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 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
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
2 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
3 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
3 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
3 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
5 hours ago