Five U.S. banks closures announced

January 30, 2010 - 0 comments

Washington -- Banks in Minnesota, California, Georgia, Florida and Washington state have been closed by regulators, officials say.

The closures, announced Friday by the the Federal Deposit Insurance Corp., brought the number of shuttered U.S. institutions to 15 so far this year, The Wall Street Journal reported.

The First National Bank of Georgia in Carrollton, Ga., was closed by the Office of the Comptroller of the Currency. Community & Southern Bank has assumed some of its assets and deposit liabilities.

American Marine Bank of Bainbridge Island, Wash., was closed by the Washington Department of Financial Institutions. Columbia State Bank of Tacoma, Wash., will assume its deposits.

Florida Community Bank of Immokalee, Fla., which was closed by the Florida Office of Financial Regulation. Premier American Bank of Miami will assume all of its deposits.

Marshall Bank of Hallock, Minn., was closed by the OCC. United Valley Bank, Cavalier, N.D., will assume its deposits.

Community Bank and Trust, Cornelia, Ga., was closed by the Georgia Department of Banking and Finance. SCBT of Orangeburg, S.C., will assume its deposits.
First Regional Bank of Los Angeles was closed by state officials. First Citizens Bank & Trust Company, Raleigh, N.C., will assume its deposits.