the Deposit Insurance Fund will be $645 million, FDIC estimated.
So far in 2013, the National Credit Union Administration has closed 12 credit unions.