This was a busy Friday for the FDIC. Seven banks were closed by regulators on Friday, bringing the total number of U.S. bank failures for the year so far to 138. The Federal Deposit Insurance Corp. said the following banks were closed:
- Scottsdale, Az.-based First Arizona Savings.
- Jacksonville, Fla.-based First Bank of Jacksonville.
- Tampa, Fla.-based Progress Bank of Florida.
- Gordon, Ga.-based Gordon Bank; Barnesville.
- Ga.-based First National Bank of Barnesville.
- Maywood, Ill.-based First Suburban National Bank.
- Overland Park, Kan.-based Hillcrest Bank were all closed.
The bank failures will cost the federal deposit-insurance fund a combined $445.2 million, the FDIC said.
For the vast majority of the 2010 banks closures, the FDIC has been able to find buyers who have assumed all deposits including those above the FDIC limit.
|Bank Name||City||State||CERT #||Closing Date|
|First Arizona Savings, A FSB||Scottsdale||AZ||32582||22-Oct-10|
|Hillcrest Bank||Overland Park||KS||22173||22-Oct-10|
|First Suburban National Bank||Maywood||IL||16089||22-Oct-10|
|The First National Bank of Barnesville||Barnesville||GA||2119||22-Oct-10|
|The Gordon Bank||Gordon||GA||33904||22-Oct-10|
|Progress Bank of Florida||Tampa||FL||32251||22-Oct-10|
|First Bank of Jacksonville||Jacksonville||FL||27573||22-Oct-10|