Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
FDIC Shutters Two Banks
WASHINGTON (5/14/13)--Two U.S. banks were closed Friday and their assets were assumed by other banks, the Federal Deposit Insurance Corp. announced Friday. The two failures bring the number of total failures so far this year to 12.

Sunrise Bank, Valdosta, Ga., was assumed by Synovus Bank, Columbus, Ga. As of Dec. 31.,  Sunrise Bank had roughly $60.8 million in total assets and $57.8 million in total deposits. FDIC estimated the failure will cost the Deposit Insurance Fund $17.3 million.

Pisgah Community Bank, Asheville, N.C., was assumed by Capital Bank, N.A., Rockville, Md. The cost of the failure will be $8.9 million, FDIC estimated. Pisgah Community Bank had about $21.9 million in total assets and  $21.2 million in total deposits.


RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
11 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
12 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
13 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
13 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
14 hours ago