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 Bank of Kansas City, Kansas City, MO with approximately $16 million in assets and approximately $15 million in deposits was closed. Great American Bank, De Soto, KS has agreed to assume all deposits. (PR-161-2009)
InBank, Oak Forest, IL with approximately $212 million in assets and approximately $199 million in deposits was closed. MB Financial Bank, National Association, Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-162-2009)
Vantus Bank, Sioux City, IA with approximately $458 million in assets and approximately $368 million in deposits was closed. Great Southern Bank, Springfield, MO has agreed to assume all deposits. (PR-163-2009)
Platinum Community Bank, Rolling Meadows, IL, with approximately $345.6 million in assets and approximately $305.0 million in deposits was approved for payout by the FDIC Board of Directors. (PR-164-2009)
First State Bank, Flagstaff, AZ with approximately $105 million in assets and approximately $95 million in deposits was closed. Sunwest Bank, Tustin, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-165-2009)
Corus Bank, N.A., Chicago, IL with approximately $7 billion in assets and approximately $7 billion in deposits was closed. MB Financial Bank, N.A., Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-168-2009)
Brickwell Community Bank, Woodbury, MN with approximately $72 million in assets and approximately $63 million in deposits was closed. CorTrust Bank N.A. Mitchell, SD has agreed to assume all deposits, excluding certain brokered deposits. (PR-169-2009)
Venture Bank, Lacey, WA with approximately $970 million in assets and approximately $903 million in deposits was closed. First-Citizens Bank & Trust Company, Raleigh, NC has agreed to assume all deposits, excluding certain brokered deposits. (PR-170-2009)
Irwin Union Bank and Trust Company, Columbus, IN with approximately $2.7 billion in assets and approximately $2.1 billion in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)
Irwin Union Bank, F.S.B., Louisville, KY with approximately $493 million in assets and approximately $441 million in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)
