Haven Trust Bank of Duluth, Ga. fails; 24th of year 12 Dec 2008 The Federal Deposit Insurance Corporation said late Friday that Haven Trust Bank of Duluth, Ga., was closed by the Georgia Department of Banking and Finance. The failure not only marks the 24th bank failure of the year, but the fifth in the Atlanta area. The FDIC was named receiver, and Branch Banking & Trust of Winston-Salem, N.C. will assume the deposits.
Sanderson State Bank of Sanderson, Texas fails: 25th of year
SAN FRANCISCO (MarketWatch) -- The Federal Deposit Insurance Corporation said late Friday that the Sanderson State Bank of Sanderson, Texas, was closed by the Texas Department of Banking, making it the 25th U.S. bank failure of the year. The Pecos County State Bank of Fort Stockton, Texas, will assume all of Sanderson's deposits.
Sanderson State Bank of Sanderson, Texas fails: 25th of year
SAN FRANCISCO (MarketWatch) -- The Federal Deposit Insurance Corporation said late Friday that the Sanderson State Bank of Sanderson, Texas, was closed by the Texas Department of Banking, making it the 25th U.S. bank failure of the year. The Pecos County State Bank of Fort Stockton, Texas, will assume all of Sanderson's deposits.
As of Dec. 3, Sanderson had total assets of $37 million and total deposits of $27.9 million. Pecos County State Bank will assume all of the deposits for a 0.55% premium, and buy $3.8 million of assets, with the option to buy owned premises and equipment. It was the second bank failure announced by the FDIC on Friday.
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1 comment:
Thanks SPB this is another piece of information left out of the news. I see the Saudi's and Chinese buying up US banks to get total control. Remember the man with money has the power. One way is to give loans for homes, cars, personal loans and anything else. I guess since Americans can be brought as we're seen over the last 8 years these countries should have no problem buying the USA at a real cheap price right now.
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