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FDIC closes 3 more banks SolutionsBank, Valley Capital Bank,Republic Federal Bank

Federal regulators have shut the doors on three more financial institutions in Florida, Kansas, and Arizona, bringing the total number of failed banks to 133 so far in 2009.

 

Valley Capital Bank is to be taken over by Enterprise Bank & Trust costing the FDIC on this Arizona bank's failure $7.4 million

 

SolutionsBank is being taken over by Arvest Bank this will cost the FDIC an estimated $122 million.

 

Republic Federal Bank. Republic $352.7 million in deposits, its four branch offices, and $267.1 million assets.1st United Bank has agreed to take acquire the banks assets this will cost an expected cost close to $122 million for the FDIC

 See a complete list of closures at

 

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

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Comment balloon 0 commentsBrandon Jordan • December 26 2009 01:51PM

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