Two Florida and One Oregon bank fail bringing '09 tally to 72Submitted by SteveMT on Fri, 08/07/2009 - 21:32
SAN FRANCISCO (MarketWatch) -- Two bank failures in Florida raised the number of bank failures to 71 for the year, according to the Federal Deposit Insurance Corp. late Friday. Florida regulators closed Community National Bank of Sarasota County in Venice, Fla., and First State Bank of Sarasota, Fla. Stearns Bank, N.A., of St. Cloud, Minn. will assume all the deposits of First State Bank, and assume the deposits of Community National for a 0.25% premium. As of May 31, First State had deposits of about $387 million, and Community National had deposits of $93 million. The failures bring the number of Florida bank failures to six for 2009.
They just added another in Oregon plus others?