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.
North County Bank, Arlington, WA with approximately $288.8 million total assets and $276.1 million in total deposits was closed. Whidbey Island Bank, Cupeville, WA has agreed to assume all deposits excluding certain brokered deposits. (PR-215-2010).
Haven Trust Bank Florida, Ponte Vedra Beach, FL with approximately $148.6 million total assets and $133.6 million in total deposits was closed. First Southern Bank, Boca Raton, FL has agreed to assume all deposits excluding certain brokered deposits. (PR-214-2010).
Maritime Savings Bank, West Allis, WI with approximately $350.5 million total assets and $248.1 million in total deposits was closed. North Shore Bank, FSB, Brookfield, WI has agreed to assume all deposits excluding certain brokered deposits. (PR-210-2010).
Bramble Savings Bank, Milford, OH with approximately $47.5 million total assets and $41.6 million in total deposits was closed. Foundation Bank, Cincinnati, OH has agreed to assume all deposits excluding certain brokered deposits. (PR-209-2010).
The Peoples Bank, Winder, GA with approximately $447.2 million total assets and $398.2 million in total deposits was closed. Community & Southern Bank, Carrollton, GA has agreed to assume all deposits excluding certain brokered deposits. (PR-208-2010).
First Commerce Community Bank, Douglasville, GA with approximately $248.2 million total assets and $242.8 million in total deposits was closed. Community & Southern Bank, Carrollton, GA has agreed to assume all deposits excluding certain brokered deposits. (PR-208-2010).
Bank of Ellijay, Ellijay, GA with approximately $168.8 million total assets and $160.7 million in total deposits was closed. Community & Southern Bank, Carrollton, GA has agreed to assume all deposits. (PR-208-2010).
ISN Bank, Cherry Hill, NJ with approximately $81.6 million total assets and $79.7 million in total deposits was closed. New Century Bank, Phoenixville, PA has agreed to assume all deposits excluding certain brokered deposits. (PR-207-2010).
Horizon Bank, Bradenton, FL with approximately $187.8 million total assets and $164.6 million in total deposits was closed. Bank of the Ozarks, Little Rock, AR has agreed to assume all deposits excluding certain brokered deposits. (PR-205-2010).
