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 Arizona Savings, A FSB, Scottsdale, AZ with approximately $272.2 million in total assets and $198.8 million in total deposits was closed. The FDIC has approved the payout of the insured deposits of First Arizona Savings, A FSB. (PR-237-2010).
Hillcrest Bank, Overland Park, KS with approximately $1.65 billion in total assets and $1.54 billion in total deposits was closed. Hillcrest Bank, N.A., Overland Park, KS has agreed to assume all deposits excluding certain brokered deposits. (PR-236-2010).
First Suburban National Bank, Maywood, IL with approximately $148.7 million in total assets and $140.0 million in total deposits was closed. Seaway Bank and Trust Company, Chicago, IL has agreed to assume all deposits excluding certain brokered deposits. (PR-235-2010).
The First National Bank of Barnesville, Barnesville, GA with approximately $131.4 million in total assets and $127.1 million in total deposits was closed. United Bank, Zebulon, GA has agreed to assume all deposits excluding certain brokered deposits. (PR-234-2010).
The Gordon Bank, Gordon, GA with approximately $29.4 million in total assets and $26.7 million in total deposits was closed. Morris Bank, Dublin, GA has agreed to assume all deposits. (PR-233-2010).
Progress Bank of Florida, Tampa, FL with approximately $110.7 million in total assets and $101.3 million in total deposits was closed. Bay Cities Bank, Tampa, FL has agreed to assume all deposits excluding certain brokered deposits. (PR-232-2010).
First Bank of Jacksonville, Jacksonville, FL with approximately $81.0 million in total assets and $77.3 million in total deposits was closed. Ameris Bank, Moultrie, GA has agreed to assume all deposits. (PR-231-2010).
Premier Bank, Jefferson City, MO with approximately $1.18 billion in total assets and $1.03 billion in total deposits was closed. Providence Bank, Columbia, MO has agreed to assume all deposits excluding certain brokered deposits. (PR-228-2010).
WestBridge Bank and Trust Company, Chesterfield, MO with approximately $91.5 million in total assets and $72.5 in total deposits was closed. Midland States Bank, Effingham, IL has agreed to assume all deposits excluding certain brokered deposits. (PR-227-2010).
Security Savings Bank, F.S.B, Olathe, KS with approximately $508.4 million in total assets and $397.0 million in total deposits was closed. Simmons First National Bank, Pine Bluff, AR has agreed to assume all deposits. (PR-226-2010).
