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.
Sonoma Valley Bank, Sonoma, CA with approximately $337.1 million in total assets and $255.5 million in total deposits was closed. Westamerica Bank, San Rafael, CA has agreed to assume all deposits. (PR-196-2010).
Los Padres Bank, Solvang, CA with approximately $870.4 million in total assets and $770.7 million in total deposits was closed. Pacific Western Bank, San Diego, CA has agreed to assume all deposits. (PR-195-2010).
Butte Community Bank, Chico, CA with approximately $498.8 million in total assets and $471.3 million in total deposits was closed. Rabobank, National Association (N.A.), El Centro, CA has agreed to assume all deposits. (PR-194-2010).
Pacific State Bank, Stockton, CA with approximately $312.1 million in total assets and $278.8 million in total deposits was closed. Rabobank, National Association (N.A.), El Centro, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-194-2010).
ShoreBank, Chicago, IL with approximately $2.16 billion in total assets and $1.54 billion in total deposits was closed. Urban Partnership Bank, Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-193-2010).
Imperial Savings and Loan Association, Martinsville, VA with approximately $9.4 million in total assets and $10.1 million in total deposits was closed. River Community Bank, National Association (N.A), Martinsville, VA has agreed to assume all deposits. (PR-192-2010).
Independent National Bank, Ocala, FL with approximately $156.2 million in total assets and $141.9 million in total deposits was closed. CenterState Bank of Florida, National Association (N.A.), Winter Haven, FL has agreed to assume all deposits. (PR-191-2010).
Community National Bank at Bartow, Bartow, FL with approximately $67.9 million in total assets and $63.7 million in total deposits was closed. CenterState Bank of Florida, National Association (N.A.), Winter Haven, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-191-2010).
Palos Bank and Trust Company, Palos Heights, IL with approximately $493.4 million in total assets and $467.8 million in total deposits was closed. First Midwest Bank, Itasca, IL has agreed to assume all deposits. (PR-189-2010).
Ravenswood Bank, Chicago, IL, with approximately $264.6 million in total assets and $269.5 million in total deposits was closed. Northbrook Bank and Trust Company, Northbrook, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-181-2010).
