Fla., Ga. bank failures raise year's tally to 85

[OhioChick]

Source: MarketWatch

June 25, 2010, 6:23 p.m. EDT

SAN FRANCISCO (MarketWatch) -- Bank failures in Georgia and Florida on Friday brought the year's tally to 85, according to the Federal Deposit Insurance Corp. The Savannah Bank, N.A., of Savannah, Ga., will assume $231.9 million in deposits from First National Bank in Savannah, but will not buy the bank's $252.5 million in total assets. In Florida, Premier American Bank of Miami will assume all of the $580.1 million deposits and buy $644.3 million in assets from Peninsula Bank in Englewood.

Read more: http://www.marketwatch.com/story/fla-ga-bank-failures-raise-years-tally-to-85-2010-06-25

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http://www.fdic.gov/bank/individual/failed/banklist.html

[ixion]

1. All these small banks fail, while the so-called "too big to fail" pigs dine

at the taxpayer trough. :argh:

[OhioChick]

2. #3

High Desert State Bank/Alburquerque NM