FDIC on Friday shuttered several banks across the country bringing the year to date total to 68.

  1. Bank of Bonifay – Florida $242.9 million in assets; First Federal Bank of Florida agreed to acquire the deposits & $78.1 million of its assets. FDIC will keep the remainder for sale. Will cost the FDIC $78.7 million.
  2. Access Bank – Minnesota $32 million in assets; PrinsBank of Minnesota will assume all deposits and assets. Will cost the FDIC $5.5 million.
  3. Towne Bank – Arizona with $120.2 million in assets; Commerce Bank of Arizona agreed to assume all deposits and assets. Will cost the FDIC $41.8 million.
  4. 1st Pacific Bank – California with $335.8 million in assets; City National of Los Angeles will assume all assets and deposits. Will cost the FDIC $87.7 million.

Totals for the four banks, FDIC cost $135 million.

Bank Name

City

State

CERT #

Closing Date

Updated Date

1st Pacific Bank of California San Diego CA 35517 May 7, 2010 May 7, 2010
Towne Bank of Arizona Mesa AZ 57697 May 7, 2010 May 7, 2010
Access Bank Champlin MN 16476 May 7, 2010 May 7, 2010
The Bank of Bonifay Bonifay FL 14246 May 7, 2010 May 7, 2010
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