FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.
Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
First Priority Bank, Bradenton, Florida, with approximately $259 million in assets and approximately $227 million in deposits was closed. SunTrust Bank, Atlanta, Georgia has agreed to assume the non-brokered insured deposits. (PR-65-2008)
The Columbian Bank and Trust, Topeka, Kansas, with approximately $752 million in assets and approximately $622 million in deposits was closed. Citizens Bank and Trust Company, Chillicothe, Missouri has agreed to assume the non-brokered insured deposits. (PR-69-2008)
Integrity Bank, Alpharetta, Georgia, with approximately $1.1 billion in assets was closed. Regions Bank, Birmingham, Alabama has agreed to assume all deposits (approximately $974.0 million). (PR-74-2008)
