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.
LibertyBank, Eugene, OR with approximately $768.2 million in total assets and $718.5 million in total deposits was closed. Home Federal Bank, Nampa, ID has agreed to assume all deposits. (PR-176-2010).
The Cowlitz Bank, Longview, WA, with approximately $529.3 million in total assets and $513.9 million in total deposits was closed. Heritage Bank, Olympia, WA has agreed to assume all deposits, excluding certain brokered deposits. (PR-175-2010).
Coastal Community Bank, Panama City Beach, FL with approximately $372.9 million in total assets and $363.2 million in total deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits (PR-174-2010).
Bayside Savings Bank, Port Saint Joe, FL with approximately $66.1 million in total assets and $52.4 million in total deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits (PR-174-2010).
Northwest Bank & Trust, Acworth, GA, with approximately $167.7 million in total assets and $159.4 million in total deposits was closed. State Bank and Trust Company, Macon Georgia, has agreed to assume all deposits, excluding certain brokered deposits. (PR-172-2010).
Home Valley Bank, Cave Junction, OR with approximately $251.80 million in total assets and $229.6 million in total deposits was closed. South Valley Bank & Trust, Klamath Falls, OR has agreed to assume all deposits (PR-169-2010).
SouthwestUSA Bank, Las Vegas, NV with approximately $214.0 million in total assets and $186.7 million in total deposits was closed. Plaza Bank, Irvine, CA has agreed to assume all deposits, excluding certain brokered deposits (PR-168-2010).
Community Security Bank, New Prague, MN with approximately $108.0 million in total assets and $99.7 million in total deposits was closed. Roundbank, Waseca, MN has agreed to assume all deposits (PR-167-2010).
Thunder Bank, Sylvan Grove, KS with approximately $32.6 million in total assets and $28.5 million in total deposits was closed. The Bennington State Bank, Salina, KS has agreed to assume all deposits, excluding certain brokered deposits (PR-166-2010).
Williamsburg First National Bank, Kingstree, SC with approximately $139.3 million in total assets and $134.3 million in total deposits was closed. First Citizens Bank and Trust Company, Inc., Columbia, SC has agreed to assume all deposits, excluding certain brokered deposits (PR-165-2010).
