FIs closed: USA
The following banks were closed on 7 October 2011
The RiverBank, Wyoming, Minnesota
First International Bank, Plano, Texas
The following banks were closed on 14 October 2011
Sun Security Bank, Ellington, Missouri
Piedmont Community Bank, Gray, Georgia
Blue Ridge Savings Bank, Asheville, North Carolina
First State Bank, Cranford, New Jersey
On Friday, September 30, 2011, First International Bank, Plano, TX was closed by the Texas Department of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with American First National Bank, Houston, Texas, to assume all of the deposits of First International Bank.
On Friday, October 7, 2011, The RiverBank, Wyoming, MN was closed by the Minnesota Department of Commerce, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Central Bank, Stillwater, Minnesota, to assume all of the deposits of The RiverBank.
On Friday, October 7, 2011, Sun Security Bank, Ellington, MO was closed by the Missouri Division of Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Southern Bank, Springfield, Missouri, to assume all of the deposits of Sun Security Bank. (27 branches)
On Friday, October 14, 2011, Piedmont Community Bank, Gray, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia, to assume all of the deposits of Piedmont Community Bank
On Friday, October 14, 2011, Blue Ridge Savings Bank, Inc., Asheville, NC was closed by the North Carolina Office of Commissioner of Banks, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume all of the deposits of Blue Ridge Savings Bank, Inc. (ten branches)
On Friday, October 14, 2011, First State Bank, Cranford, NJ was closed by the New Jersey Department of Banking and Insurance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northfield Bank, Staten Island, New York, to assume all of the deposits of First State Bank. (two branches)
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