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 Banking Center, Burlington, WI with approximately $750.7 million in total assets and $664.8 million in total deposits was closed. First Michigan Bank, Troy, MI has agreed to assume all deposits excluding the Cede & Co. deposits. (PR-255-2010).
Allegiance Bank of North America, Bala Cynwyd, PA with approximately $106.6 million in total assets and $92.0 million in total deposits was closed. VIST Bank, Wyomissing, PA has agreed to assume all deposits excluding the Cede & Co. deposits. (PR-254-2010).
Gulf State Community Bank, Carrabelle, FL with approximately $112.1 million in total assets and $112.2 million in total deposits was closed. Centennial Bank, Conway, AR has agreed to assume all deposits excluding the Cede & Co. deposits. (PR-253-2010).
Copper Star Bank, Scottsdale, AZ with approximately $204.0 million in total assets and $190.2 million in total deposits was closed. Stearns Bank, N.A., Saint Cloud, MN has agreed to assume all deposits excluding the Cede & Co. deposits. (PR-250-2010).
Darby Bank & Trust Co., Vidalia, GA with approximately $654.7 million in total assets and $587.6 million in total deposits was closed. Ameris Bank, Moultrie, GA has agreed to assume all deposits excluding the Cede & Co. deposits. (PR-249-2010).
Tifton Banking Company, Tifton, GA with approximately $143.7 million in total assets and $141.6 million in total deposits was closed. Ameris Bank, Moultrie, GA has agreed to assume all deposits including certain brokered deposits. (PR-249-2010).
First Vietnamese American Bank, Westminster, CA with approximately $48.0 million in total assets and $47.0 million in total deposits was closed. Grandpoint Bank, Los Angeles, CA has agreed to assume all deposits excluding certain brokered deposits. (PR-245-2010).
Pierce Commercial Bank, Tacoma, WA with approximately $221.1 million in total assets and $193.5 million in total deposits was closed. Heritage Bank, Olympia, WA has agreed to assume all deposits. (PR-244-2010).
Western Commercial Bank, Woodland Hills, CA with approximately $98.6 million in total assets and $101.1 million in total deposits was closed. First California Bank, Westlake Village, CA has agreed to assume all deposits. (PR-243-2010).
K Bank, Randallstown, MD with approximately $538.3 million in total assets and $500.1 million in total deposits was closed. Manufacturers and Traders Trust Company, Buffalo, NY has agreed to assume all deposits excluding certain brokered deposits. (PR-242-2010).
