Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
FDIC Announces Two Bank Failures Friday
WASHINGTON (4/30/13)--The Federal Deposit Insurance Corp. announced Friday that two U.S. banks were closed and their assets assumed by other banks. The two failures bring this year's bank failures to 10.

Douglas County Bank, Douglasville, Ga., was assumed by Hamilton State Bank, Hoschton, Ga. As of Dec. 31, Douglas County Bank had roughly $316.5 million in total assets and $314.3 million in total deposits. FDIC estimates the failure will cost the Deposit Insurance Fund $86.4 million.

Parkway Bank, Lenoir, N.C., was assumed by Certus Bank, N.A., Easley, S.C. The cost of the failure will be $18.1 million, FDIC estimates. Parkway Bank had roughly $108.6 million in total assets and $103.7 in total deposits.
RSS





print
News Now LiveWire
Economic growth leaps in Nov, @ChicagoFed reports http://t.co/8Xo9lKLFf2
18 minutes ago
#NewsNow Redwood CU branch manager will do double duty as mayor http://t.co/yRnkcQYrEG
59 minutes ago
.@PCUA PAC donors notch record $151K+, surpassing 2013 total
1 hours ago
Cheney, La Pine, Middleman join @NCUFoundation board #NewsNow http://t.co/4C14PZpFf5
2 hours ago
Happy holidays! Here's your gift-report of another data breach: Staples between April and Sept, 1.16M cards at risk http://t.co/jDhJCkf3LC
2 hours ago