Bank failures hit 86

Posted: June 28, 2010 in Banks, Failures
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Most banks are seized on Friday afternoons, by the FDIC and restructured by morning. On Friday June 25th three more were closed. Closures of banks are averaging more than three a week.

FDIC seized First National Bank of Savannah Georgia had #252 million in assets and $231 million in deposits;  Peninsula Bank in Englewood Florida. It had $644 million in assets and $580 million in deposits; ; and High Desert State Bank of Albuquerque New Mexico which had $80 million in assets and $81 million in deposits.

Bank Name

City

State

CERT #

Closing Date

Updated Date

Peninsula Bank Englewood FL 26563 June 25, 2010 June 25, 2010
High Desert State Bank Alburquerque NM 35279 June 25, 2010 June 25, 2010
First National Bank Savannah GA 34152 June 25, 2010 June 25, 2010

According to FDIC’s problem list there are 775. With fears of a double-dip recession growing, the numbers could rise higher.









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