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.
McIntosh Commercial Bank, Carrollton, GA with approximately $362.9 million in assets and approximately $343.3 million in deposits was closed. CharterBank, West Point, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-066-2010)
Key West Bank, Key West, FL with approximately $88.0 million in assets and approximately $67.7 million in deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits, excluding certain brokered deposits. (PR-067-2010)
Unity National Bank, Cartersville, GA with approximately $292.2 million in assets and approximately $264.3 million in deposits was closed. Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits, excluding certain brokered deposits. (PR-068-2010)
Desert Hills Bank, Phoenix, AZ with approximately $496.6 million in assets and approximately $426.5 million in deposits was closed. New York Community Bank, Westbury, NY has agreed to assume all deposits, excluding certain brokered deposits. (PR-069-2010)
American National Bank, Parma, OH, with approximately $70.3 million in assets and approximately $66.8 million in deposits was closed. The National Bank and Trust Company, Wilmington, OH has agreed to assume all deposits, excluding certain brokered deposits. (PR-056-2010)
Century Security Bank, Duluth, GA, with approximately $96.5 million in assets and approximately $94.0 million in deposits was closed. Bank of Upson, Thomaston, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-057-2010)
Advanta Bank Corp., Draper, UT, with approximately $1.6 billion in assets and approximately $1.5 billion in deposits was approved for payout by the FDIC Board of Directors. (PR-058-2010)
Appalachian Community Bank, Ellijay, GA with approximately $1.01 billion in assets and approximately $917.6 million in deposits was closed. Community & Southern Bank, Carrollton, GA has agreed to assume all deposits. (PR-059-2010)
Bank of Hiawassee, Hiawassee, GA, with approximately $377.8 million in assets and approximately $339.9 million in deposits was closed. Citizens South Bank, Gastonia, NC has agreed to assume all deposits, excluding certain brokered deposits. (PR-060-2010)
First Lowndes Bank, Fort Deposit, AL with approximately $137.2 million in assets and approximately $131.1 million in deposits was closed. First Citizens Bank, Luverne, AL has agreed to assume all deposits. (PR-061-2010)
