Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
FDIC Shutters Two Banks
WASHINGTON (5/14/13)--Two U.S. banks were closed Friday and their assets were assumed by other banks, the Federal Deposit Insurance Corp. announced Friday. The two failures bring the number of total failures so far this year to 12.

Sunrise Bank, Valdosta, Ga., was assumed by Synovus Bank, Columbus, Ga. As of Dec. 31.,  Sunrise Bank had roughly $60.8 million in total assets and $57.8 million in total deposits. FDIC estimated the failure will cost the Deposit Insurance Fund $17.3 million.

Pisgah Community Bank, Asheville, N.C., was assumed by Capital Bank, N.A., Rockville, Md. The cost of the failure will be $8.9 million, FDIC estimated. Pisgah Community Bank had about $21.9 million in total assets and  $21.2 million in total deposits.


RSS print
News Now LiveWire
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
9 minutes ago
.@siskiyoucu does 'littlest things' for members as it waits for toll from devastating fire in Weed, Calif
36 minutes ago
Maine wracked by 100,000 compromised cards from #HomeDepotBreach http://t.co/edJuIOuBvO
1 hours ago
@federalreserve Fed Reserve today said it will not propose any change to its cap on debit card interchange fees http://t.co/0vm600OMau
1 hours ago
Sept. #NCUABdMtg is adjourned.
3 hours ago